Saudi TASI rises 0.27% on tech and health care

The move matters because the Saudi market has been showing selective strength even as sector rotation remains active. Early leadership from applications and tech services, up 0.84%, consumer retail distribution, up 0.58%, and health care, up 0.56%, suggests investors are still willing to buy into growth and defensive domestic themes when catalysts are present.

Health care stocks gained after the Saudi Exchange’s securities depository, Edaa, said it would apply issuer procedures to Dallah Healthcare shares. SABIC added 0.97% to 49.92 riyals after its unit Al-Razi won Energy Ministry approval for feedstock allocation for a new methanol plant with annual capacity of 1.8 million tons, giving the petrochemicals heavyweight a fresh medium-term growth angle.

Al Rajhi Bank rose 0.53% after completing a dollar-denominated international social sukuk sale, underscoring continued funding access for top-tier Saudi lenders. On the other side of the ledger, Riyad REIT fell 4.06% and Al-Dawaa slipped 1.04% even as its shares were heavily traded, while Tawuniya tumbled 33.05% after Tadawul adjusted the stock’s volatility reference price.

The day’s early tone suggests investors are still rewarding company-specific catalysts over broad index bets. If buying continues, attention will turn to whether the banking, petrochemicals and health care names can extend leadership and whether recent volatility in REITs and insurers remains contained.