The Saudi Stock Exchange's main index, TASI, closed Wednesday's trading session with a notable rise, continuing its positive trajectory and reflecting cautious optimism among investors. The index closed at 11,155 points, achieving gains of 0.5%, equivalent to approximately 55 points. This performance was supported by healthy liquidity, with a total value of around SAR 3.7 billion, resulting from the trading of approximately 209.3 million shares.
General context and market performance
This surge comes amid a volatile global economic environment, with investors closely monitoring global oil prices and the monetary policies of major central banks. The Saudi stock market (Tadawul), the largest in the Middle East and North Africa region, reflects the local economy's significant structural transformation under the Kingdom's Vision 2030. This vision aims to diversify the economy away from oil, a goal reflected in the listing of companies from diverse sectors such as technology, entertainment, and healthcare, thus deepening the market and increasing its appeal to both local and international investors.
The importance and impact of performance
The positive performance of the Tadawul All Share Index (TASI) not only boosts investor confidence in the strength of the Saudi economy but also influences regional markets, which often follow the Saudi market's lead. Internationally, with Tadawul's inclusion in global emerging market indices such as MSCI and FTSE Russell, its performance has become more closely linked to foreign investment flows, making its stability and growth a key factor in the decisions of global portfolio managers.
In today's trading session, the market saw mixed performance, with 151 companies' shares rising and 102 companies' shares declining out of a total of 268 companies listed on the main market. Among the top gainers were shares of Enaya, Bupa Arabia, Retal, Elm, and Azm. Conversely, shares of companies such as Raya, Yanbu National Petrochemical Company (YANSAB), MBC Group, Dallah Healthcare, and Al-Fakhariya saw notable declines.
Performance of the parallel market “Growth”
The parallel market index (Nomu), dedicated to small and medium-sized enterprises (SMEs), also recorded positive performance. It closed 0.3% higher at 23,622 points. Trading value on Nomu reached approximately SAR 12 million, with a trading volume of 1.5 million shares. The parallel market saw 41 companies' shares rise, while 28 companies' shares declined, out of a total of 125 listed companies.
