TASI Falls Below 9,500 to Its Lowest Intraday Level Since April 2021
Key Facts
Saudi Arabia’s benchmark TASI fell below 9,500 during trading on October 25, reaching its lowest level since April 2021 after losing 2% at 11:46 Riyadh time, according to an Investing.com report. The decline came in the market’s fifth session of losses, amid a broad retreat across sectors. Price lows widened to more than 200 companies setting yearly lows, while 52 companies and funds recorded their lowest levels since listing. The report said liquidity had not exceeded 1.5 billion riyals at the time of publication. These figures show the breadth of pressure on the market during the session, spanning the index, listed stocks and funds.
The decline was not confined to the benchmark: insurance and investment and finance led losses, while all sectors fell, according to the report. Among the widening price lows, the source said Al Rajhi Bank was among the companies leading those that recorded yearly lows. The report also described 52 cases as companies and funds reaching their lowest levels since listing, a description tied to the period since listing and not necessarily meaning that each security reached its all-time low. The yearly low recorded by more than 200 companies is a separate measure of how broadly the decline extended during the year. The report placed liquidity below 1.5 billion riyals in the context of the session, without giving a final closing figure. At the time specified in the report, the index had lost 2% and fallen below 9,500.
Investing.com linked market pressures to geopolitical turmoil and the escalation of the war in the Middle East, citing oil prices of $103.4 a barrel for West Texas Intermediate crude and $116.9 a barrel for Brent. The source presented these developments and prices as context for the decline, without assigning a separate numerical impact to each factor on the index. This follows TASI’s close at 9,952 on October 20, down 1.7%, or 172 points, its lowest close since April 2021, according to Asharq Al-Awsat. Trading value in that session was about 3.8 billion riyals. The October 20 figure describes the closing level, while the October 25 decline refers to the lowest level the index reached during trading, making them different measures. In the October 20 session, the index moved between 9,941 and 10,116.
In the October 20 session, Aramco and Al Rajhi Bank shares fell 1% each, while Mobily, BSF and Yamama Cement declined between 1% and 3%, and Yanbu shares fell 7%, according to Asharq Al-Awsat. Shares of SABIC Agri-Nutrients and Bank Albilad also fell 3% each after announcing their financial results for the third quarter of 2026. Ahead of the October 25 session, TASI closed at 9,696 on October 22, its lowest close since 2021, with trading of about 4.9 billion riyals, according to Asharq Al-Awsat. The index moved between 9,640 and 9,888 in that session. Saudi National Bank led losses, falling more than 5% to 34.62 riyals, with about 9 million shares traded. Aramco and Al Rajhi shares fell 1% each, while Ma’aden lost 5%; shares of Retal, Yamama Steel, East Pipes, Jahez, Gulf Training and Saudi Steel Pipes also fell between 5% and 9%.
Investing.com’s calendar lists the release of Saudi gross domestic product growth data for the third quarter on November 1, 2026, and shows -4.70% as the previous reading, which was for the second quarter. In the final second-quarter release dated September 8, 2026, the reading was -4.70%, compared with a previous estimate of -4.80%. The figure previously listed in the calendar is therefore not a forecast for the third-quarter release, and the open calendar does not confirm a new forecast for that release. Separately, the International Monetary Fund forecast in July that Saudi real GDP would grow 1.7% in 2026 and 5.5% in 2027. The third-quarter release is the next economic event listed on the calendar, dated November 1, following a session in which the index fell below 9,500 and price lows widened.