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, following the impact of the global financial crisis at the time.

The benchmark saw a rebound in the second half of 2007 and early 2008, driven by petrochemical prices reaching historic highs, pushing the index near 12,000 points. However, the global crisis, which sparked in mid-2008, weighed on the markets worldwide.

TASI ended today, March 9 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.