RIYADH, March 7, 2026, 09:30 AST
Saudi Arabia’s Tadawul All Share Index (TASI), the broad benchmark for the Saudi Exchange, ended Thursday at 10,776.32, up 83.63 points on the day and about 0.6% from the previous week’s close. Saudi Exchange data showed 194 gainers against 62 losers, with value traded at 5.23 billion riyals. 1
That left Riyadh looking steadier than some Gulf peers as conflict-related disruption around the Strait of Hormuz, a passage that handles about a fifth of the world’s oil consumption, shook regional assets and drove crude higher. Dubai fell 1.3% on Thursday and Abu Dhabi lost 2.2%, while Saudi Arabia’s finance ministry said the kingdom’s fiscal position was strong and economic activity was continuing normally. 2
The week did not start that way. In the kingdom’s Sunday-to-Thursday trading week, TASI closed at 10,475.55 on Sunday, then rose 2.9% over the next four sessions to finish Thursday at 10,776.32, based on official closing data. 3
Banks helped anchor the late rebound. A Saudi Exchange daily report showed Al Rajhi Bank rose 1.76% on Thursday and ranked second by traded value behind Saudi Aramco, while Saudi National Bank and Alinma were also among the busiest names. 4
Stock-specific news added punch. MIS, or Al Moammar Information Systems, jumped 9.95% — effectively its daily limit, the maximum move allowed in one session — while ACWA rose 4.09% and Dallah Health gained 5.02%. Reuters tied the moves to a data-centre deal in MIS’s case and stronger full-year profit for ACWA and Dallah. 4
Milad Azar, an analyst at XTB MENA, said the Saudi market’s bounce was driven by firmer oil prices after the initial geopolitical shock and that stocks could keep building on the recovery if energy prices stay supported. Saudi Aramco still slipped 0.84% on Thursday, though it remained the market’s most active stock by value. 5
The leaderboard was mixed further down the screen. SRMG rose 7.66%, Shaker added 7.56% and Petro Rabigh climbed 6.42%, while Catrion fell 3.74%, AZM lost 3.00% and Advanced retreated 2.84%, Saudi Exchange data showed. 1
But oil is not a clean win for equities. Reuters reported on Friday that JPMorgan cut its forecast for Gulf non-oil growth and warned that a prolonged conflict could raise funding costs and put more strain on investment and diversification plans across the region, even as Saudi officials said the medium-term fiscal outlook remained solid. 2
Even after last week’s rebound, TASI remains well below its 52-week high of 12,075.11. Saudi Exchange data show the benchmark is up 2.72% from Dec. 31, leaving Riyadh positive for the year but still short of last year’s peak. 1
