Saudi Stocks Rise on Banks and Petrochemicals

The Saudi stock market recorded gains during 2026, supported mainly by strength in banking and petrochemical shares, Leading banks and energy names ranked among the biggest contributors to the index's rise.

In the first quarter of 2026, the main index (TASI) climbed 7.2% to reach 11,250 points. Among the standout performers were Petro Rabigh, which surged 54%, SABIC Agri-Nutrients, up 31%, and Al Rajhi Bank, which added 9% over the period.

Early in the year, Saudi Aramco and several banks — including SNB and Al Rajhi Bank — were repeatedly listed among the day's gainers, with market commentary pointing to the banking and materials/petrochemical sectors as the main drivers behind the rally. On 7 August 2026, trading data showed active movement in Saudi Aramco, SNB and Petro Rabigh, in line with the continued strength of energy and banking shares.

A key policy shift

One of the most significant developments of 2026 was the decision to allow all foreign investors to invest directly in the Saudi primary market, effective 1 February 2026. The move widens access to the market and is expected to broaden the base of participants over time.

For residents and investors in the Kingdom, the market's performance reflects continued momentum in two sectors that carry heavy weight in the index. While past gains are not a guarantee of future returns, the numbers offer a snapshot of where activity has concentrated during the year.

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