Saudi Main TASI Index Declines Amid Broad-Based Selling; Tourism Sector Sees Growth

The Saudi main TASI index ended trading on Wednesday, November 26, with a decline of 51.24 points, or 0.48%, closing at 10,635.38 points. Market activity saw 276.28 million shares traded, totaling SAR 5.50 billion ($1.4 billion). Out of all listed stocks, 90 advanced while 156 declined, indicating widespread selling across sectors. The MT30 index, tracking the 30 largest companies by market cap, dropped 3.80 points or 0.27% to 1,393.85 points.

Over the past month, TASI fell by 7.16%, and by 8.29% year-on-year, underscoring persistent market pressures amid oil price volatility and global economic concerns. Naqi Water led the gainers, rising 4.69% to SAR 53.60, while several other stocks faced notable selling pressure.

In corporate news, Sipchem’s board announced a 5% cash dividend for the second half of 2025. The Public Investment Fund offered 48 million Masar shares to institutional investors, aiming to boost market liquidity and attract major institutional investment.

In a positive development for the tourism and conference sector, 20 agreements and memoranda of understanding were signed on the first day of the annual MICE Summit in Riyadh. Companies with combined global revenues exceeding $9 billion gathered to support Saudi Vision 2030, with a reported 32% increase in venue capacity across 923 accredited venues nationwide.