TASI rises once again, showing a strong rebound with broad-based sector gains. The Tadawul All Share Index closed 1.29% higher. Overall, investor sentiment remained upbeat throughout the session.
Moreover, trading volumes were robust, hitting SR4 billion, equal to $1 billion. The market saw 225 stocks gain, while only 20 declined. This positive market breadth further boosted confidence among traders across all sectors.
In addition, the MSCI Tadawul 30 Index also moved higher. It advanced 1.16% to finish strong. Meanwhile, the Nomu parallel market ended the day up 0.80%.
Notably, Red Sea International Co. led the rally, soaring 9.97% to close at SR38.60. Following closely, Al-Rajhi Co. for Cooperative Insurance jumped 8.86% to SR113. National Gypsum Co. also performed well, climbing 7.61% to SR19.52.
Furthermore, other strong performers included Americana Restaurants International, which rose 6.86% to SR2.18. Likewise, Naseej International Trading Co. gained 6.53%, ending at SR78.30. These gains helped ensure TASI rises during the session.
However, not all companies posted gains. Sustained Infrastructure Holding Co. dropped 3.07% to SR25.30. Meanwhile, Alistithmar AREIC Diversified REIT Fund declined 1.58% to SR8.12. Similarly, Eastern Province Cement Co. slipped 1.17% to SR29.50.
Smaller losses also came from Knowledge Economic City and Saudi Industrial Investment Group. They closed down 0.92% and 0.71%, respectively.
On the corporate front, GO Telecom confirmed the finalization of a major acquisition. The firm acquired 51% of Ejad Tech for SR86.7 million. The company paid SR40 million upfront and will pay the remaining amount in two stages. Notably, the next installments are linked to future performance milestones.
GO Telecom said this move fits its broader strategy. It wants to expand its business scope and enter new markets. Importantly, Ejad Tech ranks among the top five digital transformation firms in the Middle East.
Thanks to these developments, TASI rises once again, showing market resilience and investor trust in Saudi Arabia’s growth outlook.
