Saudi Stock Market Declines by Over 1% Amid Broad Selling Pressure

The Main Market Index (TASI) ended today's trading with a significant decline, impacted by selling pressures across most leading sectors, in a session characterized by weak momentum and an increase in the number of declining stocks.

The general index recorded a drop of 1.19% closing at 10,588.83 points, with red dominating the performance of sectors and listed stocks.

Market Performance in Numbers

• Trading Value: 2.57 billion SAR
• Trading Volume: 141.7 million shares
• Number of Declining Stocks: 232 stocks
• Number of Advancing Stocks: 28 stocks
• Number of Listed Companies: 265 companies

Sectors Performance

All main sectors declined without exception, with the following drops:

• Transport Sector: 1.71%
• Durable Consumer Goods Sector: 1.68%
• Consumer Services Sector: 1.62%
• Commercial and Professional Services Sector: 1.15%

This reflects a state of broad selling pressure across the market.

Top Gainers

Despite the overall decline, some stocks recorded limited gains, including:

• Sports Clubs: +3.69% to 9.00 SAR
• Flynas: +2.55% to 72.30 SAR
• Tasnee: +2.13% to 10.09 SAR
• National: +1.92% to 13.30 SAR
• Gasco: +1.78% to 83.00 SAR

Top Losers

Conversely, several stocks led the declines:

• CGS: -6.61% to 8.90 SAR
• Cisco Holdings: -5.75% to 30.82 SAR
• Chubb: -5.72% to 22.40 SAR
• Arab Shield: -5.25% to 11.18 SAR
• Obekan Glass: -5.23% to 25.00 SAR

EcoPulse24 Analysis

Today's session reflects a clear state of caution among investors, amid simultaneous sector pressures and a lack of short-term incentives, with liquidity concentrated in a limited number of stocks, against a backdrop of widespread profit-taking across the majority of the market.