Saudi Stock Market Ends Week with Decline Amid Increased Market Capitalization

The general index of the Saudi stock market (TASI) concluded the week with a decline of 1.7%, closing at 11,931 points. Despite this drop, the market saw an increase in the market capitalization of listed stocks, which rose by approximately 27.2 billion riyals, reaching 10.37 trillion riyals. This increase was largely supported by the positive performance of Saudi Aramco's stock, which helped bolster investor confidence despite declines in several other sectors.

Trading Performance and Sector Variations

The Saudi market experienced active trading throughout the week, with the total trading value reaching about 28.5 billion riyals, and 1.84 billion shares traded across 2.06 million transactions. In terms of sector performance, the materials sector registered the highest decline of 3.2%, followed by the telecommunications sector at 2.9% and the banking sector at 2.77%.

In contrast, the energy sector defied the broader market trend, achieving gains of 1.8%. This positive performance was driven by Saudi Aramco’s stock, which rose by 1.93%, boosting its market value to approximately 7 trillion riyals. This helped strengthen the energy sector and uplift investor sentiment.

Top Gaining and Losing Stocks

Among individual stocks, Savola Company was the top performer of the week, registering an impressive gain of 32.9%, closing at 36.95 riyals. This reflected the company’s strong performance during the week. Conversely, Red Sea Global was the biggest decliner, losing 11.6% of its value to close at 56.1 riyals, as it faced significant selling pressures.

Most Traded Stocks

Al-Baha Company maintained its position at the top of the most traded stocks by volume for the seventh consecutive week, with 775.4 million shares traded. Meanwhile, Saudi Aramco continued to lead the list of most traded stocks by value, with trades totaling 3.9 billion riyals. This performance underscores the sustained investor interest in Aramco’s stock, which remains a key pillar of the Saudi market.

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