RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Wednesday, gaining 164.38 points, or 1.6 percent, to close at 10,455.14.
TASI surged at opening, posting its largest single-day gain since September 2025, following the Kingdom’s Capital Market Authority decision to fully open the market to all categories of foreign investors.
The benchmark index opened with a sharp rise, climbing 2.5 percent and breaking through the 10,500-point barrier. The rally was broad-based, with 260 listed companies initially advancing.
By market close, the total trading turnover of the benchmark index was SR6 billion ($1.6 billion), as 212 of the listed stocks advanced, while 49 retreated.
The MSCI Tadawul Index increased, up 24.02 points — or 1.76 percent — to close at 1,392.51.
The Kingdom’s parallel market Nomu gained 164.26 points, or 0.7 percent, to close at 23,491.86. This came as 40 of the listed stocks advanced, while 33 retreated.
The best-performing stock was Saudi Research and Media Group with its share price surging by 7.83 percent to SR128.
Other top performers included Arabian Contracting Services Co., which saw its share price rise by 7.05 percent to SR119.90, and CHUBB Arabia Cooperative Insurance Co., which saw a 6.92 percent increase to SR20.85.
On the downside, the worst performer of the day was Raydan Food Co., whose share price fell by 3.54 percent to SR22.32.
National Shipping Co. of Saudi Arabia and Cherry Trading Co. also saw declines, with their shares dropping by 3.34 percent and 3.03 percent to SR24.30 and SR25.60, respectively.
On the announcements front, Riyad Bank has formally launched the offering of its US dollar denominated Tier 2 capital sustainable notes, commencing on Jan. 7.
The offering, open to eligible investors in Saudi Arabia and internationally, will run until Jan. 8, subject to market conditions. The final amount, pricing, and return of the Notes will be determined based on prevailing market demand.
The 10-year securities, which are callable after 5 years, carry a minimum subscription of $200,000 and will be listed on the London Stock Exchange’s International Securities Market.
A syndicate of 10 Joint Lead Managers, including First Abu Dhabi Bank, HSBC Bank plc, and Riyad Capital, among others, has been mandated to manage the issuance. This move aligns with the bank’s strategic funding and sustainability objectives, following its initial announcement of intent on Jan. 6.
RIBL’s shares traded 1.76 percent higher on the main market today to reach SR26.66.
