TASI Weekly Performance: Saudi Stock Market Recap
The Saudi stock market concluded the week ending May 29, 2025, on a subdued note. The Tadawul All Share Index (TASI) closed at 10,990.41 points, marking a decline of 0.56% from the previous week’s close. For those monitoring TASI weekly performance, this downturn reflects broader global market volatility and investor caution, driven by fluctuating oil prices and geopolitical uncertainty.
Market Performance Overview
Throughout the week, TASI experienced fluctuations influenced by both local and global factors. The index opened at 11,097.28 points and reached a high of 11,107.76 before falling back. The total value of shares traded during the week reached SAR 27.66 billion. A total of 1.07 billion shares were traded through 2.36 million transactions, showcasing TASI’s weekly performance.
Sectoral Movements
The market showed mixed performance across different sectors:
Media and Entertainment: This sector led the gains with a rise of 2.98%, driven by positive earnings reports and growing investor confidence.
Consumer Discretionary Distribution & Retail: This sector increased by 2.18%, supported by higher consumer spending and retail optimism.
Capital Goods: Gained 1.85% thanks to infrastructure projects and strong government support.
Insurance: Rose by 1.59%, helped by better underwriting results and higher investment returns.
Utilities: Fell by 2.11% as regulatory changes and cost pressures weighed on the sector.
Energy: Dropped by 1.71%, reflecting the instability in global oil markets.
Software & Services: Declined by 2.89%, primarily due to profit-taking and sector-specific challenges.
Top Performers and Laggards
Among the top gainers:
East Pipes Integrated Company: Surged 7.83%, thanks to growing demand in infrastructure and positively impacting TASI’s weekly performance.
Saudi Reinsurance Company (Saudi Re): Jumped 9.31%, benefiting from a strong reinsurance environment.
Arabian Drilling Company: Increased by 5.12%, boosted by rising oil exploration activity.
On the other hand, top decliners included:
Elm Company: Dropped 4.23% as investors reassessed tech sector valuations.
ACWA Power: Fell 3.00% due to concerns about delays and rising costs in ongoing projects.
National Building and Marketing Co.: Lost 4.73% following a slowdown in the construction sector.
Investor Sentiment and Outlook
Investor sentiment stayed cautious all week. While a recent U.S. trade court ruling blocking specific tariffs gave a short-term boost to global and regional markets, ongoing concerns remain. These include the possibility of oil supply disruptions, regional tensions, and new U.S. sanctions on energy exports.
Looking ahead, investors will closely monitor upcoming economic data, earnings reports, and geopolitical developments. The Saudi market’s performance will depend on how effectively it can address these challenges while expanding its non-oil sectors. This weekly performance review is especially important as the Kingdom continues to advance its Vision 2030 goals.
