Saudi Stocks Close Above 11,000 Points as Aramco and ACWA Power Support Gains

Riyadh | EcoPulse24

Saudi Arabia's benchmark TASI Index closed higher on Thursday, rising 0.27% to finish at 11,042.02 points, extending its hold above the 11,000-point level as gains in energy and utility-related stocks helped support broader market sentiment.

Trading activity remained solid, with total turnover reaching SAR 4.91 billion, while trading volume stood at 214.1 million shares. The market capitalization of listed companies remained around SAR 9.72 trillion.

Market breadth also improved during the session, with 141 stocks advancing compared with 112 declining, reflecting a relatively broad-based recovery across sectors.

Al Rajhi and Aramco Lead Market Activity

Al Rajhi Bank topped the market in terms of traded value, attracting approximately SAR 513 million in turnover and closing slightly higher at SAR 66.90, up 0.15%.

Saudi Aramco followed with SAR 476.7 million in traded value, rising 0.44% to SAR 27.18 as investors continued to monitor developments in global energy markets and oil prices.

Meanwhile, ACWA Power gained 1.42% to close at SAR 199.50, supported by trading value of nearly SAR 157 million.

Mixed Performance Among Heavyweights

While several market leaders advanced, some large-cap stocks weighed on sentiment.

Saudi Industrial Investments (SIIG) declined 1.65% to SAR 34.58, despite generating more than SAR 205 million in turnover.

Saudi National Bank (SNB) also edged lower by 0.15% to SAR 40.08.

However, gains in energy and infrastructure-related names helped offset weakness elsewhere in the market.

Most Active Stocks by Value Traded

Together, these five stocks accounted for more than 30% of total market turnover during the session.

Top Gainers on TASI

Kingdom Holding and East Pipes Among Standout Performers

Several mid-cap stocks recorded strong gains during the session.

Kingdom Holding Company advanced 6.03% to SAR 14.42, supported by trading value approaching SAR 99 million.

East Pipes Integrated rose 5.71% to SAR 218.50, while Saudi Cable Company jumped 9.43%, ranking among the session's strongest performers.

Leva led the market's gainers list with a rise of nearly 10%, reflecting renewed buying interest in selected smaller-cap stocks.

EcoPulse24 Analysis

Thursday's session highlighted improving investor sentiment within the Saudi market, supported by positive market breadth and continued activity in major energy and banking stocks.

The combination of gains in Saudi Aramco, ACWA Power, and several mid-cap names suggests investors remain willing to add exposure despite ongoing uncertainty surrounding global interest rates and geopolitical developments.

Perhaps the most encouraging signal came from market breadth. With advancing stocks outnumbering decliners, gains were not limited to a handful of heavyweight companies but extended across multiple sectors.

The ability of TASI to maintain levels above 11,000 points while attracting nearly SAR 5 billion in trading value may reinforce confidence that investor appetite remains resilient as markets continue to assess the outlook for oil prices, global monetary policy and regional economic growth.