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‎TASI jumps 84% in six years since COVID-19 low

2026-03-17

The Saudi stock market index (TASI) has surged 84% over six years since hitting its pandemic low of 5,960 points in March 2020. This recovery, reaching 10,946 points by March 2026, reflects resilience amid global economic turbulence and Saudi Arabia's post-pandemic reforms. The rebound followed strict pandemic measures in 2020, which caused widespread market volatility and stock price declines. Key factors include Vision 2030-driven economic diversification, increased foreign investment, and stronger corporate earnings in sectors like energy, banking, and construction. This growth underscores the TASI's appeal to both domestic and international investors seeking emerging market exposure. The index's performance highlights Saudi Arabia's economic restructuring and its ability to attract capital despite geopolitical risks. Traders should monitor ongoing reforms, global oil prices, and regional economic indicators for potential volatility. The sustained upward trend also signals confidence in the kingdom's long-term economic strategy. For Gulf investors, the TASI's recovery offers opportunities in a market poised for further growth. Key areas to watch include the impact of Saudi Aramco's performance, regulatory changes in the financial sector, and the role of technology and infrastructure projects in sustaining momentum. The index's trajectory remains a critical barometer for the Middle East's economic health.

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