The Saudi Stock Exchange's main index (TASI) opened trading on Sunday with a clear positive note, rising 0.7%, reflecting investor optimism at the start of the week. Trading volume in the first few hours reached approximately SAR 440 million, indicating healthy liquidity flow across various market channels.
According to data released by the Saudi Stock Exchange (Tadawul), early trading saw significant activity, with approximately 20 million shares traded. The total market capitalization of listed shares remained stable at a record high of SAR 9.352 trillion, further solidifying the Saudi market's position as one of the largest financial markets in the Middle East and North Africa region.
Company and sector performance: Green dominates
The session witnessed a broad rally, with 233 companies seeing their shares rise, while only 22 companies experienced declines out of a total of 268 companies listed on the general index. This significant divergence in favor of rising companies reflects the widespread upward trend across most vital sectors of the market.
In terms of stock performance details, the top performing companies were:
- Al-Andalus Real Estate Company.
- Saudi Trading Group Holding Company.
- Red Sea International Company.
- Leva Insurance Company.
- Halwani Brothers Company.
On the other hand, the list of the biggest losers was limited, and included companies such as: Amac Company, Flexible Company, Industrial Means, the National Shipping Company of Saudi Arabia (Bahri), and Saudi Cables.
Economic importance and general context of the financial market
This rise comes in the context of the pivotal role played by the Saudi financial market in supporting the national economy, in line with the objectives of the Kingdom’s Vision 2030. The financial market (Tadawul) is a true reflection of the strength of the Saudi economy, as the Financial Sector Development Program contributes to enhancing the depth of the market and attracting both foreign and local investments.
These moves are particularly significant given the weight of the Saudi market in global emerging market indices, making any positive development there a focus of attention for global portfolio managers. The increasing number of profitable companies indicates investor confidence in the operational performance of listed companies and their ability to achieve sustainable growth.
Parallel market performance (growth)
In parallel with the main market, the Nomu Parallel Market Index recorded a slight increase of 0.1% at the start of trading on Sunday, reaching 23,541 points. Trading volume in this market reached approximately 446,000 riyals, with 53,500 shares traded, for a total market capitalization of 40.53 million riyals.
Regarding the performance of companies in “Nomu”, the shares of 8 companies rose at the beginning of the session, while 3 companies recorded a decline out of 125 listed companies, indicating a relative stability in the performance of small and medium companies listed in this promising market.
