Cautiously positive performance for the main “TASI” index
The Saudi Stock Exchange's main index, TASI, closed slightly higher on Tuesday, adding a modest 0.1%, or about 11 points. The index settled at 11,328 points, with total trading volume reaching SAR 5 billion, reflecting a cautious and stable investor sentiment.
According to official data from the Saudi Stock Exchange (Tadawul), approximately 220.3 million shares were traded during the session, while the total market capitalization of listed shares remained stable at around SAR 9.4 trillion. Regarding company performance, the figures showed a clear divergence, with 140 companies' shares declining and 112 companies' shares rising, highlighting the selective nature of investor activity throughout the day.
The top performing stocks included companies such as Al-Kimiya, Qaw Telecom, Shari, Al-Arabia, and UCIC. Conversely, the worst performing stocks included those of Elm, Knowledge City, Jazeera Takaful, Makkah, and Solutions.
The economic context and the importance of the "Tadawul" market
The performance of the Saudi stock market is a vital indicator of the health of the national economy, especially given the significant transformations the Kingdom is undergoing within the framework of Vision 2030. The Saudi Stock Exchange (Tadawul) is the largest stock market in the Middle East and North Africa region and plays a pivotal role in financing projects and supporting the growth of national companies. In recent years, the market has witnessed significant structural developments, most notably its inclusion in global emerging market indices such as MSCI and FTSE Russell, which has opened the door to substantial foreign investment inflows and enhanced market depth and transparency.
Local and regional influences on market performance
The stability of the Saudi Stock Exchange (TASI), even with a slight increase, sends positive signals to local and international investors about the strength of the Saudi economy and its ability to withstand global challenges. Market performance also directly impacts companies' expansion and capital raising plans and serves as a gauge of business confidence. Regionally, the Saudi stock market often leads the trends of other Gulf markets due to its size and significant influence, making its performance a focal point for observers across the region.
Positive performance for the parallel market “Nomu”
In a related development, the parallel market index, Nomu, closed with a similar increase of 0.1%, reaching 24,043 points. Trading value on Nomu reached approximately SAR 28.7 million, with 2.4 million shares traded. This market, dedicated to small and medium-sized enterprises (SMEs), saw 46 companies' shares rise while 33 declined, out of a total of 125 listed companies. Nomu plays a strategic role in supporting entrepreneurship and providing alternative financing channels for promising companies, thus contributing to the diversification of the Kingdom's economic base.
