Saudi Tadawul Group (1111.SE): Review of capital markets trends in Jun‘26

Research evidence excerpt

Saudi Tadawul Group (1111.SE): Review of capital markets trends in Jun‘26

Equity Research

14 July 2026 | 9:43AM GST

Saudi Tadawul Group (1111.SE): Review of capital markets trends in

Jun’26

Saudi Tadawul’s Jun’26 activity data showed a mixed picture, with trading Ashwath P T, CFA

+971(4)376-3439 | ashwath.pt@gs.com

values recovering to SAR108bn from SAR92bn in May and velocity improving to Goldman Sachs International

39%, although ADTV at SAR4.9bn remained below recent historical averages as Kazim Andac

retail participation stayed subdued at c.25% of total market activity. We think +971(4)214-9958kazim.andac@gs.com|

the lower retail participation continues to be an overhang on the name and on Goldman Sachs International

Gokul Vinayak Lsentiment, although lower interest rates and an improved macro backdrop as +1(332)245-7976 | gokul.l@gs.com

the conflict eventually resolves should support greater Saudi retail Goldman Sachs India SPL

participation.

In this note we review trading data trends from Saudi Tadawul for Jun’26.

Saudi Tadawul published daily trading data for Jun’26, and we outline the key

highlights from the latest activity trends. Equities trading value increased to

SAR108bn in Jun’26 from SAR92bn in May’26. ADTV stood at SAR4.92bn in Jun’26,

down from SAR5.72bn in May’26 and SAR5.71bn/SAR5.77bn in Apr/Mar’26. Velocity

improved to 39% in Jun’26 from 32% in May’26, though it remained below the 44%

level recorded in Apr’26.

Banks were the most traded sector in Jun’26, accounting for c.21% of traded value,

followed by Materials at c.17% and Consumer/Retail at c.13%. Foreign ownership

levels were broadly stable, with ownership excluding strategic investors and Saudi

Aramco increasing by c.1bp mom in Jun’26, while net traded value improved driven

by foreign inflows.