Riyadh, Saudi Arabia — The TASI daily report June 23 highlights a strong rebound in the Saudi stock market, with the index climbing 135.97 points to close at 10,710.24. Gains were driven by broad-based buying in financials, real estate, and speculative names, signaling renewed investor confidence after recent low-liquidity sessions.

TASI Daily Report June 23: Market Activity Snapshot

TASI opened at 10,587.63, touched an intraday high of 10,712.18, and dipped to a low of 10,587.09 before closing near its peak. A total of 255 companies were traded, with 229.5 million shares changing hands across 443,005 transactions. Total traded value improved modestly to SAR 4.05 billion, while market capitalization rose to SAR 9.06 trillion.

Sector Highlights in the TASI Index June 23 Update

Top Gainers:

  • Red Sea: +9.97% (SAR 38.60) – 690K shares
  • Al Rajhi Takaful: +8.86% (SAR 113.00) – 621K shares
  • NGC: +7.61% (SAR 19.52) – 293K shares
  • Americana: +6.86% (SAR 2.18) – 44.19M shares
  • Naseej: +6.53% (SAR 78.30) – 273K shares

Losers:

  • SISCO Holding: −3.07% (SAR 25.30) – 989K shares
  • Alistithmar REIT: −1.58% (SAR 8.12) – 1.47M shares
  • EPCCO: −1.17% (SAR 29.50) – 311K shares
  • KEC: −0.92% (SAR 12.86) – 261K shares
  • SIIG: −0.71% (SAR 16.70) – 347K shares

 

Tadawul Trading Volume and Value: June 23 Market Leaders

By Volume:

  • Americana: 44.19M shares – +6.86% (SAR 2.18)
  • TECO: 14.22M shares – 0.00% (SAR 0.73)
  • Chemical: 14.10M shares – +2.56% (SAR 6.40)
  • Saudi Aramco: 11.64M shares – −0.32% (SAR 24.74)
  • Al Baha: 8.90M shares – +3.45% (SAR 3.30)

By Value:

  • Saudi Aramco: SAR 288.6M – −0.32%
  • Flynas: SAR 232.3M – +0.13% (SAR 74.30)
  • Al Rajhi Bank: SAR 187.0M – +1.55% (SAR 91.50)
  • Alinma Bank: SAR 152.0M – +0.59% (SAR 25.50)
  • SNB: SAR 106.6M – +1.48% (SAR 34.20)

 

Day‑Over‑Day TASI Comparison: Technical Rebound Lifts Sentiment

After three sessions of choppy trade and liquidity concerns, the index surged by 135.97 points on June 23 to close at 10,710.24. Trading value improved by nearly 9% to SAR 4.05 billion, reflecting a renewed appetite for speculative and financial names. Notably, substantial gains in Red Sea, Al Rajhi Takaful, and Americana suggest traders are rotating back into high-beta sectors. However, activity remained concentrated, with large caps like Saudi Aramco still subdued, signaling selective conviction rather than a broad risk-on shift.

 

 

The Saudi Standard’s View: Sentiment Recovers, But Breadth Still Narrow

The TASI daily report on June 23 reflects a welcome rebound driven by speculative rotation and a renewed focus on the insurance, real estate, and retail-linked names. Gains in the Red Sea and Al Rajhi Takaful, alongside stability in banking heavyweights, suggest early signs of confidence returning to the market.

Even so, participation was concentrated on familiar names. The muted performance of defensive and energy-linked stocks highlights lingering caution beneath the surface. For this rally to gain credibility, broader sector engagement and sustained growth in turnover will be critical in the days ahead.

While today’s advance breaks the recent consolidation, traders remain focused on oil prices, macro signals, and external developments that could influence near-term risk appetite.

 

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