Saudi Market Opens with Slight Decline Amid Investor Caution and Global Factors

The Saudi financial market (Tadawul) opened trading on Monday with a slight decline, amid a mixed performance of leading stocks and cautious investor sentiment due to ongoing external pressures related to the dollar and oil prices.

The main market index (TASI) recorded approximately 10,545 points, down by about 0.41% in early trading, after touching lower levels in the first minutes before recovering some of its losses.

Trading Values and Market Activity

• Trading Value: Approximately 242.7 million riyals

• Trading Volume: About 14.6 million shares

• Market Capitalization: Nearly 8.86 trillion riyals

• Number of Rising Companies: 111 companies

• Number of Declining Companies: 140 companies

• Number of Listed Companies: 265 companies

Performance of Leading Stocks

Some leading stocks continued to move within a narrow range, such as:

• Saudi Aramco's share decreased to 23.87 riyals, down by 0.08%

• Arabian Drilling's share rose to 94.00 riyals, up by 0.53%

• Petro Rabigh's share increased by 0.55% to 7.34 riyals

• Ades' share climbed to 17.32 riyals, up by 0.35%

• Bahri's share fell by 1.03% to 28.70 riyals

Top Gainers

The list of winners includes:

• SIDC at 12.25 riyals (+5.79%)

• Sanaat at 35.70 riyals (+2.00%)

• Al-Masar Al-Shamil at 22.01 riyals (+1.85%)

• Equipment House at 33.08 riyals (+1.78%)

• Real Estate at 13.11 riyals (+1.63%)

Top Decliners

Conversely, several stocks faced selling pressures, notably:

• Sinomi Retail (-1.74%)

• Sulaiman Al Habib (-1.47%)

• Marna (-1.31%)

• Kimanol (-1.27%)

• Al-Babtain (-1.24%)

Most Traded by Volume

• Americana: 4.85 million shares

• Saudi Aramco: 465 thousand shares

• Saudi Drab: 428 thousand shares

• Mahara: 425 thousand shares

• Batak: 417 thousand shares

Factors Influencing Performance

This performance comes amid:

• Continued strength of the dollar globally, which pressures risk appetite in emerging markets

• Fluctuating oil prices, with Brent crude trading near 70 dollars, amid anticipation of OPEC+ decisions and global economic data

• Investor caution in regional markets as they await upcoming U.S. monetary policy decisions and their impact on liquidity flows