Riyadh, Feb 22, 2026, 08:56 (AST) — The session has wrapped up.
- Saudi Exchange remains closed Sunday due to Founding Day. Trading picks up again Monday.
- The TASI closed out its latest session with a 1.87% drop, as losers far outpaced winners.
- Oil moves and fresh U.S.-Iran headlines are grabbing attention before markets reopen, with a packed slate of Saudi earnings also on deck.
Saudi stocks resume trading Monday, following the Founding Day break at the Saudi Exchange, with investors coming back to a market still working through last week’s abrupt risk-off slide.
The Tadawul All Share Index (TASI) finished at 10,947.25, posting a 1.87% loss. Out of the listed stocks, 253 fell while only 14 managed gains. Among the big names, Saudi Aramco advanced 0.39% to 25.70 riyals. Petro Rabigh slumped 3.37%, Arabian Drilling lost 2.63%, and ADES was down 2.38%.
Thursday’s selloff mirrored declines seen throughout Gulf markets, pressured by rising U.S.-Iran tensions that rattled both energy prices and risk appetite. In Riyadh, banks bore the brunt of losses. “Markets are reacting strongly due to fears that oil exports could be disrupted,” said Milad Azar, market analyst at XTB MENA. Reuters
The geopolitical risk still lingers. Iran’s foreign minister Abbas Araqchi told reporters a draft counterproposal could land in “two or three days.” On the U.S. side, President Donald Trump has considered targeted strikes as negotiations face mounting pressure. Reuters
Oil is driving the conversation in the Gulf, with Brent closing out at $71.76 a barrel and U.S. crude finishing at $66.39 on Friday. Traders tacked on more risk premium given the ongoing standoff. “We’re caught between anticipation” and “denial” about whether an attack is coming, Phil Flynn of Price Futures Group said. Reuters
Ramadan hasn’t shifted local trading hours—no changes on the tape. The exchange sticks with its usual 9:30 a.m. opening auction, then continuous trading kicks off at 10:00 a.m. and wraps at 3:00 p.m. After that comes the closing auction, plus a quick “trade-at-last” slot for executions at the final price. Saudi Exchange
Trading picks up again with earnings and corporate moves in the spotlight. In its annual filing, Armah Sports posted 2025 revenue of 224.9 million riyals, with net profit to shareholders at 62 million riyals—just one among a flurry of results hitting the Saudi Exchange.
Saudi Steel Pipe’s board has opted to wind down its fully owned unit Titanium & Steel Manufacturing Co. Ltd., the company said during its annual report period. Thin liquidity, particularly post-holiday, often amplifies single-stock swings.
The week’s direction isn’t set. Easing U.S.-Iran friction could strip out some of oil’s risk premium and offer relief to a range of risk assets. On the flip side, another spike in tensions would probably hit banks and high-beta stocks first, before giving energy names a lift.
Outside of oil, attention shifts to U.S. inflation readings that often sway the dollar and shape rate bets — Saudi borrowing costs typically shadow the Fed, thanks to the riyal’s tie to the greenback. U.S. January producer price data lands Feb. 27.
Concrete local events kick in fast after the market reopens. Saudi Electricity is convening an extraordinary general assembly on Feb. 25, with electronic voting opening Feb. 22—a fresh calendar catalyst for investors as the Saudi Exchange enters its first full week back from the holiday.
