TASI Opens Slightly Lower Amid Pressure on Aramco and Mixed Performance in Blue Chips

Riyadh | EcoPulse24

The Saudi stock market (Tadawul) began today's trading session with a slight decline, as the TASI index dropped by 0.07% to settle near 10,544.9 points in the opening minutes. This move was influenced by pressure on the energy sector and a drop in Saudi Aramco shares, while other leading stocks showed varied performance.

Aramco and Blue Chips:
Saudi Aramco (2222) fell at the session's start to 23.66 SAR, down about 0.38%, exerting significant pressure on the index amid active trading in the stock. In contrast, other blue chips such as Al Rajhi and Ma’aden remained among the most traded by value, reflecting ongoing liquidity concentration in heavyweight stocks within the Saudi market.

Top Gainers at the Open:
Several stocks posted strong gains at the session's start, most notably:
- Al Masar Al Shamal at 26.20 SAR (+9.99%)
- Shay at 26.10 SAR (+6.88%)
- Burgerizzr at 15.36 SAR (+5.21%)
Additionally, Al Majed for Oud and Saudi Cables showed positive moves.

Losers at the Open:
Some stocks saw limited declines at the open, including:
- Dirayah REIT at 5.38 SAR (-1.65%)
- Baazeem at 6.44 SAR (-1.53%)
- Tasheel at 156.50 SAR (-1.14%)
- BCI and Taiba also declined by less than 1.1%.

Energy Sector:
The energy sector showed mixed movements at the session's start:
- Aramco remained under pressure
- Petro Rabigh was steady near 7.07 SAR
- Arabian Drilling tended to decline
- ADES and Bahri recorded limited gains

Investors are monitoring liquidity trends and blue-chip movements for the remainder of the session to determine whether the initial decline will persist or shift into a gradual rebound.