Saudi Market Extends Gains on Support from Blue-Chip Stocks

Two men talk at the Saudi Stock Exchange (Tadawul) in Riyadh, Saudi Arabia. (Reuters)
Two men talk at the Saudi Stock Exchange (Tadawul) in Riyadh, Saudi Arabia. (Reuters)
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Saudi Market Extends Gains on Support from Blue-Chip Stocks

Two men talk at the Saudi Stock Exchange (Tadawul) in Riyadh, Saudi Arabia. (Reuters)
Two men talk at the Saudi Stock Exchange (Tadawul) in Riyadh, Saudi Arabia. (Reuters)

The Saudi Stock Exchange's main index (TASI) ended Wednesday's session up 0.3%, closing at 10,888 points, a gain of 29 points and its highest close in more than a month. Total trading turnover reached approximately SAR 5.1 billion.

Blue-chip stocks supported the market's advance. Shares of Al Rajhi Bank rose 1% to SAR 65, while ACWA Power climbed 3% to SAR 201.30. Maaden also gained 2%, closing at SAR 59.60.

Shares of Alandalus Sports Clubs, Al Wataniya, ACIG, Aslak, and PCI advanced between 5% and 10%.

On the downside, Saudi Aramco slipped 1% to SAR 26.74, while The Saudi Investment Bank fell 2% to SAR 13.80 after trading ex-dividend for its cash distribution.

Several stocks came under pressure following the release of their financial results. Retal and Marafiq declined 8% and 10%, respectively, after reporting losses for the second quarter of 2026.

Meanwhile, Lumi Rental recorded its lowest closing price since its market debut, falling 5% to SAR 27.24, after the company announced an 80% year-on-year decline in second-quarter profit.