RIYADH, March 7, 2026, 09:30 AST
The Tadawul All Share Index (TASI) wrapped up Thursday at 10,776.32, gaining 83.63 points for the session—roughly a 0.6% increase from last week’s close. Out of the stocks traded, 194 advanced while 62 fell, according to Saudi Exchange figures. Turnover tallied 5.23 billion riyals.
Riyadh held up better than several of its Gulf neighbors, even as worries over disruption near the Strait of Hormuz—responsible for about 20% of global oil shipments—sent shockwaves through regional markets and pushed crude prices higher. Dubai’s bourse slid 1.3% on Thursday; Abu Dhabi dropped 2.2%. Saudi Arabia’s finance ministry, for its part, maintained that the kingdom’s fiscal footing remained solid, with economic activity described as normal.
That wasn’t the mood at the start of the week. TASI kicked off Sunday at 10,475.55 and, over the next four sessions in Saudi Arabia’s Sunday-to-Thursday trading stretch, climbed 2.9% to wrap Thursday at 10,776.32—official closing figures show.
Banks pulled the market higher late in the day. Al Rajhi Bank jumped 1.76% Thursday, the Saudi Exchange’s daily figures showed, making it the second-most traded stock after Saudi Aramco. Saudi National Bank and Alinma also landed near the top of the volume chart.
Company headlines drove sharp moves. MIS, also known as Al Moammar Information Systems, surged 9.95% to hit its session maximum, while ACWA ended up 4.09% and Dallah Health tacked on 5.02%. Reuters cited a data-centre contract behind MIS’s rally; for ACWA and Dallah, stronger annual profits did the lifting.
Milad Azar at XTB MENA pointed to stronger oil prices as the spark behind the Saudi market’s rebound, following the first wave of geopolitical jitters. If energy prices hold up, he said, the recovery could have legs. Saudi Aramco edged down 0.84% on Thursday, but by value, it was still the most traded name in the market.
Further down the leaderboard, SRMG jumped 7.66%, with Shaker up 7.56% and Petro Rabigh tacking on 6.42%. On the downside, Catrion slid 3.74%, AZM dropped 3.00%, and Advanced pulled back 2.84%, according to Saudi Exchange data.
Still, oil’s upside for equities comes with strings attached. On Friday, Reuters noted JPMorgan trimmed its Gulf non-oil growth outlook, cautioning that an extended conflict could drive up funding costs and heap pressure on investment and diversification efforts regionwide—even as Saudi officials insisted the medium-term fiscal picture stays intact.
TASI bounced last week, but it’s still trading far under its 52-week high of 12,075.11. Numbers from the Saudi Exchange put the index up 2.72% since Dec. 31, so Riyadh is holding onto gains for the year, yet remains below last year’s top.
