Saudi Market Rises to 11,132 Points Backed by Blue Chips; Liquidity Surpasses 2.33 Billion Riyals

Riyadh | EcoPulse24

The Saudi main stock index 'TASI' traded in positive territory during today's session, buoyed by strong performances from blue-chip stocks in the telecommunications, banking, and insurance sectors. The market witnessed active liquidity and a high number of transactions.

By 1:14 pm, the index stood at 11,132.43 points, up 34.37 points from the previous close of 11,098.06, a rise of 0.31%. The index traded between a session high of 11,142.28 and a low of 11,018.90, after opening at 11,050.75.

Trading value reached about 2.33 billion riyals, with 125.05 million shares exchanged in over 219,000 transactions covering 268 companies. Of these, 133 saw gains, 120 declined, and 15 were unchanged.

Among large-cap performers, 'Retal' led with a 6.52% increase to 13.07 riyals, followed by 'Elm' up 5.98% to 718 riyals and 'Bupa Arabia' gaining 5.12% to 174.50 riyals. 'Al Othaim' and 'Electrical Industries' also posted gains above 4%.

On the downside, 'Care' led losses, falling 9.99% to 141.50 riyals, followed by 'Yansab' down 5.03% to 27.16 riyals, with 'Shams', 'MBC Group', and 'Alazizia REIT' also declining.

In terms of trading value, 'STC' topped the list with nearly 192.7 million riyals at 43.58 riyals, followed by 'Al Rajhi Bank' at about 160 million riyals at 105.10 riyals, then 'BSF', 'Elm', and 'Jahez'.

For trading volume, 'Americana' led with more than 24.2 million shares traded, followed by 'Jahez', 'SABIC', 'Al Othaim', and 'BSF'.

The parallel market index 'Nomu' fell 0.45% to 23,441.79 points, pressured by small-cap stocks, with trading value at 6.3 million riyals. Twenty-eight companies rose while 22 declined.

In the sukuk and debt market, the sukuk index edged down 0.03% to 923.89 points, with trades exceeding 3.29 million riyals. 'Al Rajhi Perpetual Sukuk' was the most actively traded instrument by value.

On a yearly basis, TASI continues its positive trend, up 6.1% since the start of the year, while the MT30 index has gained nearly 8% over the same period, reflecting sustained momentum in leading stocks.

EcoPulse24 Analysis
Today's Saudi market performance reflects a relative balance between buying and selling pressures, with a positive bias driven by selective moves in blue-chip stocks, especially in telecom, tech, and insurance. Testing the 11,140-point level suggests a short-term upward trajectory, but sustained momentum will require further support from petrochemicals and major banks in coming sessions. Current liquidity remains moderate, indicating relative caution among traders awaiting additional catalysts such as company results or macroeconomic developments and energy prices.