Saudi Stock Market Ends Week with Minor Decline Amid Sector Losses

The general index of the Saudi stock market (TASI) concluded the week's trading with a slight decrease of 0.04%, closing at 12,097 points. The market also saw a reduction in the market capitalization of stocks by approximately 11.0 billion riyals, bringing the total value to 10.206 trillion riyals. This decline was mainly driven by losses in the basic materials, banking, and energy sectors.

Trading Performance and Sector Variation

The Saudi market experienced active trading throughout the week, with a total trading value of approximately 32.85 billion riyals. A total of 1.94 billion shares were traded across 2.53 million transactions. In terms of sector performance, the basic materials sector recorded the largest decline, falling by 1.4%, followed by the banking sector, which dropped by 1.06%. The energy sector also saw a decrease of 0.28%.

On the other hand, the commercial and professional services sector posted a significant gain of 10.9%, while the telecommunications sector saw a modest increase of 0.21%.

Top Gaining and Losing Stocks

Among individual stocks, "Nice One" led the list of the highest-gaining stocks, achieving a strong increase of 40% to close at 49 riyals, reflecting the company’s strong performance. Conversely, "National Education" topped the list of the most significant decliners, losing 9.1% of its value to close at 184 riyals, impacted by selling pressures.

Most Traded Stocks

"Saudi Bahah" remained the most traded stock by volume, with 688.96 million shares traded. "Al-Mousa" led the list of the most active stocks by value, with trading reaching 1.76 billion riyals.

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