Saudi Arabia Stock Index Rises as Major Banks and Energy Giants Lead Market Gains

2026-10-05 companies

Riyadh, Sunday, 4 October 2026.
Saudi Arabia’s main stock index surged 1.1% on October 4, 2026, boosted by gains in market giants Saudi Aramco and Al Rajhi Bank, alongside new exchange liquidity measures.

Market Performance and Heavyweights

Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed on October 4, 2026, at 10,506 points, marking a 1.1% increase equivalent to 113 points [1]. Total turnover for the trading day reached SAR 2.3 billion, reflecting active participation across key sectors [1]. Market heavyweights Saudi Aramco and Al Rajhi Banking and Investment Corporation dictated trading momentum as global asset managers gauged regional economic sentiment in early October 2026 [1]. Saudi Aramco stock price closed at SAR 25.42, reflecting a daily increase reported at 1% in market summaries [1]. Other data indicates a 0.55% daily increase with a trading volume of 4,706,046 shares [2]. Al Rajhi Bank gained 2% to SAR 64.05, reinforcing its position as a primary indicator for regional banking liquidity [1].

Capitalization and Strategic Positioning

As of October 4, 2026, Saudi Aramco remains the dominant heavyweight on the Tadawul exchange with a market capitalization of 6,151,640 million SAR [3]. This valuation underscores its status as the world’s most profitable corporation, maintaining a market capitalization exceeding USD 1.8 trillion [6]. Al Rajhi Bank maintains a significant market valuation of 384,300.00 million SAR, serving over 12 million customers as the world’s largest Islamic bank by market capitalization [3][6]. The energy sector aggregate market capitalization stands at 6,242,670.61 million SAR, with Aramco contributing significantly to the sector’s combined net income of 245,826.91 million SAR [3]. These foundational stocks offer critical insight into foreign capital inflows and domestic spending under Saudi Arabia’s Vision 2030 initiatives [1].

Liquidity Measures and Sector Divergence

In a move to enhance liquidity, the Saudi Exchange approved SNB Capital’s request to conduct market-making activities for Almarai, Al Rajhi Bank, and SABIC effective October 5, 2026 [5]. Market-making obligations for these stocks will include a minimum order presence of 80% and a maximum spread of 0.65% [5]. Conversely, not all energy-linked stocks performed positively; Luberef declined 3% to SAR 124.70 as it traded ex-dividend [1]. The stock closed at 124.70 SAR, down from a previous close of 128.00 SAR, representing a calculated change of -2.578 [7]. The ex-dividend date for Luberef was scheduled for October 4, 2026, with a dividend yield of 6.25% [7]. High trading volume activity was also noted in other sectors, with Armah, Raydan, and Herfy Foods trading significantly above their 3-month average volumes [1].

Sources

Saudi equities Tadawul exchange