TASI falls 0.4% as Ma’aden and Aramco weigh on Saudi market

The Saudi market index fell 0.4% during Tuesday’s trading session on September 29, 2026, in a session affected by the performance of several blue-chip stocks, amid caution across Gulf markets and sharp moves in energy prices and global markets.

Ma’aden and Aramco under pressure

According to market data reported by Reuters, shares in Saudi Arabian Mining Company “Ma’aden” fell about 1.9%, while Saudi Aramco shares declined 0.2%. The Saudi performance came amid mixed results across Gulf stock markets, with Qatar’s index falling, while Dubai posted modest gains and Abu Dhabi’s market was nearly unchanged.

Oil prices remain an important factor in investors’ assessment of Gulf equities, particularly as volatility continues in energy markets and global financing costs rise. At the same time, investors are monitoring developments related to foreign inflows and the performance of leading sectors within the market.

Global markets heighten caution

Global markets are facing pressure from rising bond yields and oil prices, bringing inflation and interest-rate concerns back to the forefront. This is affecting risk appetite in equity markets, including emerging and Gulf markets.

Assessing the Saudi market session requires looking at the movement of the index, liquidity and sector performance as a whole, rather than the movement of a single stock. Daily moves also do not constitute investment advice or a guaranteed indicator of the direction of upcoming sessions.

What are investors watching?

Attention is turning to the performance of banking, energy and basic materials stocks, along with any new company announcements on Tadawul, as investors continue to monitor oil prices, U.S. yields and the direction of the dollar.

Sources

Reuters: https://www.reuters.com/world/middle-east/major-gulf-stocks-trade-mixed-after-renewed-us-iran-peace-talks-2026-09-29/