TASI Declines 0.27% Amid Caution and Consumer Sector Gains

Riyadh | Saudi market data (Tadawul) confirmed today, Tuesday, that the main index 'TASI' closed at 10,514.33 points, registering a decline of 0.27% (28.67 points) compared to the previous close at 10,543.00 points. This performance occurred in a relatively quiet session, with losses dominating 172 stocks against a rise in only 78 stocks out of 264 listed, reflecting ongoing caution among investors amid global oil price fluctuations (Brent near $63 per barrel) and anticipation of third-quarter GDP data. The session recorded a trading volume of 118,248,224 shares with a total value of 2,245,189,467.79 Saudi Riyals, and a total market capitalization reaching 8,937,779.83 billion Riyals. Positives emerged in some consumer sectors, with the commercial and professional services sector rising by 1.30%, the durable goods and fashion sector by 0.72%, and the consumer services sector by 0.55%. In contrast, other sectors like energy and heavy industries faced slight pressures, limiting the overall recovery. Notable winning and losing stocks in the session focused on small and medium stocks in education and renewable energy sectors, while selling pressures prevailed on chemicals and transportation-related stocks.

Financial Analysis: Accurate updates and partial recovery signals based on direct verification of data from the official Tadawul website reflect today's close as a continuation of the slight downward trend that began on Monday (-0.63%). This decline is attributed to external factors such as pressures on oil prices and regional geopolitical concerns, in addition to the impact of new U.S. monetary policies. However, the analysis shows a stable price-to-earnings (P/E TTM) ratio around 22 times, with annual profit growth forecasts of 9% supported by Vision 2030, making the market attractive for long-term investment.

Key positives lie in the performance of consumer sectors, which rose between 0.55% and 1.30%, supported by investor confidence in the local economy and Qualified Foreign Investor (QFI) inflows amounting to 366.64 billion Riyals by the end of October (+10% year-on-year). New listings such as 'Sherry Trading' (4265) contributed to enhancing liquidity, with Tadawul aiming to list 80-100 new companies adding over 65 billion Riyals in capital.

Meanwhile, losses were concentrated in the chemicals sector (-0.88%) and transportation (-0.75%), indicating a need to monitor external fluctuations. Regarding your question about the accuracy of the previous news: yes, it accurately reflected the underlying facts based on the available data at that time (such as the slight decline, traded value around 2-3 billion Riyals, and positive sectors), with some minor discrepancies in the exact stock figures (like changing 'Al-Mahfaza for Education' to +14.53% in the latest releases). The current update confirms the general trend without substantial contradiction, highlighting the relative stability of heavy stocks like Aramco (2222) and Al-Rajhi (1120), which mitigated a larger collapse. The market is expected to open tomorrow, Wednesday, with the same cautious spirit, with eyes on the monetary policy committee meeting next week, which could push TASI towards 11,000 points by mid-2026. With a market capitalization of 9.67 trillion Riyals, Tadawul remains the largest market in the Middle East and ranks 11th globally, poised for growth with ongoing reforms.