Saudi Market Faces Broad Selling Pressure, TASI Closes Sharply Lower

Riyadh | EcoPulse24

Saudi stocks traded sharply lower in today's session, with the main TASI index closing at 11,158.60 points, down 223.48 points (1.96%) from the previous close of 11,382.08. Despite the selloff, market liquidity remained high.

The session opened at 11,344.98 points, reached an intraday high of 11,371.50, and touched a low of 11,089.27, reflecting significant volatility. Selling pressure was widespread, with 232 stocks declining, 31 advancing, and 5 unchanged, indicating broad-based weakness.

Trading volume reached 126,520,912 shares across 237,569 transactions, with a total traded value of SAR 2,738,870,572.45, highlighting active execution despite downward price pressure.

The MT30 index fell to 1,499.42 points, down 36.14 points (2.35%). The parallel Nomu index was relatively stable at 23,920.71 points, up slightly by 0.04, while the Sukuk index showed more resilience, rising to 918.64 points (+0.12).

EcoPulse24 Analysis: The broad scope of declines versus limited gainers indicates market-wide pressure not confined to a single sector. With expanding investor base and high liquidity sensitivity, down sessions emphasize the distinction between less risky instruments (like sukuk) and more volatile stocks. The session's outlook depends on intraday volatility and whether liquidity shifts from broad selling to selective positioning.