Tadawul index rebounds 2.75% a day after four-year closing low

Summary

• Saudi Arabia's TASI climbed 2.75% to 9,698.44 points in Monday trading, according to Argaam.
• Sunday's close at 9,438.50 was the index's weakest since 2021, with 257 stocks falling.
• The bounce tests whether royal support measures and SABIC's return to profit can halt eight losing weeks.

The latest

Saudi Arabia's benchmark TASI index jumped 2.75%, or 259.94 points, to 9,698.44 in Monday's session on October 26, 2026, according to an Argaam reading taken at 11:56 Riyadh time. The session had not closed at that point. The move followed Sunday's 2.65% slide to 9,438.50, the lowest close since 2021 and the eighth consecutive week of declines.

Details

• The numbers: Argaam's 11:56 Riyadh-time reading put TASI at 9,698.44 points, up 259.94 points on the day. Earlier in the same session, at 10:24, Investing.com recorded a smaller gain of 1.38%, or 129.94 points, to 9,568.44 — a reading that more than doubled over the following 90 minutes.
• Sunday's low: The index closed Sunday, October 25, down 2.65% at 9,438.50 points, its weakest finish since 2021. Breadth was severely negative: 257 listed companies declined while only 9 advanced, according to Investing.com. Argaam put the Sunday close at 9,439 points on a 2.7% drop.
• The drivers cited: Investing.com attributed Monday's early advance to three factors: SABIC swinging to a third-quarter profit of 499 million riyals, royal measures supporting citizens, and a steady opening across global markets. The outlet did not quantify the relative weight of each factor.
• Heavyweights: Price tables published alongside the report showed Al Rajhi Bank at 59.50 riyals, up 2.41%, and SABIC at 44.00 riyals, up 2.33%. Alinma Bank led the named gainers at 21.14 riyals, a rise of 3.22%, outpacing the broader index.
• Energy and telecom: Saudi Aramco traded at 25.50 riyals, up 1.27%, while stc stood at 40.88 riyals, up 1.54%. Both of the kingdom's largest listings by weight lagged the index's 2.75% gain, indicating the rebound was broader than its two biggest constituents.
• Turnover: Sunday's session saw 4.3 billion riyals in traded value across 339 million shares, according to Argaam. No turnover figure had been published for Monday's session at the time of the readings, leaving the volume behind the rebound undetermined.
• The eight-week run: The decline that culminated Sunday ran for eight straight weeks, according to Investing.com. That streak is what makes Monday's move consequential: a single intraday gain of 2.75% recovers only part of the ground lost since the sell-off began.
• Timing caveat: Both readings are intraday. The 9,698.44 level reflects where the market stood at 11:56 Riyadh time, not a settled close, and the figure remains subject to revision when trading ends.

Background

TASI is the main index of the Saudi Exchange, Tadawul, and the largest equity benchmark in the Arab world by market value. SABIC and Saudi Aramco are among its heaviest constituents, meaning their quarterly results carry outsized influence on index direction.

Between the lines

The gap between the two readings is itself the story: Investing.com logged 1.38% at 10:24 and Argaam 2.75% at 11:56, meaning the rally built through the morning rather than opening at its peak. With 257 of the previous session's stocks in the red and only 9 higher, the rebound had an exceptionally low base to work from — recovering Sunday's 2.65% loss still leaves eight weeks of declines largely intact.

What's next

Monday's official close will determine whether the intraday gain holds. Watch whether the index clears 9,700 points, the published turnover figure against Sunday's 4.3 billion riyals, and whether the eight-week losing streak ends this week.

Source: Argaam, Investing.com