Saudi Market Declines Today, Al-Andalus Tops Winners List

The Saudi stock market recorded a cautious start today, as the main index (TASI) dropped to 11,127.85 points, declining by about 0.45%, under selling pressure that impacted most leading sectors.

Top Gainers

Several companies showed noteworthy positive performance, with Al-Andalus leading the winners list, rising by 5.04%. The notable gains were as follows:

• Al-Andalus: +5.04%
• Cement: +3.99%
• Paper Industry: +2.37%
• Al-Muajil: +1.98%
• Petro Rabigh/Petro Gazer: +1.53%

Positive movements in some real estate and industrial stocks seem to have supported a limited side of liquidity.

Top Losers

Conversely, several stocks fell sharply, with Al-Balad leading the losers, down by 3.35%. The declines included various stocks from goods and services sectors:

• Al-Balad: -3.35%
• Cables: -2.42%
• Sedq: -2.40%
• Abu Muti: -2.40%
• Al-Drees: -2.40%

These declines reflect a short-term selling wave, possibly due to profit-taking or the absence of new positive catalysts.

Index Performance During the Session

The chart displayed fluctuating movement for the index, opening with slight increases before clearly declining starting at 10:10 AM, hitting its lowest levels between 10:17 – 10:25. Despite a limited rebound attempt in the last half hour, momentum remained weak at the time of reporting.

Market Analytical Outlook

The market appears to be in a state of general caution, with most main sectors declining and liquidity levels weak compared to previous rising sessions. These movements seem closer to a natural correction within a sideways trend in the short term, awaiting new local or global catalysts to restore confidence among traders.