The Saudi Stock Exchange's main index, TASI, fell by 78.98 points to close at 12,182.20, with a total trading value of SAR 8 billion.
The Saudi Parallel Market Index (NOMU) also declined, losing 42.82 points to end at 26,391.09, with a trading volume of SAR 39 million.
Both indices reflect cautious investor sentiment amid varying economic conditions and market uncertainties.
Riyadh, August 27, 2024 — In today's trading session, the Saudi Stock Exchange witnessed a downturn as its main index closed in the red. The benchmark Tadawul All Share Index (TASI) dropped by 78.98 points, concluding the day at 12,182.20 points. The session saw considerable trading activity, with the total value of transactions reaching SAR 8 billion.
Meanwhile, the Saudi Parallel Market Index, known as NOMU, also experienced a decline. NOMU fell by 42.82 points, ending at 26,391.09 points. The market activity on NOMU was comparatively lighter, with the total trading volume recorded at SAR 39 million and approximately 2 million shares changing hands.
The drop in both indices reflects a cautious sentiment among investors, who continue to navigate through various economic signals and market conditions. The Tadawul and NOMU indices remain sensitive to both domestic and global economic developments, as well as fluctuations in oil prices, which continue to play a pivotal role in shaping investor expectations in the region.
As the market progresses, analysts and investors alike will keep a close watch on economic data releases and corporate earnings reports, which could provide further insights into the future trajectory of the Saudi stock market. The coming days will be crucial in determining whether today's downward trend marks a temporary correction or a more sustained adjustment.