On April 7, the stock market in Saudi Arabia displayed resilience amidst a global financial downturn fueled by rising tensions over Trump’s tariffs and the intensifying trade war. While investors in various regions remained cautious, the Kingdom’s market managed to defy the trend, showing gains that stood in stark contrast to the steep losses observed elsewhere.

Saudi Stock Market Performance

As of 1:07 p.m. GMT, the Tadawul All Share Index (TASI) rose by 0.67%, reaching 11,151.20 points, a significant increase from the previous close of 11,077.19 points. This uptick highlights the strength of the Saudi market against a backdrop of global instability, where numerous indices faced severe selling pressure.

• TASI Performance:
  • Current: 11,151.20 points
  • Previous Close: 11,077.19 points
  • Change: +0.67%

Global Market Downturn

In stark contrast, major international markets experienced dramatic declines. The Hong Kong-based Hang Seng index bore the brunt of the losses, plummeting over 3,000 points to close 13.22% lower at 19,828.30 points. Meanwhile, the Nikkei 225 in Japan fell by more than 2,600 points, ending at 31,136.58 points, reflecting a 7.83% drop.

• Global Market Highlights:
  • Hong Kong Hang Seng: -13.22%, closed at 19,828.30 points
  • Nikkei 225: -7.83%, closed at 31,136.58 points
  • DAX (Germany): -3.92%, currently at 19,828.23 points
  • FTSE 100 (UK): -3.83%, at 7,746.56 points

Key Gainers and Laggards in Saudi Arabia

Within the Saudi market, certain companies stood out as significant gainers. The National Company for Learning and Education (NCLE), Jahez International Company for Information System Technology (JAHEZ), and Etihad Etisalat Co. were among the top performers of the day, showcasing their resilience in a challenging environment. Conversely, firms like Nama Chemicals Co., Batic Investments and Logistics Co., and Raydan Food Co. struggled, marking them as the notable laggards.

• Top Gainers:

  • National Company for Learning and Education (NCLE)
  • Jahez International Company (JAHEZ)
  • Etihad Etisalat Co.
• Top Laggards:
  • Nama Chemicals Co.
  • Batic Investments and Logistics Co.
  • Raydan Food Co.

Conclusion

The turmoil in the global markets underscores the volatile nature of today’s economic landscape, yet Saudi Arabia’s stock performance on April 7 demonstrates a noteworthy exception. Investors will be closely monitoring these trends as the situation evolves, especially considering the underlying factors driving the global financial unrest. For further insights, check out more on the effects of trade wars on global economies and the impact of tariffs on stock markets worldwide.