Business · Markets · 8 hrs ago
Saudi stocks pare losses as 101 shares hit yearly lows
Saudi Arabia’s TASI index fell 0.3% on Wednesday, its third straight day of losses, but the decline slowed from the previous session.
The index fell as low as 9,855 points, its lowest level since 2021, before recovering to close at 9,927.
The recovery did not reach most shares: 190 companies fell, while 58 rose, and 101 shares touched their lowest prices of the year.
That was more than the 82 shares that hit yearly lows the day before, and about 90% of shares remained below their average price over the past 200 days.
Banks accounted for much of the extra trading, with their share of total market activity rising to 37% from 22%.
Bank shares had mixed results: Alinma fell 5% after results below expectations, while Riyad Bank gained 2.6% after better-than-expected results.
Lower borrowing and bond yields may support share values, but the improvement is not automatic and depends partly on companies’ profit outlooks.
Saudi Arabia’s main stock index, Tasi, fell 0.3% to 9,927 points on October 21, while 101 shares touched yearly lows.
The index had dropped as low as 9,855 points during the session, its lowest level since 2021, before recovering about 71 points.
The decline was slower than the previous session’s 1.7% loss, but 190 companies still closed lower and only 58 rose.
Trading value increased 8.2% to 4.13 billion riyals, with banks accounting for most of the increase.
Lower Saudi sukuk yields and interbank rates, alongside relatively positive bank results, coincided with the easing in losses.
- Who
- Saudi-listed companies and investors trading on the main stock market.
- What
- Tasi fell 0.3% to 9,927 points, while 101 shares reached yearly lows.
- When
- October 21, 2026.
- Where
- Saudi Arabia’s main stock market.
- Why
- Selling pressure eased as trading liquidity increased, financing rates declined and some bank results were relatively positive. The article says the improvement did not extend to most shares.
This story does not have two clearly opposing sides.
Tasi fell 1.7%, while 227 companies declined and 19 rose.
Tasi fell to 9,855 points, its lowest level since 2021.
Tasi closed at 9,927 points, down 0.3%, as 190 companies fell and 58 rose.
- Tasi close
- 9,927 points, down 0.3%
- Intraday low
- 9,855 points, the lowest level since 2021
- Yearly lows
- 101 shares
- Trading value
- 4.13 billion riyals, up 8.2%
- Bank trading share
- 37% of total market trading, up from 22% in the previous session