Riyadh, Saudi Arabia — The Saudi stock market eased on July 8, with TASI dropping 51.39 points (0.45%) to close at 11,294.07. The Saudi stock market July 8 session reflected profit-taking across large-cap names, even as speculative interest remained strong.

Saudi Stock Market July 8: Market Activity Snapshot

TASI opened at 11,334.89, reached a high of 11,351.90, and hit a low of 11,275.79 before settling at 11,294.07. Traders executed 540,216 transactions across 256 companies. Total volume reached 466.7 million shares, valued at SAR 5.32 billion. The overall market capitalization decreased to SAR 9.35 trillion.

 

Tadawul Top Gainers and Losers on July 8

 

Top Gainers:

  • Cenomi Centers: +7.60% (SAR 21.10) – 8.13M shares
  • Arabian Drilling: +5.66% (SAR 88.70) – 850K shares
  • TECO: +5.49% (SAR 0.96) – 212.7M shares
  • Red Sea: +3.92% (SAR 49.34) – 1.93M shares
  • KEC: +3.82% (SAR 13.85) – 1.26M shares

Top Losers:

  • BAAN: −4.35% (SAR 2.42) – 7.16M shares
  • Cenomi Retail: −3.90% (SAR 28.08) – 4.35M shares
  • Riyadh Cables: −3.83% (SAR 140.80) – 326K shares
  • ACWA Power: −3.38% (SAR 257.00) – 557K shares
  • SIECO: −3.02% (SAR 2.25) – 3.66M shares

 

Saudi Stock Trading Volume and Value Leaders

 

By Volume:

  • TECO: 212.7M shares – +5.49%
  • BATIC: 38.5M shares – +2.07% (SAR 2.47)
  • Americana: 26.7M shares – 2.54% (SAR 2.30)
  • Saudi Aramco: 11.04M shares – +0.08% (SAR 25.10)
  • Al Baha: 9.92M shares – 1.69% (SAR 3.48)

By Value:

  • Saudi Aramco: SAR 276.9M – +0.08%
  • Al Rajhi Bank: SAR 238.5M – 0.21%
  • TECO: SAR 203.9M – +5.49%
  • Cenomi Centers: SAR 166.8M – +7.60%
  • SNB: SAR 166.0M – 0.54%

 

Saudi Market July 8: Rally Cool‑Off as Investors Lock In Gains

TASI eased 51.39 points, ending a five-day winning streak. Volume climbed, indicating continued speculative engagement. However, profit-clearing in names like ACWA Power and BAAN weighed on broader sentiment.

Day‑Over‑Day TASI Comparison: Rally Pause Investors Lock In Gains

TASI fell 51.39 points on July 8 to close at 11,294.07, breaking a five-session winning streak. Volume rose to 466.7 million shares, signaling continued interest in speculative stocks, but selling pressure in previous outperformers such as ACWA Power, Cenomi Retail, and BAAN weighed on the index.

 

 

The Saudi Standard’s View: Healthy Pullback in a Constructive Market

Today’s dip serves as a healthy market reset. Profit-taking in large caps and momentum stocks signals disciplined portfolio management, not panic.

Selling in ACWA Power and Cenomi Retail points to valuation sensitivity among heavyweight names. Yet the strong turnover in TECO, BATIC, and Cenomi Centers highlights sustained speculative conviction.

If TASI holds the 11,250 support level, the broader uptrend remains intact. Nevertheless, investors will likely await fresh triggers—such as corporate earnings, oil market movements, or macroeconomic data—to guide the next leg of the market.

 

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