Riyadh, Saudi Arabia — The TASI weekly performance on July 3 reflects ongoing strength in the Saudi stock market, with the index gaining 1.59% to close at 11,244.45—its highest level since May. Improved sentiment, strong retail participation, and gains in mid-cap stocks fueled the rally.
TASI Weekly Performance July 3: Market Activity Snapshot
The TASI opened at 11,105.54, touched a low of 11,094.65, and climbed to a weekly high of 11,244.45. Trading remained strong, with 1.48 billion shares exchanged across 2.63 million transactions. The total traded value reached SAR 29.06 billion, while market capitalization rose to SAR 9.26 trillion, signaling an improvement in investor confidence.
Saudi Market Highlights: Sector Leaders and Laggards
Top Gainers:
- Cenomi Retail: +42.44%
- Baan: +21.53%
- Maadaniyah: +15.47%
- Naseej: +13.51%
- SIDC: +12.77%
Losers:
- ADES: –5.50%
- Alakaria: –5.22%
- SMC Healthcare: –5.18%
- Jabal Omar: –4.16%
- Elm: –4.12%
Most Active Stocks by Volume and Value
By Volume:
- Americana: 146.4M shares
- Baan: 95.2M
- TECO: 66.9M
- Saudi Aramco: 66.8M
- Chemical: 64.6M
By Value:
- Al Rajhi Bank: SAR 1.75B
- Saudi Aramco: SAR 1.63B
- SABIC: SAR 1.22B
- SNB: SAR 1.03B
- Cenomi Retail: SAR 1.03B
Week‑Over‑Week TASI Comparison: Market Extends Rally on Solid Volumes
Compared to the prior week’s close of 11,068.27, the index advanced 176.18 points. Trading volumes held steady near 1.5 billion shares, while turnover increased to SAR 29.06 billion from SAR 28.09 billion. Sustained liquidity, coupled with positive price action, indicates continued investor appetite for growth and mid-cap names.
The Saudi Standard’s View: TASI Weekly Performance July 3 Signals Momentum, But Caution Persists
The TASI weekly performance on July 3 reflects ongoing market strength, with the index climbing 1.59% to multi-week highs. Resilient turnover and steady volumes highlight improving participation. At the same time, strong gains in Cenomi Retail, Baan, and other mid-cap companies reveal a rising risk appetite.
However, mixed large-cap performance, with only modest moves in Aramco and Al Rajhi Bank, shows broader market conviction is still developing. Declines in defensive sectors, such as healthcare and real estate, signal potential pockets of weakness that investors should closely monitor.
While speculative enthusiasm is evident, particularly in retail stocks, volatility remains beneath the surface. The next test for the market will come from upcoming earnings and macro data, which will determine if this rally holds firm.
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