Saudi Stock Market Rises as TASI Surpasses 11,000 Points


Riyadh, Saudi Arabia — The Saudi stock market rallied on Wednesday, as the benchmark Tadawul All Share Index (TASI) closed above the 11,000-point mark. Specifically, the market gained 1.17%, or 127.58 points, ending the day at 11,052.76.

Trading activity remained strong. In total, over 174.2 million shares were exchanged in more than 453,900 transactions. Moreover, the total value of trades reached SAR 4.58 billion.

Technology and Capital Goods Lead Gains

Among the sectors, most ended the session in positive territory. Notably, technology applications and services led with a 2.05% rise. This was followed by capital goods at 1.77%. However, the only sector to decline was utilities, which fell by 0.83%.

Top Gainers and Losers

The session’s top-performing stocks included:

  • Cenomi Retail (+5.77%)

  • Ataa (+5.46%)

  • Kingdom Holding (+5.22%)

  • AlMowasat (+4.90%)

  • Saudi Group (+4.46%)

In contrast, the biggest decliners were:

  • UCIC (–4.57%)

  • Banan (–2.40%)

  • Nama Chemicals (–1.78%)

  • Retal (–1.53%)

  • United Cooperative Insurance (–1.47%)

Strong Showing from Blue-Chip Stocks

Meanwhile, several blue-chip stocks posted solid gains. For instance, Aramco rose 1.60%, Petro Rabigh gained 1.65%, and Bahri climbed 2.15%. Additionally, other notable performers included:

  • Astra Industrial (+1.96%)

  • Shaker (+3.12%)

  • Bawan (+3.13%)

  • Saudi Ceramics (+2.92%)

  • SISCO Holding (+2.67%)

  • Budget Saudi (+2.94%)

  • Al Rajhi Bank (+2.42%)

  • Arab National Bank (+2.00%)

Parallel Market Posts Solid Gains

Elsewhere, the parallel market, Nomu, also advanced. It closed up 1.28%, or 340.91 points, ending the day at 26,932.95. In fact, the value of trades in Nomu exceeded SAR 20.1 million.

By the end of the session, 202 out of 254 listed companies recorded gains, while only 44 saw declines.