Cautiously positive performance for the TASI index
The Saudi Stock Exchange's main index (TASI) closed slightly higher on Monday, adding modest gains to its value and settling at 11,270 points, a rise of 0.02%. This cautious positive performance came amid active market liquidity, with total trading value reaching approximately SAR 5.4 billion, reflecting continued investor interest in the market. The volume of shares traded during the session was around 244.5 million, while the total market capitalization remained stable at approximately SAR 9.4 trillion.
The performance of companies in the main market varied
Today's session saw a clear divergence in the performance of listed companies, with 152 companies' shares declining and 107 companies' shares rising out of a total of 268 companies listed on the main market. This divergence indicates a selective approach by investors, who are focusing on specific sectors and stocks based on their fundamental assessments and future expectations.
The top performing stocks were Adis, CGS, Amac, Savola Group, and Paragrizzers. Conversely, the worst performing stocks were Herfy Food, MIS, Exports, Banan, and Emaar.
The economic context and the importance of the "Tadawul" market
The Saudi Stock Exchange (Tadawul) is the largest in the Middle East and North Africa region and plays a pivotal role in achieving the goals of Saudi Vision 2030. The performance of the Tadawul All Share Index (TASI) reflects the confidence of local and international investors in the strength of the Saudi economy and its ambitious plans to diversify its sources of income away from oil. The inclusion of the Saudi market in global emerging market indices such as MSCI and FTSE Russell has enhanced its attractiveness to foreign investment, increasing market depth and liquidity.
Performance of the parallel market “Growth”
On the parallel market, Nomu, which aims to support small and medium-sized enterprises (SMEs), the index closed with a notable increase of 0.5%, reaching 23,740 points. Trading value on Nomu reached approximately SAR 18.7 million, with 1.9 million shares traded. The parallel market saw 39 companies' shares rise, while 34 companies' shares declined, reflecting positive momentum in this vital sector, which is a cornerstone of the Kingdom's economic diversification strategy.
