The Saudi stock market index (TASI) opened trading on Sunday, the start of the financial week, on a clear positive note, recording a 0.7% increase to reach 10,552 points . The opening session witnessed significant liquidity, with trading volume reaching approximately 194 million Saudi riyals in the first few minutes.
According to data released by the Saudi Stock Exchange (Tadawul), over 11 million shares were traded, reflecting investors' appetite for new buying positions at the start of the week. The total market capitalization remained stable at a substantial SAR 8.771 trillion, reinforcing the Saudi market's position as one of the largest financial markets in the Middle East and North Africa region.
Company and sector performance: collective rise
Early trading in the market was overwhelmingly positive, with 213 companies seeing their shares rise – the vast majority of listed companies – while only 21 companies out of the 266 listed on the main market experienced declines. This significant divergence in favor of rising companies indicates a prevailing sense of optimism among traders.
The top performing stocks included Shaker, Al Badri, Nice One, Al Ramz, and Jaco , which witnessed significant buying activity. Conversely, the most notable declines were in the Real Estate Investment Trusts (REITs) sector and some technology companies, with shares of Alinma REIT Retail, Alinma REIT Hotel, Al Azizia REIT, MIS, and Al Taameer all falling.
The parallel market (growth) keeps pace with the rise
In tandem with the main market's rise, the parallel market index (Nomu) opened trading on Sunday with a slight increase of 0.1%, settling at 23,560 points . Trading value on Nomu reached approximately SAR 352,000, with 51,500 shares traded, bringing the market capitalization to SAR 42.4 million. The session saw 8 companies' shares rise, while 4 declined, out of a total of 127 listed companies, reflecting relative stability in this promising market.
Economic importance and market context
This positive performance of the Saudi stock market comes within a broader economic context that reflects the strength of the national economy. The Saudi Stock Exchange (Tadawul) is a true reflection of the Kingdom's Vision 2030 , specifically the Financial Sector Development Program, which aims to diversify income sources and attract foreign and domestic investment. The index's surpassing of technical barriers such as 10,500 points provides positive technical indicators for analysts and investors regarding the overall market trend.
Furthermore, stability in global energy markets and the financial performance of leading companies play a pivotal role in bolstering investor confidence. The collective rise of over 200 companies demonstrates that liquidity is not concentrated in a single sector but is healthyally distributed across various sectors, thus mitigating concentration risks and enhancing the market's attractiveness for diversified investment portfolios.
