Riyadh, Saudi Arabia — The TASI daily report for June 24 reflects a strong rally in the Saudi stock market. The index climbed 254.04 points to close at 10,964.28, marking its highest level in nearly a month. Gains were broad-based across banking, real estate, and speculative sectors. Furthermore, trading activity jumped significantly, supporting the bullish momentum.

TASI Daily Report June 24: Market Activity Snapshot

TASI opened at 10,883.79 and briefly dipped to 10,848.09. The index then surged to an intraday high and close of 10,964.28. Trading was active across 255 companies. Investors exchanged 435.5 million shares through 641,064 transactions. The total traded value rose sharply to SAR 8.48 billion. Market capitalization reached SAR 9.05 trillion.

Sector Highlights in the TASI Daily Report June 24

Top Gainers:

  • Red Sea: +9.97% (SAR 42.45) – 1.38M shares
  • Salama: +9.92% (SAR 13.52) – 892K shares
  • SISCO Holding: +9.88% (SAR 27.80) – 168K shares
  • Saudi German Health: +9.06% (SAR 55.40) – 1.14M shares
  • Abo Moati: +8.82% (SAR 37.00) – 473K shares

Losers:

  • SABIC Agri-Nutrients: −4.58% (SAR 104.20) – 1.97M shares
  • Saudi Aramco: −1.62% (SAR 24.34) – 36.52M shares
  • Taleem REIT: −0.85% (SAR 9.30) – 543K shares
  • Alistithmar REIT: −0.37% (SAR 8.09) – 1.03M shares
  • SABIC: −0.18% (SAR 54.80) – 3.52M shares

 

Tadawul Index June 24: Most Active Stocks by Volume and Value

By Volume:

  • Americana: 76.42M shares – +5.50% (SAR 2.30)
  • Saudi Aramco: 36.52M shares – −1.62% (SAR 24.34)
  • TECO: 25.49M shares – +8.22% (SAR 0.79)
  • Al Baha: 17.57M shares – +5.45% (SAR 3.48)
  • BATIC: 17.35M shares – +7.04% (SAR 2.28)

By Value:

  • Saudi Aramco: SAR 889.3M – −1.62%
  • Al Rajhi Bank: SAR 518.8M – +2.84% (SAR 94.10)
  • Flynas: SAR 434.6M – +6.59% (SAR 79.20)
  • SNB: SAR 346.2M – +3.22% (SAR 35.30)
  • Alinma Bank: SAR 339.9M – +5.10% (SAR 26.80)

 

Day‑Over‑Day TASI Comparison: Bullish Breakout with Growing Liquidity

The index surged 254.04 points on June 24, closing at 10,964.28. This marked a decisive breakout from the recent consolidation phase. Trading volume nearly doubled to 435.5 million shares, while value traded jumped to SAR 8.48 billion. Speculative favorites and banking leaders, including Red Sea, SISCO Holding, and Al Rajhi Bank drove the rally.

However, some blue chips, such as Aramco and SABIC, lagged, signaling caution in the energy and petrochemical segments. Still, broad participation across sectors indicates growing investor confidence.

 

 

The Saudi Standard’s View: Market Momentum Builds, but Risks Persist

The latest TASI daily report on June 24 signals renewed optimism in the Saudi stock market. Substantial turnover, technical breakouts, and participation across banking, real estate, and speculative sectors fueled the rally. The performance of Red Sea, SISCO Holding, and key banks suggests traders are increasingly confident.

However, declines in Saudi Aramco and SABIC Agri-Nutrients indicate that caution remains, especially in the energy and petrochemical sectors. Global demand concerns continue to weigh on those segments.

For this bullish trend to continue, broader participation in defensive sectors is essential. Liquidity must also stay elevated. The market now faces key resistance levels, which will test the strength of this breakout.

As traders assess oil prices, regional developments, and macroeconomic signals, the coming sessions will reveal whether this momentum is sustainable or vulnerable to profit-taking.

 

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