Saudi market performance since March 2009 bottom
Tadawul trading screen
Sixteen years have passed since the Tadawul All-Share Index (TASI) hit its lowest level on March 9, 2009, at 4,130 points amid the global financial crisis.
The benchmark rebounded in the second half of 2007 and early 2008, driven by petrochemical stocks that hit record highs, pushing the index close to 12,000 points. However, the global crisis, which sparked in mid-2008, weighed on the markets worldwide.
TASI ended today, March 9, 2025, at 11,837 points — a surge of 187%, compared to its close on March 9, 2009.
However, the index declined by 6.1% (763 points), down from 12,600 points in March 2024.
TASI Performance Since March 2009 Bottom |
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Period |
March 9, 2009 |
March 9, 2025 |
Change (Points) |
Change (%) |
TASI |
4130 |
11837 |
7707+ |
187%+ |
Lowest Close over the Past Years |
||
Year |
Date |
Lowest Close |
2009 |
March 9 |
4130 |
2010 |
May 25 |
5760 |
2011 |
March 2 |
5323 |
2012 |
Jan. 17 |
6370 |
2013 |
Jan. 1 |
6860 |
2014 |
Dec. 16 |
7330 |
2015 |
Dec. 14 |
6686 |
2016 |
Oct. 3 |
5416 |
2017 |
Nov. 21 |
6778 |
2018 |
Jan. 2 |
7172 |
2019 |
Oct. 15 |
7482 |
2020 |
March 16 |
5960 |
2021 |
Feb. 3 |
8543 |
2022 |
Dec. 12 |
10033 |
2023 |
March 16 |
9977 |
2024 |
June 13 |
11499 |
2025* |
March 6 |
11811 |
Stock Performance
Among the stocks traded on March 9, 2009, 85 rose compared to their closing levels on March 9, 2025, while 30 declined.
Since March 9, 2009, many companies were listed, most notably Saudi Aramco, in addition to several mergers and the delisting of other companies.
Bupa Arabia for Cooperative Insurance Co. topped the list of gainers with a rise of 4,496%, followed by Aldrees Petroleum and Transport Services Co. at (2,222%). Saudia Dairy and Foodstuff Co. (SADAFCO), The Company for Cooperative Insurance (Tawuniya), Saudi Arabian Mining Co. (Maaden), and Abdullah Al Othaim Markets Co. reported gains between 1,147% and 1,650%.
The list also included Al Rajhi Bank, which soared 544%.
The following table shows the top-performing companies since hitting March 9, 2009, bottom:
Top Gainers* |
|||
Company |
March 9, 2009 Close |
March 9, 2025 Close |
Change |
Bupa Arabia |
3.72 |
171.00 |
+4496% |
Aldrees |
5.90 |
137.00 |
+2222% |
SADAFCO |
17.90 |
313.20 |
+1650% |
Tawuniya |
9.32 |
145.20 |
+1459% |
Maaden |
3.57 |
45.50 |
+1175% |
Al Othaim |
0.80 |
9.98 |
+1148% |
SASCO |
6.82 |
70.30 |
+930% |
Astra |
17.41 |
171.80 |
+887% |
Bank Albilad |
4.41 |
37.80 |
+758% |
Budget Saudi |
10.37 |
75.00 |
+623% |
SRMG |
26.00 |
181.80 |
+599% |
Al Rajhi Bank |
15.65 |
100.80 |
+544% |
Arriyadh Development |
5.15 |
32.05 |
+522% |
Batic |
0.49 |
2.79 |
+465% |
Makkah Construction |
19.74 |
109.40 |
+454% |
Saudi Chemical |
1.57 |
8.60 |
+449% |
GASCO |
18.75 |
93.00 |
+396% |
Alinma Bank |
6.06 |
30.00 |
+395% |
Saudi Re |
10.21 |
45.10 |
+342% |
SAIC |
7.32 |
32.10 |
+339% |
Al Jouf Cement |
12.53 |
53.40 |
+326% |
SISCO Holding |
7.62 |
30.45 |
+300% |
Advanced |
7.59 |
28.45 |
+275% |
Bahri |
8.11 |
29.60 |
+265% |
Alkhaleej Training |
7.90 |
28.70 |
+263% |
Tibbiyah |
14.25 |
48.55 |
+241% |
Almarai |
16.54 |
56.10 |
+239% |
Alujain |
9.60 |
32.05 |
+234% |
Jarir |
3.78 |
12.56 |
+233% |
stc |
13.60 |
43.90 |
+223% |
Al Akaria |
7.81 |
25.20 |
+223% |
Savola |
10.93 |
34.20 |
+213% |
Riyad Bank |
9.33 |
29.10 |
+212% |
NADEC |
7.89 |
24.56 |
+211% |
*Adjustments to stock prices due to capital and share changes were taken into account.
Mobile Telecommunication Company Saudi Arabia (Zain KSA) led decliners, plunging 72%, followed by ARTEX Industrial Investment Co. falling 65%.
The following table shows the companies that declined since the March 9, 2009 bottom:
Top Decliners* |
|||
Company |
March 9, 2009 Close |
March 9, 2025 Close |
Change |
Zain KSA |
38.40 |
10.68 |
(72%) |
ARTEX |
36.60 |
12.88 |
(65%) |
Amiantit |
65.61 |
24.00 |
(63%) |
Saudi Cable |
321.60 |
120.80 |
(62%) |
Saudi Fisheries |
263.74 |
108.80 |
(59%) |
Malath Insurance |
31.21 |
13.28 |
(57%) |
Al Sagr |
28.32 |
13.80 |
(51%) |
National Gypsum |
34.20 |
20.62 |
(40%) |
Arabia Insurance |
20.68 |
12.52 |
(39%) |
Saudi Printing |
18.00 |
10.98 |
(39%) |
Salama |
26.42 |
16.14 |
(39%) |
Petro Rabigh |
10.93 |
6.92 |
(37%) |
Saudi Kayan |
9.25 |
5.90 |
(36%) |
Southern Cement |
48.00 |
31.10 |
(35%) |
Nama Chemicals |
42.62 |
28.55 |
(33%) |
ACIG |
21.88 |
14.98 |
(32%) |
UCA |
12.57 |
9.27 |
(26%) |
Chemanol |
18.95 |
14.06 |
(26%) |
Tabuk Cement |
18.20 |
13.70 |
(25%) |
Mutakamela |
19.31 |
14.76 |
(24%) |
Red Sea |
57.07 |
45.80 |
(20%) |
Gulf Union Alahlia |
19.32 |
15.66 |
(19%) |
Tihama |
20.14 |
16.78 |
(17%) |
Thimar |
49.41 |
41.45 |
(16%) |
SVCP |
42.00 |
35.40 |
(16%) |
Tabuk Agricultural |
15.85 |
13.50 |
(15%) |
Eastern Cement |
38.00 |
33.20 |
(13%) |
Emaar EC |
16.69 |
15.08 |
(10%) |
Cenomi Retail |
13.54 |
12.36 |
(9%) |
Yanbu Cement |
24.27 |
22.36 |
(8%) |
*Adjustments to stock prices due to capital and share changes were taken into account.
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