Saudi Tasi jumps 3.5% as Gulf markets close broadly higher

Summary

• Gulf bourses closed Monday in the green, led by a 3.5% surge in Saudi Arabia's Tasi index.
• Qatar gained more than 2.5% and Kuwait around 2%, while Dubai added roughly 0.3%.
• Egypt broke from the pattern, with the EGX30 closing at its lowest level since April 2026.

The latest

Saudi Arabia's Tasi index surged about 3.5% to end Monday's session at 9,761 points, leading a broad Gulf advance that lifted Qatar, Kuwait and the UAE markets together. Qatar's benchmark rose more than 2.5% and Kuwait's indices gained around 2%, according to CNBC Arabia. Egypt was the outlier, with the EGX30 finishing at its weakest close since April 2026.

Details

• Saudi close: The Tasi ended Monday's session up roughly 3.5% at 9,761 points, according to CNBC Arabia. The move built through the day after a mixed open in which the index had already climbed more than 2%, making Saudi Arabia the strongest performer among the Gulf markets tracked in the session.
• Qatar's session: The Qatari bourse closed up more than 2.5%, finishing above the 8,850-point level, CNBC Arabia reported. The gain accelerated sharply through the day: at the open the index was up just 0.5% and trading near 8,700 points, meaning most of the advance came after the first hour.
• Kuwait: Kuwaiti indices posted collective gains of around 2%, with the premier index closing above 8,900 points, according to CNBC Arabia. The benchmark had opened the week's first session near 8,800 points, extending its climb steadily through the day.
• UAE markets: Dubai and Abu Dhabi both closed higher, with the Dubai Financial Market index up about 0.3%, CNBC Arabia reported. Dubai opened the week at 5,735 points. The UAE advance was the most modest of the Gulf gains, well behind the Saudi, Qatari and Kuwaiti moves.
• Egypt diverges: The Egyptian market closed mixed, with the EGX30 ending at its lowest level since April 2026, according to CNBC Arabia. The index had opened the session with collective losses across Egyptian benchmarks, trading below 49,000 points, and did not recover the ground through the day.
• The spread: The session produced an unusually wide performance gap within a single trading day, from Saudi Arabia's 3.5% jump at the top to Dubai's 0.3% at the bottom, with Egypt's benchmark moving in the opposite direction entirely while every Gulf index closed in positive territory.
• Open-to-close pattern: Three of the four Gulf markets finished the day well above where they started: Saudi Arabia opened mixed before adding to its early 2% rise, Qatar multiplied its 0.5% opening gain fivefold, and Kuwait built on a green open. The momentum ran in one direction across the region.
• No stated driver: The closing reports did not identify a catalyst behind the regional rally, name the sectors or individual stocks leading the gains, or give trading volumes and values for any of the five markets covered in the session.

Between the lines

The divergence is the story. Gulf indices moved together and in the same direction, while Egypt's EGX30 fell to a six-month low on the same day — a split consistent with regional rather than purely local drivers on the Gulf side. The scale of the gap, from 3.5% in Riyadh to 0.3% in Dubai, also suggests the rally was uneven rather than uniform across the region.

What's next

Tuesday's opens will show whether the Gulf rally carried over or was a single-session move, and whether Egypt's EGX30 stabilizes above or slips further below the 49,000-point area.

Source: CNBC Arabia