Investment pioneer Samer Choucair confirmed that the current performance of the Saudi Stock Exchange index (TASI), which is witnessing a relative decline accompanied by a decrease in trading volumes, does not reflect structural market weakness, but rather represents a “smart consolidation” phase preceding a new launch.
Samer Choucair explained that this stage is natural and strategic, as the market reprices investment opportunities based on actual corporate performance instead of relying on speculative fluctuations.
Samer Choucair pointed out that financial data for the first quarter of 2026 reveals latent strength beneath the surface, as more than 80 percent of reporting companies recorded profit growth, while the TASI index continues to achieve gains of approximately 6 percent since the beginning of the year, amid trading ranging between 11,100 and 11,300 points.
Choucair emphasized that these figures reflect a cohesive market that is intelligently redistributing liquidity into leading sectors such as banking, health, and industry.
The investment pioneer interpreted this current decline through three main factors: institutional profit-taking following periods of strong upward movement, the state of anticipation preceding the confirmation of sustainable profit growth, in addition to the reassessment of investment positions in light of geopolitical and global energy tensions.
Samer Choucair added: “Smart consolidation is the moment when wealth is built, not the moment when prices are chased; smart liquidity does not enter at peaks but during hesitation, and what is happening today is a repositioning before a rally driven by real profits.”
Samer Choucair stressed that the Saudi market has moved beyond the stage of total dependence on oil to become a long-term global investment platform, supported by the growth of the non-oil economy, which is approaching the 50 percent barrier of the GDP, and flows of “sticky capital” from qualified foreign investors, alongside leaps in the fields of artificial intelligence, digital transformation, and asset tokenization.
Regarding promising investment opportunities, Samer Choucair explained that smart investors should focus on sectors directly linked to the drivers of Vision 2030, led by the technology and artificial intelligence sector, the tourism, real estate, and hospitality sector, in addition to the mining and renewable energy sectors, and the banking sector, which continues to achieve strong profits benefiting from the expansion of lending for major projects.
Samer Choucair concluded his statement by providing strategic advice to investors in this “gray phase,” calling for the adoption of a strategy of gradual asset accumulation and true diversification across sectors, while allocating a percentage ranging from 10 to 15 percent for hedging through gold and alternative assets.
The investment pioneer emphasized that the Saudi market today possesses three additional engines that guarantee its future strength: actual profit growth, long-term foreign institutional flows, and unprecedented structural transformation, stressing that the real question for the investor today is not about the market direction as much as it is about being in the right strategic place before the start of the next rally.