AI Summary
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 %) |
-- |
Be the first to comment
Comments Analysis: