Week Ending: 18 September 2026

Saudi Arabia SA Sector

Technology

For the week ending 18 September 2026, Technology declined 3.93% with 3 advancing, 12 declining, and 0 unchanged constituents. The index is equal weighted and built from country-listed equities.

Current architecture Upward Expansion

The activity fan is positively ordered above a rising Trend Line with price accepted above it.

42 technical evidence
Index4851.16 1 week-3.93% Breadth20% Members15
Country 🇸🇦 Saudi Arabia · SA
Universe country-listed
Price basis Adjusted weekly close

Trend architecture

Index, activity fan and structural anchors

Rolling 156-week evidence. Trend Signal points mark weeks when price, trend and the activity fan confirmed together.

Index Value Trend Line Fair Value Activity Lines Constructive architecture Transitional architecture Defensive architecture
Current architecture Upward Expansion 2 completed weeks in this state
Trend acceptance -1.7% Index versus Trend Line
Persistence 75% Negative regime, horizons divided
Participation 20% 3 advancing, 12 declining

Investor positioning lens

Is the evidence ready for capital?

A rules-based technical classification using trend, breadth, persistence, relative strength and path quality.

Current posture Reduce exposure into strength

Counter-trend rallies may occur, but primary structure and persistence do not yet support adding risk.

42 technical evidence
out of 100
Evidence balance

Five-pillar map

Reduce
Trend
58
Breadth
20
Persistence
30
Relative
31
Risk quality
85
What supports the view
  • No major confirming factor has secured control.
What restrains conviction
  • Index trend architecture has not delivered a durable upward expansion.
  • Breadth remains too narrow or inconsistent for a high-conviction position.
  • Constituent persistence remains divided or predominantly negative.
  • The group is not yet delivering dependable relative outperformance.
  • Stage 4 declining constituents exceed Stage 2 advancing constituents by 41 percentage points.
  • Positive contribution is concentrated in a small leadership cohort.
Independent sentiment overlay Sentiment held separate

Qualified news coverage is too thin to alter the technical positioning view.

Evidence that would change the view
  1. A completed weekly reclaim of 5,569.90, the higher of Trend Line and Fair Value, would improve the structural case.
  2. Breadth holding above 55% for several completed weeks would show that repair is spreading.
  3. Positive 13 and 26-week relative performance would confirm that capital is rotating into the group.

This is a weekly research classification, not personal investment advice. Sentiment is reported as an independent confirmation layer and does not alter the technical score.

Trend state and durability

Architecture, persistence and constituent regimes

The index path is tested against the underlying security-level trend evidence.

Index architecture Upward Expansion

The activity fan is positively ordered above a rising Trend Line with price accepted above it.

State age2 weeks
Trend gateUp
Fan width0.73%
Fast versus slow change0.57 pts
Above 67% Below 17%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence

Negative regime, horizons divided

75% agreement

The 52-week trend is negative, while shorter horizons remain mixed.

13-week
-2.0%
26-week
1.2%
39-week
-7.5%
52-week
-12.6%
Regime age49 weeks 52-week flips2 52-week boundary5548.83
Constituent trend persistence

Is the index move broadly durable?

93% coverage
Coherent positive21%
Coherent negative43%
Average horizon agreement88%
Positive horizon share32%
Weakening positives1
Repairing negatives2

14 constituents measured as of 18 Sep 2026. Median trend age is 48 weeks.

Custom stage map

Where constituents sit in the cycle

80% coverage
Stage 1 · Basing17%2 securities
Stage 2 · Advancing17%2 securities
Stage 3 · Distribution8%1 securities
Stage 4 · Declining58%7 securities
Re-acceleration watch0 Transition watch0 Relative strength leaders8% Fair Value repairs1

Measured as of 18 Sep 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.

Architecture breadth

How market energy is distributed

75/100 mean confidence
Upward expansion
8% 1
Rotation up
8% 1
Deceleration
17% 2
Balance
25% 3
Rotation down
8% 1
Downward expansion
33% 4
Unresolved
0% 0

Architecture breadth shows the distribution of expanding, rotating, balancing and contracting securities. It is diagnostic context and is not added as a second vote in the positioning score.

Capital rotation

Performance relative to SA Market Structure

Improving
Relative index 13-week relative trend Starting level
Rotation dashboard Improving

A rising relative line means this group is compounding faster than SA Market Structure. A falling line means capital has done better in the parent benchmark.

Relative index120.2
13-week trend118.8
4-week trend change1.30%
Weekly peer rank11 of 11
1 week
-0.9 pts relative
4 weeks
0.3 pts relative
13 weeks
3.8 pts relative
26 weeks
3.3 pts relative
52 weeks
2.3 pts relative

Market internals

Participation, dispersion and path risk

Equal-weight index evidence with constituent-level breadth and dispersion.

Breadth

Participation quality

Narrow
Advancing
3
Declining
12
Unchanged
0
4-week average 42%
13-week average 41%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility13.4%
Drawdown from 52-week high-14.9%
Positive weeks, last 1338%
Current directional run3 weeks
Turnover versus 13-week norm85%
Breadth impulse-22.2 pts
Cross-section

Return distribution

15 measured
Q1 -7.2% Median -2.4% Q3 -0.4%
Average winner1.6%
Average loser-5.3%
Dispersion4.7 pts
Top-five upside share100%
Top-five capital share95%
Capital data coverage100%

Dispersion describes how far constituent outcomes are spreading apart. Capital concentration is contextual only; the index itself is equal weighted.

Momentum cycle

30-week persistence

Positive readings show expansion. Negative readings show contraction.

Breadth cycle

Net participation

Advancers less decliners as a percentage of measured constituents.

Industry map

Where sector leadership is forming

Performance, breadth and trend acceptance across every qualified industry.

0/2 positive
Above Trend Line2/2100% of industries
Constructive breadth0/2At least half advancing
Median industry-3.42%2.94 pts dispersion
#1 Narrowing

Information Technology Services

-0.49%
Participation38% vs Trend2.8% vs Fair Value9.8% Members8
#2 Narrowing

Software - Application

-6.36%
Participation0% vs Trend0.6% vs Fair Value-31.3% Members3

News and narrative

Does company news confirm the market tape?

Open Sentiment Intelligence
Sentiment evidence is still developing

Qualified company-level news coverage is not yet broad enough to influence the group view.

0 qualified records across 15 measured constituents.

Leadership tape

Leaders, laggards and contribution shape

Latest completed week, ranked on uncapped constituent returns.

Leading edge

1 9557Edarat Communication and Information Technology Co.
2.48% 2 9550Sure Global Tech Co.
1.67% 3 9614Purity for Information Technology Company
0.66% 4 7203Elm Company
-0.40% 5 9538Naseej for Technology Co.
-0.47%

Weakest edge

15 9558Alqemam for Computer Systems Co.
-15.56% 14 9561Knowledge Net Computer Company
-8.64% 13 7201Arab Sea Information Systems Company
-8.06% 12 1214Al Hassan Ghazi Ibrahim Shaker Company
-7.95% 11 9522Alhasoob Co.
-6.36%

Constituent ledger

Sector constituents

All 15 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 9557 Edarat Communication and Information Technology Co. SAU 2.14B 272.40 0.17 pts
2.48%
2 9550 Sure Global Tech Co. SAU 274.72M 36.60 0.11 pts
1.67%
3 9614 Purity for Information Technology Company SAU 344.19M 22.89 0.04 pts
0.66%
4 7203 Elm Company SAU 46.95B 616.50 -0.03 pts
-0.40%
5 9538 Naseej for Technology Co. SAU 157.97M 21.38 -0.03 pts
-0.47%
6 7200 Al Moammar Information Systems Company SAU 8.92B 305.80 -0.08 pts
-1.16%
7 9637 Axelerated Solutions for Inform SAU 647.92M 23.14 -0.10 pts
-1.53%
8 7211 Saudi Azm for Communication and Information Technology Company SAU 1.56B 27.04 -0.16 pts
-2.38%
9 7205 Dar AlBalad for Business Solutions Company SAU 779.09M 11.63 -0.34 pts
-5.14%
10 7204 Perfect Presentation for Commercial Services Company SAU 1.79B 6.13 -0.41 pts
-6.13%
11 9522 Alhasoob Co. SAU 89.60M 33.00 -0.42 pts
-6.36%
12 1214 Al Hassan Ghazi Ibrahim Shaker Company SAU 739.39M 10.89 -0.53 pts
-7.95%
13 7201 Arab Sea Information Systems Company SAU 362.18M 3.65 -0.54 pts
-8.06%
14 9561 Knowledge Net Computer Company SAU 45.52M 8.67 -0.58 pts
-8.64%
15 9558 Alqemam for Computer Systems Co. SAU 114.00M 38.00 -1.04 pts
-15.56%

The index uses capped equal-weight weekly constituent returns. The ledger shows uncapped security returns so outliers remain visible for research.

Evidence context