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Saudi stocks fall 6 amid oil and rate tests
The Saudi stock market recorded a 6% decline in the last quarter of 2026, closing at 10,455 points. The decline was influenced by fluctuations in oil prices, rising global bond yields, and changes in financing costs. The market experienced significant volatility in oil prices, with Brent crude surpassing $102 per barrel before settling at $102.25, amid anticipation of emergency stock releases and their impact on prices. Additionally, the Saudi Central Bank raised interest rates, leading to higher borrowing costs for companies—especially those with high debt levels—and affecting corporate valuations. Meanwhile, there was a substantial expansion of foreign investors and increased market liquidity, contributing to the overall market dynamics.
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