TASI Drops to 10,402 Points Amid Broad-Based Selling Pressure in the Saudi Market

Riyadh | EcoPulse24

The Saudi stock market moved into negative territory during Thursday's session on January 8, 2026, with the TASI index dropping to 10,402.90 points at 10:42 am, a decrease of 52.24 points or 0.50%. This signals a cooling in momentum after a previous rally, as declines widened across most listed companies.

Market data indicates the pressure was broad, not limited to specific stocks: 216 companies declined, 43 advanced, and 7 remained unchanged, reflecting a general selling trend across sectors. Despite the widespread drop, liquidity remained relatively limited given the breadth of the decline, with a trading value of SAR 621.2 million, 37.7 million shares traded, and 68,901 transactions recorded at the time of reporting.

Key index movements:
- MT30 fell to 1,385.79 points (-0.48%), indicating weak performance among large caps.
- In the parallel market (Nomu), the NOMUC index dropped to 23,451.24 points (-0.17%), with trades totaling SAR 2.85 million across 357 deals.
- The Sukuk Index (TSBI) was stable at 920.98 points, with trades of SAR 430,000.

Sector-wise, defensive/selective stocks led the gainers, while leading shares, particularly in petrochemicals and other liquid heavyweights, faced notable pressure. The market action suggests a phase of profit-taking and repositioning after recent gains, rather than panic selling or major liquidity outflows. The limited number of leading stocks among the most traded by value hints that the pressure stemmed from influential names, while gains remained selective.

Market summary (as of 10:42 am):
- TASI: 10,402.90 points (-0.50%)
- Traded value: SAR 621.2 million
- Traded volume: 37.7 million shares
- Number of deals: 68,901
- Advancers/Decliners: 43/216 (Unchanged: 7)

Top Gainers (by price):
- Bahri (+4.20%)
- Chubb (+3.21%)
- Alistithmar REIT (+2.57%)
- Saderat (+1.89%)
- Elm (+1.69%)

Top Losers (by price):
- SABIC (-3.89%)
- Redan (-3.67%)
- Alujain (-3.25%)
- Saudi Group (-2.95%)
- Tadawul Group (-2.88%)

Most Active by Volume:
- Saderat (5.37 million shares)
- Americana (4.80 million shares)
- Batik (2.16 million shares)
- Darb Saudi (1.41 million shares)
- Chemical (1.41 million shares)

Most Active by Value:
- Al Ahli (SAR 52.99 million)
- SABIC (SAR 42.45 million)
- Tadawul Group (SAR 37.53 million)
- Alinma (SAR 32.42 million)
- Saudi Aramco (SAR 25.51 million)