TASI: A look back at sharpest daily falls since 2008

Tadawul trading screen

Saudi Arabia’s benchmark Tadawul All Share Index (TASI) marked the biggest drop since 2008, as it lost more than 800 points (6.7%) to close at 11,077 points on April 6.

 

The index also recorded the lowest close since November 2023 and the largest daily loss in terms of ratio since March 2020 (COVID-19 outbreak).

 

The stocks tumble followed similar declines in the oil and global markets over the weekend after China announced retaliatory tariffs on the United States.

 

Year-to-date Saudi market losses reached approximately 960 points, or 8%, compared to the 2024 closing price.

 

Sharpest TASI Declines since 2008

Date

Close

(Pts)

Change (Pts)

Change (%)

Notes

6 Oct. 2008

6727

(732)

(9.8 %)

The global financial crisis

22 Jan. 2008

9193

(977)

(9.6 %)

Fears of a global economic slowdown

22  Nov.  2008

4432

(448)

(9.2 %)

The global financial crisis

25  Oct.  2008

5625

(536)

(8.7 %)

The global financial crisis

8  March  2020

6846

(621)

(8.3 %)

The Coronavirus pandemic and the decline in oil prices

9  March  2020

6316

(531)

(7.8 %)

The Coronavirus pandemic and the decline in oil prices

20  Jan.  2008

10453

(839)

(7.4 %)

Fears of a global economic slowdown

3  May  2020

6586

(527)

(7.4 %)

Repercussions of the Coronavirus pandemic

15  Nov.  2008

5080

(405)

(7.4 %)

The global financial crisis

16  Dec.  2014

7330

(575)

(7.3 %)

The decline in oil prices

23  Aug.  2015

7463

(550)

(6.9 %)

The decline in oil prices to lowest price since the global financial crisis

6  April  2025

11077

(805)

(6.8 %)

Retaliatory tariffs 

25  May  2010

5760

(417)

(6.8 %)

Europe's sovereign debt crisis

3  Jan. 2011

5539

(403)

(6.8 %)

Political tensions in some regional countries

12  Oct.  2014

10145

(706)

(6.5 %)

--

15  Sept.  2008

7255

(504)

(6.5 %)

The global financial crisis

29  Jan.  2011

6267

(431)

(6.4 %)

Political tensions in some regional countries

24  Aug.  2015

7025

(439)

(5.9 %)

--

8  June  2011

6073

(351)

(5.5 %)

--

17  Jan.  2008

5520

(318)

(5.4 %)

Fears of a global economic slowdown

9  June  2011

8045

(460)

(5.4 %)

--

18  Oct.  2020

6504

(359)

(5.2 %)

--

16  March  2020

5960

(328)

(5.2 %)

Repercussions of the Coronavirus pandemic

11  Nov.  2008

5466

(300)

(5.2 %)

The global financial crisis

27  Feb.  2011

5951

(313)

(5.0 %)

--

20  Jan.  2016

5460

(287)

(5.0 %)

--

25  March  2015

8868

(463)

(5.0 %)

--

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