TASI Drops to 9,926 Points Amid Decline of 207 Companies

The main Saudi stock market index, TASI, closed today's session down 25.44 points, or 0.26%, at 9,926.62 points, amid a trading value reaching 4.1 billion riyals, according to the Saudi Press Agency's daily economic bulletin.

Trading volume reached 262 million shares, with shares of 60 companies rising against a decline in 207 companies. Shares of Marvelx, Saudi Kayan, Al Arabiya, Seera, and Advanced were among the top gainers, while Ladan, Watani Steel, Jaas, MEFIC REIT, and Sadaq topped the list of top losers.

Price fluctuations ranged between an increase of 9.48% and a drop of 8.54%. Ladan, Saudi Kayan, Alinma, Watani Steel, and Americana were the most traded by volume, while Al Rajhi, Alinma, Al Ahli, Alawwal, and Aramco topped the list of most traded by value.

The parallel market index, Nomu, closed down 270.67 points at 21,596.05 points, with a trading value exceeding 30 million riyals and over 4 million shares. The previous session's close at 9,952.06 points was the lowest since April 2021, while the index has declined 5.7% since the beginning of the year.

What do these terms mean?

TASI Index: The main index of the Saudi market, measuring the performance of a group of listed stocks and used to track general market trends.

Nomu Parallel Market: A separate market on the Saudi stock exchange for small and medium-sized enterprises, with lighter listing requirements than the main market.

Trading Value: The total financial amount for which shares were exchanged during the session, which differs from the number of traded shares.

Price Change: The percentage rise or fall of a stock's price compared to the previous session's close, used to measure a stock's performance in one day.