Saudi Market Wrap: Main Index Edges Higher as Select Stocks Lead Gains

The Saudi market opened the week with a mild positive performance, as the Main Market Index traded around 11,070 points, showing +0.16% intraday strength. Despite the modest move, activity remained balanced between advancing and declining stocks.

Top Gainers – Strong Upside Momentum

Several stocks posted notable gains, reflecting targeted investor interest:

• ACIG – +9.85%
• Strongest performer of the session, driven by increased buying on the Main Market.
• SALAMA – +7.21%
• Solid upward move, indicating strong sentiment in insurance-related names.
• ALSAGR INSURANCE – +4.43%
• Continues to attract buyers, extending its positive momentum.
• ENAYA – +4.33%
• Notable intraday demand within the insurance sector.
• NASEEJ – +3.74%
• Among the session’s outperformers as liquidity moved toward mid-cap names.

Top Losers – Pressure on Select Sectors

The market also saw declines in several key stocks:

• ADVANCED – -4.50%
• The largest drop of the session, reflecting selling pressure in petrochemical-linked counters.
• JAHEZ – -3.24%
• Weighed down by profit-taking after recent gains.
• JADWA REIT SAUDI – -3.12%
• REIT segment saw mild weakness amid cautious sentiment.
• NCLE – -2.27%
• Education sector names experienced modest pullback.
• CARE – -2.25%
• Healthcare names saw selective selling.

Market Breadth and Trading Activity

• Value Traded: ~1.75 billion SAR
• Volume Traded: ~86 million shares
• Symbols Up: 108
• Symbols Down: 139

Breadth remained slightly negative, but overall index stability shows that losses were concentrated in specific names rather than broad-based weakness.

Market Outlook

The market continues to trade within a stable range near the 11,070-11,100 zone. Investor flows suggest a preference for insurance and mid-cap plays, while petrochemical, logistics, and REIT sectors saw mild pressure.