"TASI" Declines for Second Session Under Pressure from Most Companies

Ahmed Al-Rashid from Riyadh

Sunday, July 5, 2026 19:28 | 1 minute read

Saudi stocks declined for the second session, but carried broader signals in terms of the spread of declines and lower activity. The TASI index closed at 10,799 points, down 0.3%.

Trading value fell to 3 billion riyals, a drop of approximately 30%. Thus, the price decline coincided with a clear decrease in activity, not with a high-value selling wave.

The MT30 index declined by only about 0.2%, showing that the pressure on TASI was not limited to large companies but extended to a broader range within the market. The general index also closed below its 200-day simple moving average by approximately 2.2%, keeping the overall technical reading cautious unless price momentum and liquidity improve in the coming sessions.

Sun, 05 2026

TASI

Sat, 04 2026

Declining stocks account for half of trading value

Trading data showed that declining stocks accounted for about half of the trading value, while the rest was distributed between gainers and stable stocks, with most in the former. This composition reflects that the pressure was broader in terms of spread, not concentrated heavily on the liquidity side only.

Sector-wise, red dominated the market, with 16 sectors declining versus 6 advancing. The food production sector led the declines with a drop of 2.4%. In contrast, some sectors posted limited positive performance, as the long-term goods sector rose 0.84%. From a sector liquidity perspective, the banking sector led trading with a value of 391 million riyals, equivalent to 13% of total market liquidity.

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