The Saudi Stock Exchange's main index (TASI) opened trading on Wednesday with relative stability, registering 11,215 points in the early stages of the session. This stability comes amidst a sense of anticipation among investors, who are weighing local economic factors against developments in global markets. Trading volume at the start of the session reached approximately SAR 278.65 million, resulting from the trading of nearly 46 million shares, while the total market capitalization stood at SAR 9.514 trillion.
General context and market performance
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 the Kingdom's Vision 2030, which aims to diversify the economy and attract foreign investment. 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 enhanced its liquidity and attractiveness to international investors. The index's performance today reflects a balance between buying and selling pressures, as traders assess company results and economic growth prospects against geopolitical challenges and global energy price volatility.
Company and sector performance
Regarding the performance of listed companies, preliminary data showed a majority of rising stocks, with 159 companies recording gains compared to 73 companies whose shares declined, out of a total of 268 companies listed on the main market. Among the top gainers at the start of the session were shares of Al Masar Al Shamel, Zain Saudi Arabia, Salal, Amana Insurance, and MBC Group. Conversely, shares of companies such as Al Azizia REIT, SGS, Al Rajhi REIT, Bahri, and Alistithmar REIT saw notable declines. This divergence in stock performance reflects the market's dynamics and investors' reactions to the news and results of each individual company.
Parallel market (growth)
The parallel market index (Nomu), dedicated to small and medium-sized enterprises (SMEs), also opened trading stable at 23,632 points. Trading value on Nomu reached approximately SAR 377,600, with a volume of 56,200 shares. Nomu is a vital platform for supporting the growth of promising companies and providing them with new financing channels, thus contributing to the promotion of innovation and entrepreneurship in the Kingdom.
Importance and expected impact
The stability of the Saudi stock market reflects investor confidence in the strength of the local economy and its ability to withstand global challenges. Domestically, this performance reinforces the stability of the investment climate and encourages continued capital inflows. Regionally, the performance of the Saudi Stock Exchange (Tadawul) directly impacts investor sentiment in other GCC markets due to its size and influence. Internationally, the stability of the region's largest market attracts the attention of global portfolio managers seeking opportunities in emerging markets, further solidifying the Kingdom's position as a leading regional financial center.
