Riyadh, Saudi Arabia — The TASI daily report for June 18 shows continued downward pressure on the Saudi stock market, with the index declining 1.15% to close at 10,591.13. This marks the second consecutive session of losses, driven by sharp declines in consumer, education, and insurance stocks despite a notable surge in market turnover.
TASI Daily Report June 18: Market Activity Snapshot
TASI opened at 10,675.71, reached an intraday high of 10,678.74, and fell to a low of 10,572.48 before closing near session lows. The trading activity involved 255 companies, with 229.9 million shares exchanged through 615,550 transactions. The total traded value rose significantly to SAR 6.23 billion, while market capitalization declined to SAR 9.05 trillion.
Sector Highlights in the TASI Daily Report June 18
Top Gainers:
- BAAN: +1.60% (SAR 1.90) – 4.78M shares
- Advanced: +1.26% (SAR 28.10) – 231K shares
- Dallah Health: +1.05% (SAR 115.40) – 45K shares
- Naseej: +0.94% (SAR 74.90) – 265K shares
- Tadawul Group: +0.87% (SAR 162.00) – 83K shares
Top Losers:
- NCLE: −7.53% (SAR 140.00) – 128K shares
- Farm Superstores: −7.04% (SAR 15.32) – 311K shares
- ATAA: −5.85% (SAR 61.20) – 64K shares
- APC: −5.46% (SAR 5.54) – 5.41M shares
- Saudi Re: −5.13% (SAR 42.55) – 902K shares
Tadawul Index June 18: Most Active Stocks by Volume and Value
By Volume:
- Flynas: 27.7M shares – −3.38% (SAR 77.30)
- Americana: 24.2M shares – −1.00% (SAR 1.99)
- TECO: 13.5M shares – −1.39% (SAR 0.71)
- Saudi Aramco: 11.5M shares – −0.32% (SAR 24.90)
- Al Baha: 8.6M shares – −3.40% (SAR 3.13)
By Value:
- Flynas: SAR 2.19B – −3.38%
- Saudi Aramco: SAR 284.4M – −0.32%
- Al Rajhi Bank: SAR 154.9M – −0.22% (SAR 91.50)
- SNB: SAR 150.6M – −0.43% (SAR 34.35)
- SABIC Agri-Nutrients: SAR 122.4M – −0.74% (SAR 108.00)
Day-Over-Day TASI Comparison: Risk-Off Sentiment Continues
On June 18, the TASI shed another 122.69 points following its 153-point loss the previous day, settling at 10,591.13. While market turnover increased to SAR 6.23 billion, the share volume decreased to 229.9 million, indicating higher-value institutional trades amid retail investors’ hesitation. The decline in leadership stocks, such as NCLE, ATAA, and Saudi Re, suggests a continued investor flight from risk. Gains were minimal to defensive names, reinforcing the market’s cautious tone.
The Saudi Standard’s View: Selling Pressure Builds Despite Liquidity Uptick
The June 18 TASI daily report portrays a market under continued pressure, with investors opting for a defensive posture amid macroeconomic uncertainty. Despite a significant rise in value traded, the index slipped to its lowest level in weeks, indicating a concentration of activity in Flynas that suggests heavy institutional repositioning or large block transactions.
Losses in education, retail, and insurance names reflect specific sectoral stress, possibly tied to valuation concerns or lower earnings visibility. The limited list of gainers—mostly in defensive or low-volatility sectors—underscores a risk-off environment.
With the TASI now having shed nearly 276 points over two days, the path ahead may hinge on external macro developments, oil price signals, or interim dividend announcements. Until then, the market remains vulnerable to further pressure despite underlying liquidity support.
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