Saudi Stocks Close Higher: Tadawul All Share Index Up 1.10%

Saudi Arabian equities ended Sunday's trading session with gains. The Tadawul All Share Index (TASI) rose by 1.10%, driven by strong performance in the insurance and media sectors. This upward movement was supported by an increase in global oil prices.

Borsaya Newsroom

Investing.com

August 2, 2026 at 12:45 PM

3 min read

Saudi Arabia's stock market closed higher on Sunday, with the Tadawul All Share Index (TASI) gaining 1.10% at the close of trade. The positive performance was primarily led by robust gains in the Insurance, Media & Publishing, and Building & Construction sectors.

During the session, a total of 232 stocks advanced, while 82 declined and 21 remained unchanged on the Saudi Exchange. Among the top performers, Lazurde for Jewelry Co (4011) surged by 9.97%. National Medical Care Company (4005) also saw a significant increase of 8.05%, and Retal Urban Development Company SJSC (4322) climbed 6.50%. Conversely, Methanol Chemicals Company (2001) was among the worst performers, dropping 9.97%. Al ELM Information Security Company CJSC (7203) fell 7.67%, and Takween Advanced Industries (1201) declined by 4.04%.

The upward momentum in the equity market was complemented by rising crude oil prices. September delivery crude oil futures were up 1.29% to $84.67 a barrel, and October delivery Brent oil futures rose 1.22% to $90.12 a barrel. In contrast, August Gold Futures contracts experienced a decline of 1.29%, trading at $4,107.00 per troy ounce. The EUR/SAR and USD/SAR currency pairs showed minimal change.

The Tadawul All Share Index (TASI) is a key benchmark that tracks the performance of all companies listed on the Saudi Stock Exchange. Established with a base value of 1000 in 1985, the index was reorganized on June 30, 2008. Given Saudi Arabia's significant reliance on oil revenues, global oil price fluctuations often have a direct and substantial impact on the TASI's performance.

Market analysts and economic models present varied expectations for the TASI's future trajectory. According to Trading Economics, the index is projected to trade at approximately 10444.99 points by the end of the current quarter, with an estimated decline to 9747.84 points in 12 months. These forecasts are subject to changes based on the evolving global economic outlook, developments in oil markets, and the effectiveness of Saudi Arabia's economic diversification initiatives. Investors continue to closely monitor regional and global economic trends, as well as volatility in energy markets.