Saudi Stock Market Surpasses 10,500 Points as Liquidity Improves and Investors Await Earnings
The Saudi stock market rose at the start of the trading week, breaking above the key 10,500-point level, supported by gains across most listed stocks amid attractive valuations, while investors await the announcement of annual corporate earnings.
Youssef Youssef, Director of Financial Data Development at Argaam, said market liquidity has improved in recent sessions, with average daily trading exceeding SAR 4 billion last week, a level not seen for nearly six weeks. He also expects strong foreign capital inflows next month.
The move comes after the Capital Market Authority (CMA) announced last week the full opening of the Saudi stock market to all categories of foreign investors, allowing direct investment starting February, a step aimed at diversifying the investor base and boosting liquidity.
Trading activity remains selective, particularly ahead of earnings releases, with expectations of strong annual profits in several sectors, led by banks. Central bank data indicate banking sector profits rose 19% in November 2025, supported by increased sukuk issuance, which eases pressure on bank liquidity.
The benchmark Tadawul All Share Index (TASI) climbed more than 1% in early trading to 10,579 points, driven by gains in energy, banking, and telecommunications stocks, while SABIC shares declined 0.6%.
Market analyst Mohammed Al-Maimouni said the index is showing solid upward momentum above its 50-day and 100-day moving averages, paving the way for a potential move toward 10,600 points.
Shares of Bupa Arabia, the largest listed insurance company by market value, rose 0.9% after the firm announced plans to transform into a holding company, separating its insurance operations into a new closed joint-stock entity.
