TASI Jumps 2.3% and Nears 10,000 Points Led by BinDawood
TASI closed up 2.3% at 9,986.45 points in its second consecutive session of gains, with trading value reaching 7.16 billion riyals as BinDawood led the gainers.
TASI, the main benchmark for the Saudi stock market, closed Tuesday's session, October 27, 2026, up 2.3% at 9,986.45 points, marking its second consecutive session of gains.
The index is now approximately 13.5 points away from the 10,000-point level, a psychological threshold closely watched by traders as indices approach it.
Trading value exceeded 7.16 billion riyals during the session, while BinDawood Holding topped the gainers' list with a 10% rise, whereas National Company for Learning & Education fell by 6.48%.
The surge reflects an improvement in risk appetite among traders, ahead of a potential test of the 10,000-point mark, which could act as psychological resistance in upcoming sessions.
What Do These Terms Mean?
TASI: The main index of the Saudi Exchange, measuring the performance of listed stocks through a market-cap weighted index.
Trading Value: The total value of shares traded during the session, used to measure market activity.
Psychological Level: A round number such as 10,000 points closely monitored by traders, which may act as support or resistance when tested.
Resistance: A price level at which the index struggles to rise, as many traders tend to sell at that level.
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