Riyadh, Saudi Arabia — The Saudi stock market July 21 session opened the week on a positive note, with the Tadawul All Share Index (TASI) gaining 16.46 points to close at 10,981.17. Gains in the banking and retail sectors drove the modest rise, while chemicals and telecom weighed on sentiment.

TASI Daily Report: Saudi Stock Market July 21 Snapshot

TASI fluctuated between a low of 10,932.33 and a high of 11,002.57, with trading volume exceeding 355 million shares. The total traded value stood at SAR 4.34 billion across nearly 493,000 transactions. Market capitalization settled at SAR 9.03 trillion.

 

Tadawul Top Gainers

  • SHL: +10.00% (SAR 23.87) – 2.45M shares
  • Salama Insurance: +5.58% (SAR 13.62) – 741K shares
  • Miahona: +5.23% (SAR 26.94) – 3.74M shares
  • Alamar: +5.17% (SAR 53.95) – 315K shares
  • Cenomi Retail: +4.92% (SAR 31.16) – 11.22M shares

 

Decliners

 

  • Sipchem: −5.69% (SAR 17.90) – 4.60M shares
  • Azm: −5.42% (SAR 28.60) – 521K shares
  • Alistithmar REIT: −4.92% (SAR 8.70) – 919K shares
  • Wafrah: −4.63% (SAR 27.20) – 212K shares
  • Riyadh Cables: −4.13% (SAR 130.00) – 219K shares

 

Most Active by Volume

 

  • TECO: 190.62M shares – +1.05%
  • Cenomi Retail: 11.22M shares – +4.92%
  • Americana: 6.85M shares – 1.35%
  • Saudi Aramco: 6.36M shares – 0.04%
  • BATIC: 5.81M shares – 1.69%

 

Most Active by Value

 

  • Al Rajhi Bank: SAR 364.77M – +1.59%
  • Cenomi Retail: SAR 328.40M – +4.92%
  • ACWA Power: SAR 226.61M – 1.78%
  • Mobily: SAR 204.47M – 2.82%
  • TECO: SAR 186.39M – +1.05%

 

Sector Watch: Retail, Banking Drive TASI Resilience

Retail and banking shares led the gains. Cenomi Retail continued its post-acquisition rally, while Al Rajhi Bank’s strength signaled ongoing optimism in the financial sector. In contrast, selling pressure in Sipchem and Mobily reflected caution in the chemicals and telecom sectors.

 

THE SAUDI STANDARD’S VIEW: TASI’s Upward Drift Reflects Sector Rotation and Investor Caution

The Saudi stock market’s July 21 performance—closing modestly higher by 16.46 points—signals a market in rotation rather than retreat. Gains in the retail and banking sectors, led by Cenomi Retail and Al Rajhi Bank, indicate selective investor confidence, even as pressure in the chemicals and telecom sectors underscores an earnings-driven landscape.

  • Cenomi Retail’s surge of 4.92% on SAR 328 million in value marks investor validation of the Al-Futtaim partnership and retail turnaround narrative.
  • Al Rajhi Bank’s 1.59% gain and top value rank affirm continued institutional support for banks amid stable net interest margins and dividend clarity.
  • Despite volume-heavy activity in speculative names like TECO, the index’s stability around the 11,000 mark reflects underlying resilience.
  • Chemicals remain under pressure, with Sipchem’s 5.69% decline reflecting both sectoral headwinds and company-specific challenges.

To decisively reclaim and sustain levels above 11,000, the market will require stronger breadth and leadership from index heavyweights. As Q2 earnings continue, investor focus will remain on top-line resilience and bottom-line efficiency, particularly in the energy, banking, and industrials sectors. Saudi Arabia’s capital markets remain anchored by institutional discipline and retail dynamism—both of which are vital to achieving long-term depth and success in reform.