Saudi Arabia’s benchmark TASI index remains anchored near the 11,000-point level, failing to reflect the scale of economic transformation underway in the Kingdom.
Despite years of sweeping reforms under Vision 2030, characterized by heavy sovereign investment and robust non-oil sector growth, the equity market has struggled to generate sustained upward momentum.
4% as investors navigated a complex mix of corporate and geopolitical signals.
The disconnect between macroeconomic fundamentals and equity performance highlights a persistent valuation gap that investors are navigating with caution.
The stagnation contrasts with recent activity across the broader Gulf region.
Most Gulf stock markets closed higher on Tuesday, with Saudi Arabia’s benchmark index rising 0.4% as investors navigated a complex mix of corporate and geopolitical signals.
Major Gulf stock markets advanced in early trading on Wednesday, led by Saudi Arabia’s benchmark index, which climbed 0.5%.