The Tadawul All Share Index (TASI) saw a slight decline at the start of trading
The Saudi Stock Exchange's main index (TASI) opened Wednesday's trading session with a slight decline of 0.1%, reaching 11,318 points. The first few minutes of trading saw a turnover of approximately 270 million riyals, resulting from the trading of nearly 11.4 million shares. This cautious performance comes as investors assess global and local economic data and its potential impact on the market's trajectory in the coming period.
According to data from the Saudi Stock Exchange (Tadawul), the total market value of the index at the start of the session was approximately 9.496 trillion riyals, reflecting the size and weight of the Saudi market as the largest financial market in the Middle East and North Africa region.
General context and sector performance
The performance of the Saudi stock market reflects the national economy, which is undergoing profound structural transformations within the framework of Vision 2030. The index's movement is directly influenced by the performance of leading sectors such as banking and basic materials (petrochemicals), in addition to the energy sector, which remains a key driver of the economy. These sectors react to global variables, most notably oil prices, global interest rates, and geopolitical tensions, which impact the sentiment of both local and international investors.
In today's session, preliminary figures showed mixed performance among companies, with 99 stocks rising and 127 declining out of a total of 268 companies listed on the main market. This divergence indicates a cautious approach and a reassessment of investment positions. The top gainers at the start of the session were Al Majed for Oud, BinDawood, Industries, Flynas, and Exports. Conversely, the biggest losers included companies such as Elm, Roum, Solutions, Bupa Arabia, and Riyadh Cement.
The importance of the Saudi market and its regional impact
The Saudi stock market holds strategic importance that extends beyond its borders. Following its inclusion in global emerging market indices such as MSCI and FTSE Russell, it has become a major destination for foreign investment flows, enhancing market liquidity and depth. The stability and performance of the Saudi Stock Exchange (TASI) is a vital indicator of investor confidence across the region, and any fluctuations in it often resonate in neighboring Gulf markets.
Performance of the parallel market “Growth”
On the parallel market (Nomu), which focuses on small and medium-sized enterprises (SMEs), the index opened trading with notable stability at 24,047 points. Trading value on Nomu reached approximately SAR 753,400, with a volume of 24,890 shares traded. Six companies saw their share prices rise, while four experienced declines, reflecting selective activity in this promising market, which aims to provide diverse financing channels for startups and support innovation in the Saudi economy.
