The Saudi stock market (Tadawul) closed its last session before the Eid al-Adha holiday on Thursday, May 21, 2026, with a slight gain. The TASI index recorded 11,028 points, up 0.4% (+42 points), with trading volumes reaching 11.1 billion SAR. In this report, we review the market’s key movements before the holiday and expectations for trading resumption on Sunday, May 31.
📊 Market Performance in the Last Session
TASI ended Thursday’s session higher after a volatile day, hitting a high of 11,032 points and a low of 10,973 points. Some 180 companies rose compared to 93 decliners, indicating a broadly positive sentiment before the holiday break.
Since the beginning of 2026, TASI has gained 5.1%, reflecting the strength of the Saudi economy and continued growth in non-oil activities.
🏢 Key Stock Movements
Top Gainers
- Kingdom Holding (+8%) — Jumped to 12.35 SAR amid anticipation of the SpaceX IPO, in which the company holds a stake.
- Cenomi Retail (+7%) — Closed at 13.37 SAR.
- Al-Ahli Saudi Bank (+2%) — Rose to 39.40 SAR, supported by record banking sector profits.
- Saudi Aramco (+0.14%) — Closed at 27.90 SAR.
- ACWA Power (+0.8%) — At 184.70 SAR with very active trading volumes.
Top Losers
- SABIC (-1.55%) — At 57.20 SAR, despite improved Q1 profits.
- Al-Rajhi Bank (-0.8%) — At 66.60 SAR.
- Redan (-2%) — At 13.04 SAR after a capital reduction recommendation.
- Tasheel (-3%) — Recorded its lowest close since listing at 39.90 SAR.
🏛️ Key Sector Performance
Banking Sector: Saudi banks continued their strong performance, with corporate segment profits rising 11% to 13.05 billion SAR. Banks distributed 41.7 billion SAR in dividends for 2025, yielding 4.1%, above the market average of 3.1%.
Petrochemicals Sector: The sector showed notable improvement in Q1 2026, with profits of 1.84 billion SAR. SABIC returned to profitability after losses in 2025, driven by restructuring and cost-cutting programs. However, the sector remains under pressure from global demand weakness and oversupply.
📋 Session Summary — Thursday, May 21, 2026
| Indicator | Value |
|---|---|
| TASI Index | 11,028 points (+0.4%) |
| Trading Value | 11.1 billion SAR |
| Advancing Companies | 180 |
| Declining Companies | 93 |
| High | 11,032 points |
| Low | 10,973 points |
| YTD 2026 Performance | +5.1% |
🔮 Outlook After Eid al-Adha
Trading resumes on Sunday, May 31, 2026 after a week-long break. Analysts expect a positive market reaction driven by:
- Rising oil prices — supporting energy and petrochemical stocks.
- GDP growth — continued non-oil sector expansion and consumer spending.
- Improving geopolitical conditions — easing global tensions boosting investor appetite.
- MSCI index review trades — quarterly rebalancing coincided with the holiday period.
On the flip side, analysts warned of potential volatility in the first week after the holiday, due to the break’s impact on liquidity and ongoing global inflation pressures.
❓ Frequently Asked Questions
When will trading resume after Eid al-Adha?
Trading on the Saudi stock market (Tadawul) resumes on Sunday, May 31, 2026, after a holiday that started on May 24.
How much has TASI risen since the start of 2026?
TASI has risen by 5.1% since the beginning of 2026 through the Eid al-Adha break, reflecting positive performance.
Which sectors are performing best in the Saudi market?
The banking sector leads with record profits and high dividend yields. The petrochemicals sector is showing gradual improvement after earlier losses. The energy sector is supported by rising oil prices and Aramco’s stable performance.
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