Saudi Arabia’s benchmark Tadawul All-Share Index (TASI) rose 0.68 percent or 59 points to finish Wednesday’s trading at 8,801.68 after trading between 8,714.99 and 8,802.92.
On year-to-date basis, it showed a yield of 3.12 percent only. All market cap indices ended in the safe area. Most of the major sectors closed in the green territory, accumulating an aggregate of 1,178 points.
Petrochemical Industries and Tourism were best performing sectors of the day, each advancing by 1.74 percent.
Telecommunication & Information Technology, on the other hand, posted the largest losses, turning down 3.93 percent to 2,029.61.
Top ten heavyweights except Kingdom holding finished to the upside, with market leader SABIC (Saudi Basic Industries Corp.) surging over two percent and Al-Rajhi Bank by 1.79 percent.
Al-Rajhi also led the activity charts, contributing a market share of 32.7 percent in terms of liquidity and 17.7 percent on volume basis. Interestingly, the bank volume went 15.2 times high over its 50-day average, liquidating 51.8 million shares.
Advancing stocks outnumbered decliners by a huge margin of 114 to 32 and the prices of 16 companies remained unchanged.
Malath Cooperative Insurance turned in a splendid performance among all Saudi stocks, marching higher by 6.47 percent. It has achieved an increment of 108 percent in one year. Malath is trading near four-year high, closing at SR39.29.
Alhokair Group was another key gainer and rose 5.3 percent for the day. The company volume was 140 percent greater than previous level.
Market activity was high, specifically SR9.95 billion were poured into the market.
Trading volume was impressive, with about 293 million shares changed hands in the market, a significant 23 percent growth over the previous level. Tadawul turnover also went high over the 50-day average, ranging from 25-to-30 percent.
TADAWUL: Petchem, Tourism stocks gain 1.74%
TADAWUL: Petchem, Tourism stocks gain 1.74%
Gulf-EU value chain integration signals shift toward long-term economic partnership: GCC secretary general
RIYADH: Value chains between the Gulf and Europe are poised to become deeper and more resilient as economic ties shift beyond traditional trade toward long-term industrial and investment integration, according to the secretary general of the Gulf Cooperation Council.
Speaking on the sidelines of the World Governments Summit 2026 in Dubai, Jasem Al-Budaiwi said Gulf-European economic relations are shifting from simple commodity trade toward the joint development of sustainable value chains, reflecting a more strategic and lasting partnership.
His remarks were made during a dialogue session titled “The next investment and trade race,” held with Luigi Di Maio, the EU’s special representative for external affairs.
Al-Budaiwi said relations between the GCC and the EU are among the bloc’s most established partnerships, built on decades of institutional collaboration that began with the signing of the 1988 cooperation agreement.
He noted that the deal laid a solid foundation for political and economic dialogue and opened broad avenues for collaboration in trade, investment, and energy, as well as development and education.
The secretary general added that the partnership has undergone a qualitative shift in recent years, particularly following the adoption of the joint action program for the 2022–2027 period and the convening of the Gulf–European summit in Brussels.
Subsequent ministerial meetings, he said, have focused on implementing agreed outcomes, enhancing trade and investment cooperation, improving market access, and supporting supply chains and sustainable development.
According to Al-Budaiwi, merchandise trade between the two sides has reached around $197 billion, positioning the EU as one of the GCC’s most important trading partners.
He also pointed to the continued growth of European foreign direct investment into Gulf countries, which he said reflects the depth of economic interdependence and rising confidence in the Gulf business environment.
Looking ahead, Al-Budaiwi emphasized that the economic transformation across GCC states, driven by ambitious national visions, is creating broad opportunities for expanded cooperation with Europe.
He highlighted clean energy, green hydrogen, and digital transformation, as well as artificial intelligence, smart infrastructure, and cybersecurity, as priority areas for future partnership.
He added that the success of Gulf-European cooperation should not be measured solely by trade volumes or investment flows, but by its ability to evolve into an integrated model based on trust, risk-sharing, and the joint creation of economic value, contributing to stability and growth in the global economy.
GCC–EU plans to build shared value chains look well-timed as trade policy volatility rises.
In recent weeks, Washington’s renewed push over Greenland has been tied to tariff threats against European countries, prompting the EU to keep a €93 billion ($109.7 billion) retaliation package on standby.
At the same time, tighter US sanctions on Iran are increasing compliance risks for energy and shipping-related finance. Meanwhile, the World Trade Organization and UNCTAD warn that higher tariffs and ongoing uncertainty could weaken trade and investment across both regions in 2026.
