Saudi stocks end five-month rise amid Aramco pressure
On August 6, 2026, the Saudi stock market ended a five-month winning streak following a broad-based sell-off that impacted most shares, driven by pressure from "Aramco" and "Acwa". The "TASI" index closed at 10,811 points, down by 0.7%. This was the largest daily decline in a week, after reaching a session high of 10,910 points. Shares of 183 companies declined, while 61 companies advanced. Most sectors were affected, especially utilities, with "Acwa" dropping over 4%. The sell-off was concentrated among leading stocks, including "Aramco," which fell by 0.9%, and "Al Rajhi Bank," down 0.7%. Despite the decline, trading volume increased by 11% to 5.7 billion riyals, with a higher number of transactions. Liquidity remained focused on the major stocks, which continue to support the market’s valuation, as the price-to-earnings ratio decreased to around 15.8 times, with expectations of corporate profit growth. The market still remains in a middle ground between highs and lows, testing its ability to hold near 10,800 points, with ongoing attention to liquidity trends and overall performance.
Notice: This Is an AI-Generated Summary
Comments (0)