Riyadh — Monday, Nov. 17, 2025. Saudi Arabia’s Tadawul All Share Index (TASI) slipped for a second straight session on Monday, easing 0.12% to close at 11,039.36 after trading between 11,105.85 (high) and 11,034.68 (low). The modest drop followed Sunday’s sharper decline and came amid a busy day of corporate headlines and ex‑dividend moves on the Saudi Exchange.
Market snapshot
- Index close: 11,039.36, –0.12% day‑on‑day (Mon., Nov. 17).
- Intraday range: High 11,105.85 / Low 11,034.68.
- Breadth: At least 24 constituents hit fresh 52‑week lows during the session, underlining lingering downside pressure across select mid‑caps. Examples included SAPTCO, Al Akaria, Saudi Darb and TADCO.
- Context: Early trade was mixed across the Gulf as Brent drifted near $63.9/bbl and investors weighed US rate‑cut odds; Saudi stocks were up intraday before fading, with banks and energy‑services initially supportive, according to a mid‑session read.
What moved Saudi stocks today
Ex‑dividend pressure (Aramco, Aslak). The exchange confirmed Saudi Aramco (2222) and Aslak (1301) traded ex‑dividend today, a technical factor that typically trims price levels by the dividend amount on the ex‑date and can add fractional drag at the index level.
Energy services in focus (Arabian Drilling).Arabian Drilling (2381) announced four rig‑contract renewals with Saudi Aramco valued at more than SAR 2 billion, bolstering sentiment toward oilfield services even as crude traded softer. Shares outperformed earlier in the day on the news.
Brent, macro tone. Oil’s dip — Brent around $63.91 per barrel by mid‑morning GMT — and a cautious global rates backdrop helped cap upside across regional benchmarks, including Saudi Arabia. Markets are watching delayed US macro releases later this week for direction.
Corporate headlines on Tadawul (Nov. 17)
- Insurance consolidation: The Insurance Authority approved the merger of Saudi Enaya with Salama — another step in the sector’s ongoing consolidation cycle.
- REIT leasing wins:SICO Saudi REIT signed SAR 49.1 million in new leasing contracts covering three towers and retail space, supporting cash‑flow visibility for unitholders.
- ICT services:Al Moammar Information Systems (MIS) disclosed a SAR 190.5 million project award with the National Center for Meteorology (NCM), adding to the company’s public‑sector backlog.
- Cement exports:Al Jouf Cement inked a SAR 24.2 million deal to export cement to Syria, broadening its regional sales exposure.
- Capital markets infrastructure:Wamid — the technology arm of Saudi Tadawul Group — launched WAMID Newswire, a real‑time market‑intelligence service built with a global content partner, adding another tool for local investors and brokers.
- Brokerage funding:Derayah Financial (4084) secured a Shariah‑compliant SAR 500 millioncredit facility from Saudi National Bank, to support core brokerage operations and future growth initiatives.
Listings & IPO pipeline
- Main Market IPO — Almasar Alshamil Education: Following a heavily oversubscribed institutional book (orders of ~SAR 61.6 billion), the final price was set at SAR 19.50. Retail subscription runs from Nov. 18–20 (closes 2:00 p.m. KSA), with listing to follow completion of regulatory formalities.
- Nomu → Main Market move:Inmar Co. for Real Estate Development & Investment said its board approved transitioning from Nomu to TASI, signaling continued migration of qualified issuers into the main board.
Sector color & notable movers
- Banks: Large lenders were firmer earlier in the session (e.g., Saudi National Bank) before the index softened into the close, tracking the regional tone and macro cues.
- Energy & services:Arabian Drilling outperformed intraday on contract renewals; oil majors’ moves were tempered by ex‑dividend mechanics (Aramco) and softer crude.
- Mid‑caps: The breadth remained weak, with 24 names at 52‑week lows and several consumer and transport mid‑caps under pressure; Aldawaa and select retail/transport names featured among fresh troughs.
Why it matters for Tuesday
With Brent near the mid‑$60s and global rate‑cut expectations being re‑priced, Saudi equities continue to trade in a headline‑sensitive range. Near‑term catalysts include retail subscription flows into Almasar Alshamil Education (Nov. 18–20), follow‑through on today’s energy‑services contracts, and external macro prints later this week that could sway regional risk appetite.
Key facts & dates
- TASI close (Nov. 17):11,039.36 (–0.12%); intraday 11,105.85 / 11,034.68.
- Ex‑dividend (Nov. 17):Saudi Aramco (2222), Aslak (1301).
- Contracts:Arabian Drilling renews four rigs with Aramco totaling SAR 2B+.
- New leases:SICO Saudi REIT adds SAR 49.1M across towers/retail.
- Financing:Derayah Financial inks SAR 500M SNB facility.
- IPO calendar:Almasar Alshamil Education retail Nov. 18–20 at SAR 19.50.
Editor’s note: This report aggregates same‑day developments dated Nov. 17, 2025 and official market statistics available at publication time. Index levels reflect end‑of‑day data; some stock moves referenced as “earlier in the session” reflect mid‑day prints and may differ from closing prices. Investing.com+1
Sources: Investing.com closing data; Reuters mid‑session Gulf markets wrap and oil pricing; Argaam company announcements and market breadth; company press releases and exchange disclosures as cited throughout.
This article is for informational purposes only and is not investment advice.
