Saudi Stock Exchange Opens Slightly Lower Due to Al Rajhi and Aramco Amid Sector Divergence

Riyadh | EcoPulse24

The Saudi Stock Exchange (Tadawul) opened today's session with a limited decline, as the TASI index fell to approximately 10,470 points in early trading, affected by pressures on several leading stocks, primarily Saudi Aramco and Al Rajhi Bank, amid cautious trading and investors awaiting liquidity trends at the beginning of the week.

According to market data, the trading volume reached about 10.6 million shares, valued at approximately 204.4 million Riyals, distributed over more than 8,800 transactions, reflecting a relatively quiet start to the session.

Sector Performance

• Consumer Services: declined by about 0.77%.
• Long-term Goods: decreased by 0.25%.
• Transport Sector: fell by approximately 0.64%.
• Commercial and Professional Services: a slight decline of about 0.15%.
  In contrast, the parallel market (Nomu) recorded a limited increase, while investment funds remained stable with no significant changes.

Leading Stocks

• Al Rajhi Bank: traded around 95.95 Riyals with slight selling pressure, making it one of the main factors affecting the index.
• Saudi Aramco: remained near 23.83 Riyals with a limited negative trend amid relatively active trading.
• National Commercial Bank: traded at 36.60 Riyals with a slight decline.
• SABIC: limited movements without significant price changes.
• Saudi Telecom Company (STC): relatively stable performance compared to other leading stocks.

Top Gainers at Session Start

• Nama Chemicals: up by about 5.6%.
• Canadian Medical Center: increased by approximately 4.8%.
• Sinomi Retail: gained by about 3.1%.
• Al-Andalus: up by approximately 2.5%.
• Specialized Medical Group: limited rise.

Biggest Decliners

• Ground Services: declined by about 3.3%.
• Attaa: down by approximately 3.1%.
• Sinomi Centers: fell by about 2.5%.
• Jamjoom Pharma: decreased by approximately 2.0%.
• Kimanol: slight decline.

The beginning of the Tadawul session reflects a cautious balance between pressures on leading stocks and selective speculative activities on some small and medium stocks, as investors await developments in global markets and interest rate trends in the upcoming period.