Overview:
The Saudi stock market reversed a five-session decline on Monday, with 259 of 292 listed companies posting gains. Market capitalisation increased to 8.99 trillion riyals as investors regained confidence following recent losses totaling 750 points over the previous trading week. The rally reflects broader momentum in Arabian Gulf equities ahead of anticipated US Federal Reserve rate decisions later this week.
Details:
Listed companies on the Main Market Index (Tasi) accumulated 208.77 billion riyals in market gains by the close of trading Monday, marking the strongest daily performance this year. The index reached an intraday high of 9,796 points and a low of 9,545 points during the session.
Separately, the private sector's water investments in Saudi Arabia have exceeded 56 billion riyals, according to remarks delivered at the Arab Ministerial Water Council's 17th session in Cairo. The Kingdom announced launch of registration for the Global Water Forum scheduled for Riyadh in 2027, underscoring its water security strategy amid regional resource scarcity and climate pressures.
Non-petroleum exports expanded 8.5 percent year-on-year in August, reaching 36.51 percent of total imports — a marginal uptick from 36.48 percent in August 2025. Plastics, rubber and chemicals led non-oil shipments, with Jeddah port handling the largest share of trade traffic.
Outlook:
Investors remain focused on the US Federal Reserve's policy meeting on October 27–28, with Middle Eastern markets sensitive to any signals regarding interest rate trajectories. Regional institutional investors are also tracking the Saudi government's renewable energy integration targets and military spending localisation efforts, which reached 27.3 percent by end-2025, advancing toward the Vision 2030 goal of 50 percent.