Here’s how TASI fared in Q1 2025

Tadawul trading screen 

Saudi Arabia’s Tadawul All Share Index (TASI) ended Q1 2025 slightly lower. It fell by 0.1%, or 12 points, to 12,025 compared to 12,037 in 2024, data compiled by Argaam showed. 

In the three-month period, listed companies disclosed their annual results for 2024. The market was hurt by the decline in global markets and the US President’s decision on imposing tariffs.

Other events that shaped Q1 2025 included the US Federal Reserve’s decision on holding interest rates steady for two consecutive meetings, with expectations of two potential rate cuts of 25 basis points each in the year.

Donald Trump has been officially inaugurated for a second term as US President.

Five companies—Masar’s operator Umm Al Qura for Development and Construction Co. (UQDC), Entaj, Derayah Financial, Nice One, and Almoosa Health —have been listed and started trading on the Saudi Exchange (Tadawul).

Moreover, the Ministry of Finance announced the actual budget for 2024, with expenditures amounting to SAR 1.37 trillion and revenues of SAR 1.25 trillion, implying in a deficit of SAR 115.6 billion.

Oil prices ranged between $68 and $82 in the first quarter of 2025.

Monthly performance:

In January, TASI surged 378 points, or 3.1%, but fell 2.4% and 0.7% in February and March, respectively.  

Sector Performance:

Seventeen market sectors closed out the first quarter in the red territory, while five ended in the green.

Media and entertainment led losing sectors, shedding 31%. Utilities and Insurance fell by 13% and 10%, respectively.

On the positive side, real estate management and development added 15% in the three-month period. Telecommunications and banks gained 13% and 8%, respectively.

Index performance

TASI hit its highest level in Q1 2025 at 12,536 points on Jan. 29, and recorded its highest close on Feb. 10 at 12,472 points.

On the other hand, it fell to its lowest level of 11,535 on March 11, and marked its lowest close of 11,705 points on March 12.

The highest traded value was recorded on Jan. 28 at 9.04 billion.

Meanwhile, March 23 recorded the lowest traded value at SAR 2.64 billion.

TASI Performance in Q1 2025

The Saudi benchmark index headed north in 29 out of 61 trading sessions in the first quarter of the year.

The biggest gain of 2.3% (264 points) was recorded on March 26, followed by 128 points on March 16.

TASI headed south in 32 sessions in Q1 2025, with the steepest drops on March 4 by 1.6% (192 points) and Feb. 27 by 1% (121 points).

Trading value:

Total trading value decreased by 37% in the three-month period to SAR 362.6 billion, compared to SAR 575.9 billion in Q1 2024.

January saw the highest trading value at about SAR 140.94 billion, as shown in the following table:

The number of transactions declined by 19% year-on-year (YoY) to SAR 28.33 million in Q1 2025.

Stock performance:

Compared to 2024-end, 65 stocks closed the first quarter on a positive note, while 163 finished in the red.

Top Losers

Saudi Research and Media Group was the biggest decliner, plunging 37%, followed by Anaam Holding (33%).

Top Gainers:

Dar Al Arkan Real Estate Development was the biggest riser, surging 42%. Al Mawarid came second, adding 32%, followed by Jabal Omar (27%).

*Stock price adjustments due to capital changes were factored in.

Blue chips performance:

Blue chips showed mixed performance. Saudi Aramco and SABIC dropped 5% each. ACWA Power tumbled 15%.

Meanwhile, Al Rajhi Bank and Saudi National Bank rose 8% and 6%, respectively. stc added 13%.

ACWA Power Co. was the top loser among blue chip stocks, slumping 37%.

Performance of newly listed companies:

UQDC, Entaj, Derayah Financial, Nice One, and Almoosa Health —were listed and started trading on Tadawul.

**Change compared to the possible trading price.

Performance of REITs:

Having demonstrated mixed performance, Alistithmar REIT was the top loser, sliding 23%. Jadwa REIT Al Haramain led gainers, adding 5%.