Saudi Stock Market Slips as TASI Falls 0.6%, While Select Mid-Caps Lead Gains

The Saudi stock market closed lower today, with the Tadawul All Share Index (TASI) dropping around 0.6% to nearly 10,780 points, pressured by broad declines across major sectors and weak intraday momentum.

Despite the overall market weakness, several stocks recorded notable gains. AMAK led the market with a strong 7.95% jump, followed by BONYAN REIT rising 4.87%. TALEEM REIT and NAHDI also advanced by more than 2%, reflecting selective buying interest in the REIT and retail sectors.

On the downside, TADAWUL GROUP topped the losers with a sharp 4.48% decline, while ALMAJED OUD, ATAA, ARDCO, and SPIMACO all fell between 3% and 4%, contributing to the downward pressure on the index.

Sector-wise, Consumer Services, Transportation, and Consumer Durables & Apparel all slipped more than 1%, limiting the market’s ability to recover during the trading session.

Although the broader sentiment remains cautious, trading patterns indicate continued selective accumulation in specific mid-cap names, particularly within mining and REITs.