Business · Markets · 19 hrs ago
Saudi stocks rise 0.9% to a three-week high
Saudi Arabia’s TASI stock index rose 0.9% to 10,107 at the close, its highest level in three weeks.
The index had fallen below 10,000 during the session, but buyers returned and pushed it back up.
Trading value climbed 56% to 4.27 billion riyals, and 167 companies gained while 74 fell.
Banks and large companies also rose, suggesting the gains were not limited to a few smaller stocks.
Lower government bond yields and interbank rates may ease pressure on share prices, while listed companies’ earnings have also grown.
Of 273 companies due to report results, 209 had announced them, with combined profits up 34% from a year earlier; excluding Saudi Aramco, profits rose 17%.
The recovery is not yet confirmed: the index needs to hold its gains in coming sessions, and more companies need to sustain earnings growth.
Saudi Arabia’s TASI index rose 0.9% to 10,107 points, its highest level in three weeks.
The index recovered after falling below 10,000 points during the session and closed at its daily high.
Trading value increased 56% to 4.27 billion riyals, while 167 companies’ shares rose and 74 fell.
The gains coincided with lower Saudi government bond yields and interbank rates, and continued growth in listed companies’ profits.
The article said the recovery’s durability would depend on continued demand and broader earnings growth.
- Who
- Saudi stocks, measured by the TASI index.
- What
- TASI rose 0.9% to 10,107 points, a three-week high.
- When
- November 9, 2026.
- Where
- Saudi Arabia.
- Why
- Buying demand returned, while lower borrowing costs and growth in listed companies’ profits supported the market.
This story does not have two clearly opposing sides.
Trading value was 2.74 billion riyals, and shares in 129 companies rose while 113 fell.
TASI fell below 10,000 points during the session, then recovered and closed at 10,107.
209 companies had reported results, with 64 still to report before the November 11 deadline.
The deadline for listed companies to announce their financial results.
- TASI close
- 10,107 points
- Daily change
- Up 0.9%
- Trading value
- 4.27 billion riyals, up 56%
- Shares traded
- 252.5 million, up 39%
- Companies reporting results
- 209 reported; 64 remained
- Aggregate reported profits
- 188 billion riyals, up 34% year on year