Riyadh, Saudi Arabia — The Saudi stock market extended its losing streak on July 17, with the Tadawul All Share Index (TASI) dropping 31.76 points to close at 11,006.98. The decline was led by pressure from large-cap stocks, particularly Saudi Aramco, despite rebounds in select real estate and REIT shares.

Saudi Stock Market July 17: TASI Daily Performance and Trading Snapshot

The index opened at 11,033.02 and fluctuated between a high of 11,042.01 and a low of 10,977.62. Total trading activity covered 255.76 million shares across 469,483 deals. The traded value reached SAR 4.20 billion, while the overall market capitalization dropped to SAR 9.04 trillion.

Market activity on July 17 reflected mixed sentiment, with institutional selling in large caps offset by interest in mid-cap REITs and insurance names.

 

Saudi Stock Market July 17: Top Gainers and Losers in Tadawul

 

Top gainers included:

 

  • Liva Insurance: +9.94% (SAR 13.93)
  • Emaar EC: +5.15% (SAR 13.69)
  • Alistithmar REIT: +4.57% (SAR 9.15)
  • SICO Saudi REIT: +3.95% (SAR 4.47)
  • SIIG: +2.97% (SAR 17.66)

 

Losers:

 

  • TECO: −6.45% (SAR 0.87)
  • Alamar: −2.60% (SAR 52.40)
  • AlRajhi Takaful: −2.57% (SAR 121.10)
  • SISCO Holding: −2.51% (SAR 34.20)
  • AWPT: −2.48% (SAR 133.80)

Most Active Tadawul Stocks by Volume and Value

 

By volume:

 

  • TECO (76.22M shares)
  • Americana (20.10M shares)
  • Saudi Aramco (14.86M shares)
  • BATIC (6.64M shares)
  • Chemical (6.16M shares)

 

By value:

 

  • Saudi Aramco (SAR 359.42M)
  • Al Rajhi Bank (SAR 256.43M)
  • SNB (SAR 208.76M)
  • SABIC Agri-Nutrients (SAR 141.94M)
  • ACWA Power (SAR 126.62M)

 

Investor Sentiment: Mixed Outlook as Saudi REIT Stocks Rise

The July 17 session marked a 0.29% decline for TASI, bringing it dangerously close to the psychologically significant 11,000-point threshold. Continued pressure on large caps, such as Saudi Aramco, SNB, and Al Rajhi, suggests limited buying interest, even as REITs and select industrials, like SIIG, offered some counterbalance.

 

 

THE SAUDI STANDARD’S VIEW: TASI Stability Depends on Blue-Chip Recovery and Macro Clarity

The July 17 Tadawul performance—marked by a 31-point drop and a close just above the 11,000 threshold—reflects a critical juncture for Saudi equities. While select REITs and insurance companies provided upward momentum, pressure on large-cap stocks, particularly in the energy and banking sectors, continues to define market sentiment.

  • Signals underlying fragility in large-cap sectors: Declines in Saudi Aramco, SNB, and Al Rajhi suggest a cautious institutional stance, possibly driven by profit-taking, global macro uncertainty, or rebalancing ahead of earnings.
  • Defensive flows highlight investor caution: Gains in REITs and insurance—especially Liva Insurance’s near 10% surge—suggest a pivot toward yield and defensive positioning, rather than outright risk appetite.
  • Volume strength, but divergent leadership: The market remains active, with over 255 million shares traded, yet leadership remains fragmented. TECO led volumes despite steep losses, indicating speculative churn rather than long-term conviction.
  • Macro and earnings season may determine the next direction: With TASI hovering at the psychological 11,000 level, upcoming macroeconomic signals and Q2 corporate earnings will be decisive in either confirming support or triggering a deeper correction.

The market’s resilience will depend on renewed participation from heavyweight sectors. Saudi Arabia’s robust economic fundamentals and strategic reforms remain a long-term anchor; however, near-term clarity from financial and energy bellwethers will be necessary to restore market momentum.

 

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