Saudi market performance since COVID bottom

Five years have passed since the Tadawul All-Share Index (TASI) reached March 2020 bottom. The benchmark hit its lowest level since 2016, falling 5.2% to 5,960 points, as several stocks declined to their daily limit.

The market decline during that session was driven by the impact of the COVID-19 pandemic, as Saudi Arabia decided to intensify precautionary measures to curb the spread of the virus.

Closing at 11,854 points, the index has leapt 99%, or 5,894 points, compared to its bottom on March 16, 2020.