Positive start to the week for Saudi stocks
The Saudi Stock Exchange's main index, TASI, began the week with gains, closing in positive territory on Sunday, the first trading day of the week, up 0.3%, or 33 points. The index closed at 11,216 points, with total trading volume reaching approximately 3 billion Saudi riyals.
General context and importance of the 'Tadawul' market
This performance comes within the context of the leading position held by the Saudi Stock Exchange (Tadawul) as the largest market in the Middle East and North Africa region in terms of market capitalization. The market plays a pivotal role in achieving the objectives of Saudi Vision 2030, which aims to diversify the sources of economic income and reduce dependence on oil. Over the past few years, the market has witnessed significant structural developments, most notably the listing of Saudi Aramco, the largest in history, in addition to its inclusion in global emerging market indices such as MSCI and FTSE Russell, which has enhanced its attractiveness to foreign investors and increased foreign capital inflows.
Details of today's trading session
Looking at the session details, the volume of shares traded reached approximately 150.4 million shares, while the total market capitalization of listed shares reached nearly 9.4 trillion riyals. Trading data showed that the shares of 159 companies rose by the end of the session, while the shares of 100 companies declined, out of a total of 268 companies listed on the main market. The shares of Al-Waha, MedGulf Insurance, Jahez, Al-Aqaria, and Al-Dara’a Al-Arabiya were the top gainers, while the shares of Abu Moati, Al-Taawuniya, Canadian Medical Center, Ata’a, and Adis led the list of the biggest losers.
Expected impact and performance of the parallel market 'Growth'
The positive performance of the Saudi market reflects the confidence of local and international investors in the strength and growth potential of the Saudi economy, particularly in the non-oil sectors. The stability of the Saudi market also has a positive impact on Gulf stock markets, as it is seen as a key indicator of the health of the regional economy. Meanwhile, the Nomu Parallel Market Index closed slightly higher by 0.1%, reaching 23,887 points, with trading valued at SAR 9 million. Nomu is a vital platform for supporting small and medium-sized enterprises (SMEs), contributing to innovation and job creation, which aligns with the Kingdom's comprehensive economic development goals.
