Business · Markets · 10 hrs ago
Saudi Stocks Post Their Biggest Daily Gain in About a Year
Saudi Arabia’s main TASI index rose about 3.2% on Monday, closing at 9,762 points.
The move followed five sessions of losses totalling about 7.4%, as the market recovered some of its recent decline.
Most listed shares rose, and trading activity was higher than its recent average, though accounts differed on the exact number of advancing and falling companies.
The rebound came as lower bond yields made shares more attractive relative to fixed-income investments, while the recent fall in share prices had reduced valuations.
The index’s close was also reported as its biggest daily rise in about a year, though one account described it as the biggest rise of 2026.
The gain does not show by itself that the market’s recovery will last or that investors have returned for the long term.
Further recovery may depend on bond yields continuing to fall and companies meeting earnings expectations, including for the third quarter.
Saudi Arabia’s TASI index rose sharply on October 26, closing at 9,762 points after a prolonged decline.
Al Eqtisadiah reported a 3.4% gain of 323 points, while Okaz reported a 3.23% gain of about 305 points.
The rally followed five sessions of losses totaling about 750 points, or 7.4%, according to Okaz.
Al Eqtisadiah said 245 companies rose and five fell, while Okaz reported 259 rose and eight fell.
The reports linked the rebound to improved share valuations after the sell-off and lower debt yields.
- Who
- Saudi-listed companies and the TASI index.
- What
- The index recorded a sharp daily rise, closing at 9,762 points. The reports give different figures for the gain.
- When
- October 26, 2026.
- Where
- Saudi Arabia’s main stock market, TASI.
- Why
- The reports cited improved share valuations after a sell-off and falling debt yields.
This story does not have two clearly opposing sides.
TASI lost about 750 points, or 7.4%, during a continuous decline, according to Okaz.
TASI rebounded and closed at 9,762 points.
- TASI closing level
- 9,762 points
- Al Eqtisadiah-reported gain
- 3.4%, or 323 points
- Okaz-reported gain
- 3.23%, or about 305 points
- Market value
- About 8.99 trillion riyals, according to Okaz
- Trading value
- 5.18 billion riyals, according to Al Eqtisadiah