Business · Markets · 12 hrs ago
Saudi stocks rise for a second session but close below 10,000
Saudi Arabia’s TASI index rose for a second session, gaining 2.3% to close at 9,986 points.
The rebound followed eight straight weeks of declines and brought the index’s two-session gain to 5.8%.
Trading value climbed 38% to 7.16 billion riyals, its highest level in about two months.
The index briefly reached 10,062 points but fell back after meeting resistance near 10,060, and it finished below the 10,000 mark.
The market rose despite regional security tensions, including Houthi attacks that Saudi air defences said they intercepted.
Lower yields on Saudi government debt and short-term borrowing rates may have helped support share prices, though the rebound does not remove geopolitical risks.
Third-quarter company results and the US Federal Reserve’s decision are among the next factors investors will watch.
Saudi Arabia’s Tadawul All Share Index, known as TASI, rose 2.3% on Tuesday to close at 9,986 points.
The index remained below 10,000 after reaching an intraday high of 10,062 points.
Its gains over two sessions reached about 5.8%, following eight consecutive weeks of declines.
Trading value rose to about 7.2 billion riyals, the highest level in about two months, according to Al Eqtisadiah.
Shares including Saudi Aramco and Al Rajhi Bank advanced, while National Education shares fell after the company reported lower quarterly profits.
- Who
- Saudi Arabia’s main stock market, measured by the TASI index.
- What
- TASI rose for a second consecutive session, gaining 2.3% to close at 9,986 points.
- When
- Tuesday, 27 October 2026.
- Where
- Saudi Arabia.
- Why
- The sources report the market’s rise but do not establish a single cause. Al Eqtisadiah cites lower bond yields and financing rates as supportive factors.
This story does not have two clearly opposing sides.
TASI rose 3.4% in the previous session.
TASI gained 2.3%, reached an intraday high of 10,062 points and closed at 9,986.
- TASI close
- 9,986 points
- Tuesday gain
- 2.3%, or 225 points
- Two-session gain
- About 5.8%
- Intraday high
- 10,062 points
- Trading value
- 7.16 billion riyals, according to Al Eqtisadiah
- Saudi Aramco
- Rose 2% to close at 26.08 riyals