"TASI" rises for the second session at a higher pace supported by "ACWA"

* Ahmed Al-Rashid

Tuesday, July 7, 2026 18:37 | 1 minute read

Saudi stocks rose for the second session at an increasing pace, supported by leading stocks, topped by "ACWA Power", as the TASI index closed at 10,852 points, up 0.4%. The close was at the highest level recorded during the session, indicating an improvement in the price trajectory in the latter part of trading.

The index remains below its 200-day simple moving average by approximately 1.7% from the current closing level. Therefore, monitoring the market's ability to expand the upward base and increase liquidity above its previous averages remains an important factor in assessing the strength of the movement in the coming sessions.

Liquidity was relatively supportive of the index's movement, as trading value rose to 4.3 billion riyals, compared to 3.80 billion riyals in the session on July 6, an increase of approximately 13%.

Sat, 04 2026

TASI

The index's rise relied on the improvement of influential stocks

In terms of market breadth, 111 companies rose, compared to 127 that declined, and the rest remained stable. This shows that the index's rise relied to a greater extent on the improvement of influential and heavyweight stocks, not on a broad rise across most of the market.

Tue, 30 2026

Sector-wise, 13 sectors rose, the rest declined, and the energy sector stabilized unchanged. The utilities sector led the gains, rising 2.3%. In contrast, the media and entertainment sector was the most declining, down 0.8%. In terms of sector liquidity, the basic materials sector accounted for the largest trading value at approximately 803.8 million riyals.

Tue, 30 2026

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