Riyadh, October 20, 2024 – The Saudi Stock Exchange (Tadawul) saw its main index end trading on a slightly negative note today, as the market lost 24.50 points to close at 11,882.93 points. This downward movement reflects ongoing market fluctuations and investor sentiment as traders adjust their positions amid broader economic conditions.
The total value of trades executed on the main market was reported at SAR 4.4 billion, signaling steady activity despite the index’s modest decline. Investors remain cautiously optimistic, keeping a close eye on both local and international factors that could influence market performance in the coming days.
In contrast, the Saudi Parallel Market (NOMU) posted a positive outcome, gaining 352.19 points to close at 26,557.84 points. NOMU, which caters to smaller and developing companies, showed significant strength today, with a total trading value of SAR 88 million. The surge in the parallel market index underscores investor confidence in emerging sectors and companies that are actively traded on the NOMU platform.
The total number of shares traded across both markets reached 7 million, indicating robust engagement from market participants. While the main index experienced a dip, the positive performance of the NOMU market highlights the dynamic nature of Saudi Arabia’s evolving stock exchange landscape.
