Saudi stocks declined for the second consecutive session, with losses widening at the highest pace in two weeks under pressure from most companies, led by banking stocks. The TASI index closed at 10,716 points, losing 0.8%, while trading values increased.

The index opened at 10,806 points and recorded a slight rise at the start of the session before losing momentum and heading downward. The lowest level during trading was 10,703 points, then it trimmed a limited part of its losses, but closed only about 12 points above its daily low, reflecting continued selling pressure until the end of the session.

Trading value rose to about 4.45 billion riyals, an increase of 11% from the previous session. Declining stocks accounted for about 2.69 billion riyals, representing 60% of total trading, compared to 1.70 billion riyals for advancing stocks, equivalent to 38%.

Market components showed declines in shares of 186 companies, compared to gains in 74 companies, while the rest of the stocks remained unchanged. This represents a negative shift compared to Monday's session, when the number of advancing and declining companies were equal at 130 each.

The proportion of declining companies reached about 68% of total stocks, compared to 27% for advancing companies, equivalent to more than two and a half decliners for every gainer. The average stock change was negative 0.46%, while the median performance was negative 0.57%, confirming that the decline was broad-based and not limited to a few heavyweight companies.

From a technical perspective, the market approached the support level at 10,675 points, which may see buying attempts that limit the extent of the decline. On the other hand, the financial side of companies has not yet become clear due to the waning of corporate announcements of second-quarter financial results, which are among the key drivers of the market.

Tue, 14 2026

TASI

Mon, 13 2026

Banks Lead the Pressure

The banking sector topped the list of declining sectors, with its index falling 1.9%, amid trading volumes of 838.2 million riyals, representing about 18.9% of total market liquidity. The decline included all listed banks, led by BSF, which fell 3.9%.

The collective decline in banking stocks explains a major part of the index's losses, especially as sector trading rose about 19% compared to the previous session, while recording a net negative cash flow exceeding 218 million riyals.

Thu, 09 2026

Energy Limits Losses

In contrast, the energy sector rose 1.3%, recording the best performance among sectors, supported by a 1.4% rise in Saudi Aramco shares to 26.86 riyals, with trading on the stock reaching 362.6 million riyals.

Energy sector trading reached about 592 million riyals, representing 13.3% of market liquidity. Aramco's rise helped limit the index's losses, which could have been wider given the collective decline in banking stocks and most major sectors.

Sat, 04 2026

Selective Movements in Food and Poultry Stocks

The session saw continued selective movements in a number of stocks related to the food and poultry sectors, as Intaj shares hit the upper limit for the second consecutive session, while Tanmya rose 2.2%, Almanjam 3.6%, and Almarai 0.17%.

However, these gains were not enough to push the food production sector index higher, as it closed down 0.50%, affected by a decline in Savola Group shares by 3.64% and Nadec by 2.04%, along with a decline in several other sector companies.

The performance divergence indicates that the movements in food stocks did not represent a comprehensive sector-wide rally, but rather concentrated in specific companies, amid differing investor expectations regarding supply, prices, and food security.