Sharp Decline in the Saudi Market Amid Banking Pressures.. Kuwait Rises and Qatar Declines
December 14, 2025433 ViewsRead Time: 2 minutes
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The Saudi financial market opened its week with a noticeable decline, as the TASI index lost about 127 points to close at 10,589 points, down by 1.2%, amid weak trading valued at approximately 2.5 billion riyals (670 million dollars).
The session was characterized by clear selling pressure and a lack of risk appetite, which returned the index to a corrective path after limited attempts to stabilize in recent days.
According to analysts, the absence of short-term catalysts and declining liquidity made the market susceptible to further fluctuations, especially with pressures concentrated on the banking sector.
Al Rajhi Bank led the decline with a loss exceeding 1% to close at 97.65 riyals, while shares of other banks such as National Commercial Bank, Arab National Bank, Riyad Bank, Alawwal, Albilad, Aljazira, and BSF recorded losses ranging between 1% and 4% in a collective sell-off within the sector.
On the individual stock front, the newly listed CGS share dropped by 7% to close at 8.90 riyals, down about 11% from the subscription price, while the Saudi Group share lost 4% after the end of the cash distribution entitlement.
In contrast, there were limited support attempts through selective increases, most notably the Sports Clubs share which rose by 4%, in addition to slight gains for National Manufacturing shares, Flynas, Gas, Almarai, and Almajidiyah.
