The Saudi Stock Exchange's main index (TASI) ended trading on Sunday with a significant and sharp decline, falling 1.75% to close at 10,364 points. The session witnessed widespread selling pressure that impacted the overall index performance, amidst trading with a total value of approximately 2.55 billion Saudi riyals.
According to data from the Saudi Stock Exchange (Tadawul), the volume of shares traded during the session reached approximately 171 million shares, while the total market value of listed shares remained stable at 8.846 trillion riyals, reflecting the significant economic weight of the market despite daily fluctuations.
Company and sector performance
The session witnessed a widespread decline affecting the majority of listed stocks, with 237 companies closing in the red, indicating a cautious sentiment among traders. The biggest losers included: Gulf National Union, Saudi Advanced Industries Company (UCIC), Al-Taamir Company, Al-Babtain Company, and Food Development Company.
In contrast, only 20 companies managed to defy the general market trend and close higher, with the top performers being: Exports, Pure Water, Burgerizer, Chemical, and Sadr.
Market context and its economic importance
The Saudi stock market is the largest financial market in the Middle East and North Africa region and a true reflection of the national economy's performance. These movements in the index are part of the dynamic nature of financial markets, which are influenced by supply and demand factors, as well as global and local economic influences. The market attracts significant attention from both local and foreign investors, particularly in light of the structural reforms undertaken as part of the Kingdom's Vision 2030 programs, which aim to deepen the financial market and enhance its investment appeal.
Parallel market performance (growth)
On the parallel market (Nomu), the index closed down 0.6% on Sunday, settling at 23,371 points. Trading volume on Nomu reached approximately SAR 20.8 million, with 3.65 million shares traded, while the market capitalization of listed companies stood at SAR 42.3 million.
In detail, regarding the performance of companies in the parallel market, the shares of 33 companies rose, while the shares of 50 companies declined out of 126 listed companies, reflecting a disparity in performance among small and medium-sized companies listed in this vital market, which is considered an alternative platform for companies wishing to list with more flexible requirements.
