Riyadh, Feb 22, 2026, 08:56 (AST) — Market closed.
- Saudi Exchange is shut on Sunday for Founding Day; trading resumes on Monday.
- The TASI ended the last session down 1.87%, with decliners outnumbering gainers by a wide margin.
- Oil and U.S.-Iran headlines are back in focus heading into the reopen, alongside a busy run of Saudi corporate disclosures.
Saudi equities return on Monday after the Saudi Exchange’s Founding Day holiday, reopening into a market still digesting a sharp risk-off move late last week. (Saudi Exchange)
The Tadawul All Share Index (TASI) last closed at 10,947.25, down 1.87%, with 253 losers against 14 gainers. In heavyweight names, Saudi Aramco ended at 25.70 riyals, up 0.39%, while Petro Rabigh slid 3.37%, Arabian Drilling fell 2.63% and ADES dropped 2.38%. (Saudi Exchange)
The selloff on Thursday tracked a broader drop across Gulf markets as U.S.-Iran tensions fed into energy and risk sentiment, with banks taking much of the hit in Riyadh. “Markets are reacting strongly due to fears that oil exports could be disrupted,” Milad Azar, a market analyst at XTB MENA, wrote. (Reuters)
That geopolitical thread has not gone away. Iran’s foreign minister Abbas Araqchi said a draft counterproposal was expected within “two or three days,” while U.S. President Donald Trump has weighed limited strikes as pressure builds around negotiations. (Reuters)
Oil prices are doing most of the talking for the Gulf. Brent settled at $71.76 a barrel and U.S. crude at $66.39 on Friday, as traders priced a higher risk premium tied to the standoff; “we’re caught between anticipation” and “denial” about a possible attack, Phil Flynn at Price Futures Group said. (Reuters)
On the local tape, trading hours are steady during Ramadan, which can matter for liquidity and order flow. The exchange has kept the opening auction at 9:30 a.m. and continuous trading from 10:00 a.m. to 3:00 p.m., followed by the closing auction and a short “trade-at-last” window where trades execute at the closing price. (Saudi Exchange)
Earnings and corporate actions will also compete for attention as trading resumes. Armah Sports reported 2025 revenue of 224.9 million riyals and net profit attributable to shareholders of 62 million riyals in its annual disclosure, one of several results releases hitting the Saudi Exchange screens. (Saudi Exchange)
In industrials, Saudi Steel Pipe disclosed a board decision to voluntarily liquidate its wholly owned subsidiary Titanium & Steel Manufacturing Co. Ltd., alongside its annual reporting cycle. Stock-specific moves can be sharp when liquidity thins, especially after holidays. (Saudi Exchange)
But the week can cut both ways. Any de-escalation in U.S.-Iran tensions could pull down the oil risk premium and ease pressure on broader risk assets, while a fresh flare-up would likely hit banks and high-beta names again before it helps energy shares.
Beyond oil, traders will keep one eye on U.S. inflation signals that can move the dollar and rate expectations — Saudi rates tend to track the Fed given the riyal’s dollar peg. U.S. producer prices for January are scheduled for Feb. 27. (Bureau of Labor Statistics)
The next concrete local markers start quickly once the market reopens. Saudi Electricity has called an extraordinary general assembly for Feb. 25, with electronic voting set to start on Feb. 22, giving investors another calendar-driven catalyst as the Saudi Exchange heads into its first full post-holiday week. (Saudi Exchange)
