The Saudi Stock Exchange's main index (TASI) opened slightly lower on Monday, declining 0.1% to settle at 10,904 points. The morning session saw active trading with a total value of approximately SAR 235.6 million, reflecting a cautious and watchful stance among traders at the start of the financial week.
Trading details and market capitalization
According to data from the Saudi Stock Exchange (Tadawul), the volume of shares traded during the morning session reached approximately 14.5 million. Despite a slight decline in the general index, the market capitalization of Saudi stocks remained substantial, registering around 9.2 trillion riyals, which confirms the market's depth, resilience, and ability to absorb typical daily fluctuations.
Company and sector performance
The market witnessed a clear divergence in the performance of listed companies, with the number of companies trading in positive territory (142 companies saw their shares rise at the start of trading) predominating, while the shares of 99 other companies declined out of the 266 companies listed on the main market. This divergence suggests selective opportunities for investors, despite the overall decline in the general index, which may be influenced by the weighting of leading companies.
The top performing companies included Al-Khaleejia General, Chubb, Al-Arabia, Al-Wataniya, and Al-Majed for Oud, reflecting significant activity in the insurance and retail sectors. Conversely, Halwani Brothers, Malakiya REIT, Wafra, Raya, and Al-Kimiya were among the worst performing, indicating profit-taking or price corrections in these stocks.
Parallel market (growth) and the position of the Saudi market
On the other hand, the parallel market index (Nomu) bucked the trend of the main market, recording a 0.1% increase to reach 23,467 points, with trading valued at SAR 374,400. The parallel market plays a pivotal role in supporting small and medium-sized enterprises (SMEs) and providing flexible financing channels that contribute to diversifying the national economy.
The movements of the Saudi stock market are of particular importance given its position as the largest financial market in the Middle East and North Africa region, serving as a true reflection of the Kingdom's economic activity. These trading activities take place within an economic environment striving to achieve the goals of Vision 2030, which focuses on developing the financial sector and attracting foreign and domestic investments. This makes monitoring daily indicators crucial for investors and economic analysts to assess available opportunities and liquidity trends.
