Saudi stock market July 23: TASI rebounds 141 pts on broad rally

Riyadh, Saudi Arabia — The Saudi stock market rebounded sharply on July 23, with the Tadawul All Share Index (TASI) climbing 140.73 points to close at 10,983.93, marking a 1.30% gain. The bounce came after a sharp sell-off the previous day, fueled by renewed investor appetite across large caps and speculative stocks.

TASI Daily Report July 23: Market Snapshot

TASI opened at 10,844.31 and traded within a broad range, reaching a low of 10,831.35 before surging to the day’s high of 10,983.93 by close. Trading activity remained robust, with volume exceeding 564 million shares and value topping SAR 5.34 billion across 494,675 trades. Market capitalization recovered to SAR 9.05 trillion.

Top Gainers:

Sport Clubs: +18.60% (SAR 11.03) – 81.57M shares
MESC: +7.56% (SAR 33.56) – 992K shares
TECO: +5.88% (SAR 1.08) – 299.08M shares
Etihad Etisalat (Mobily): +5.42% (SAR 59.30) – 1.45M shares
Maadaniyah: +5.35% (SAR 16.94) – 593K shares

Losers:

SICO Saudi REIT: −5.13% (SAR 4.07) – 933K shares
Obeikan Glass: −3.22% (SAR 34.84) – 150K shares
AZM: −3.21% (SAR 26.50) – 160K shares
Salama: −2.40% (SAR 13.44) – 731K shares
NCLE: −2.11% (SAR 162.50) – 18K shares

Tadawul Most Active Stocks July 23

By Volume:

TECO: 299.08M shares – +5.88% (SAR 1.08)
Sport Clubs: 81.57M shares – +18.60% (SAR 11.03)
Saudi Aramco: 19.85M shares – +0.92% (SAR 24.21)
Americana: 14.53M shares – +1.85% (SAR 2.20)
SNB: 7.38M shares – +2.34% (SAR 36.74)

By Value:

Sport Clubs: SAR 883.92M – +18.60% (SAR 11.03)
Saudi Aramco: SAR 478.95M – +0.92% (SAR 24.21)
Al Rajhi Bank: SAR 317.03M – +1.05% (SAR 96.00)
TECO: SAR 313.94M – +5.88% (SAR 1.08)
SNB: SAR 269.15M – +2.34% (SAR 36.74)

Sector Momentum and Key Trends

Speculative enthusiasm remained high, with Sport Clubs hitting the upper limit for a second consecutive session. TECO continued to dominate retail trading, while Mobily and SNB contributed to the strength of blue-chip stocks. A broad rebound in financials and telecom helped stabilize sentiment.

THE SAUDI STANDARD’S VIEW: Market Resilience Signals Investor Confidence in Economic Fundamentals

The sharp rebound of the Tadawul All Share Index (TASI) on July 23—rising 1.3% and recovering nearly all losses from the previous session—underscores the robustness of Saudi Arabia’s capital markets and the enduring investor confidence in the Kingdom’s economic trajectory.

Financial and Telecom Anchors: Blue-chip names such as Mobily and SNB played a decisive role in stabilizing the index, reflecting the continued strength of Saudi Arabia’s banking and telecom sectors, which remain pillars of Vision 2030’s financial and digital transformation agendas.
Retail Momentum, Institutional Depth: The surge in speculative names, such as Sport Clubs and TECO, reveals active retail participation, while value flows into large-cap stocks reinforces institutional interest. This balance is a positive indicator of market liquidity and diversity in investor base.
Robust Market Infrastructure: With over 564 million shares traded and a value exceeding SAR 5.3 billion, the session affirms the depth of Saudi financial markets and the operational maturity of Tadawul as a platform capable of absorbing volatility and attracting recurring capital flows.
Underlying Economic Stability: The rapid rebound reflects broader investor confidence in Saudi Arabia’s macroeconomic fundamentals, supported by fiscal discipline, strategic investments, and regulatory clarity across sectors.

This episode validates the strength of Vision 2030 reforms in anchoring capital market resilience. As the Kingdom progresses toward becoming a regional investment hub, such recoveries are not only reassuring—they are foundational to building long-term investor trust in Saudi economic leadership.

Saudi stock market July 23