The Saudi stock market records its highest monthly gains since 2022
The Saudi stock market witnessed a strong and historic start to 2026, with the Tadawul All Share Index (TASI) recording a remarkable increase of approximately 891 points during January, reflecting significant optimism among investors. This surge represents the largest monthly gain the market has achieved in four years, specifically since January 2022, further solidifying the attractiveness of the Saudi financial market as one of the most important emerging markets in the region.
Exceptional performance and record profits
The general index closed January at 11,382 points, achieving a growth rate of 8.5% compared to the December 2025 closing of 10,491 points. This strong rise did not occur in a vacuum, but was supported by a package of economic and regulatory incentives that boosted market liquidity and increased risk appetite among traders, both institutional and individual.
Opening the market to foreign investors: a turning point
Perhaps the most significant factor contributing to this positive performance is the strategic decision made earlier this month by the Capital Market Authority to open the Saudi financial market to all categories of foreign investors, enabling them to invest directly without complex restrictions, effective February 1st. This move is seen as a cornerstone for deepening the market and increasing foreign capital inflows, aligning with the goals of Vision 2030 to diversify income sources and establish the Saudi financial market as a global investment platform.
Leading sectors are driving the rise
In terms of company performance, major and leading companies played a pivotal role in pushing the index into positive territory. Shares in the banking and energy sectors saw mixed gains, with oil giant Saudi Aramco rising by 8%, Al Rajhi Bank jumping by 10%, and the National Commercial Bank achieving remarkable gains of 18%. This performance reflects the strength of the Kingdom's financial and banking sector and its ability to achieve sustainable growth.
The mining and industrial sector is at the forefront
Amac topped the list of the biggest gainers with a 33% increase, followed by Ma'aden with a 27% rise. This surge reflects the growing interest in the mining sector as a third pillar of Saudi industry, particularly given the government's efforts to maximize the utilization of mineral resources. Other companies that saw gains included Shams, Shari, Saudi Electric Industries, and Al Ramz, with increases ranging between 22% and 23%.
Winners and losers
Conversely, the market was not without some declines and profit-taking in specific stocks, with "Naseej" leading the list of declining companies with a 24% drop, followed by "Red Sea" at 18%, and then "Thimar" at 14%. Despite these individual declines, the overall market momentum remains very positive, supported by optimistic economic forecasts for the coming period.
