Saudi stock market hits lowest close in nearly four years
The Tadawul All Share Index fell 1.7 percent Tuesday, marking its weakest finish since April 2021.
At a glance
- TASI closed at 9,952 points, down 1.7 percent on Tuesday
- Lowest closing level since April 2021
- Year-to-date losses of 5.1 percent
- Major stocks including Saudi Aramco and Al Rajhi Bank declined one percent each
Saudi Arabia's benchmark Tadawul All Share Index closed Tuesday down 1.7 percent, or 172 points, to 9,952 points, according to the Saudi Gazette. This represented the lowest closing level since April 2021, with total trading turnover reaching approximately 3.8 billion Saudi riyals.
Year-to-date losses have reached approximately 540 points, equivalent to a 5.1 percent decline. Major stocks including Saudi Aramco and Al Rajhi Bank each fell one percent, while Yanbu National Petrochemical Company dropped 7 percent. Tihama was the largest decliner at 8 percent, while Azm was the top gainer with a 4 percent increase.
Why it matters
The decline reflects broader market weakness, with the index at its lowest level in nearly four years and significant year-to-date losses.
Original reporting
- Asharq Al-Awsat (English)Saudi Stock Market Falls to Lowest Close Since April 2021
- Saudi Gazette — LatestSaudi stocks plunge to lowest close since April 2021
- Saudi GazetteSaudi stocks plunge to lowest close since April 2021
This brief was written with AI assistance from the reports listed above and checked against our editorial policy. Spotted an error? Request a correction.