SRMED
Englishعربي
Englishعربي
The Saudi stock market's main index, the Tadawul All Share Index (TASI), closed higher on Sunday at 11,122 points, marking a modest gain of 0.1% amid mixed trading performance. Trading liquidity reached approximately 3.6 billion riyals, reflecting steady investor activity at the start of the week, as reported by Asharq Al-Awsat.
The session began with a slight dip, as the TASI fell 0.04% early on to 11,105.6 points, according to coverage from Asharq Al-Awsat. This initial softness gave way to a recovery by the close, highlighting the market's volatility during the day's proceedings. Such mixed movements are common in Saudi markets, influenced by sector-specific dynamics and broader economic signals.
Notable performers included Petro Rabigh, which surged 10%, providing a bright spot amid the uneven session, per Asharq Al-Awsat reports. This jump in the petrochemical giant underscores strength in energy-related stocks, even as other sectors lagged. Recent data from the Saudi Exchange confirms similar closing levels around 11,121.56 points with a 0.11% uptick, aligning closely with Sunday's outcome and showing the index trading within a daily range of roughly 11,072 to 11,146 points.
This performance matters for investors tracking the kingdom's $2.8 trillion market, the largest in the Middle East, as it signals resilience despite global uncertainties like oil price fluctuations and geopolitical tensions. Saudi Arabia's Vision 2030 reforms continue to draw foreign capital, with TASI's year-to-date gains hovering around 6% based on exchange data, benefiting local funds, retail traders, and international portfolios exposed to the region.
Looking ahead, market participants will watch upcoming earnings reports, oil benchmarks, and central bank policies for cues on sustained momentum. The Saudi Exchange's official indices page indicates over 335,000 trades in recent sessions, pointing to robust participation that could support further stability if economic indicators remain positive.