Tadawul trading screen
Saudi Arabia’s TadawulAll Share Index (TASI) ended Q1 2025 slightly lower. It fell by 0.1%, or 12 points, to 12,025 compared to 12,037 in 2024, data compiled byArgaamshowed. 
In the three-month period, listed companies disclosed their annual results for 2024. The market was hurt by the decline in global markets and the US President’s decision on imposing tariffs.
Other events that shaped Q1 2025 included the US Federal Reserve’s decision on holding interest rates steady for two consecutive meetings, with expectations of two potential rate cuts of 25 basis points each in the year.
Donald Trump has been officially inaugurated for a second term as US President.
Five companies—Masar’s operator Umm Al Qura for Development and Construction Co. (UQDC), Entaj, Derayah Financial, Nice One, and Almoosa Health —have been listed and started trading on the Saudi Exchange (Tadawul).
Moreover, the Ministry of Finance announced the actual budget for 2024, with expenditures amounting to SAR 1.37 trillion and revenues of SAR 1.25 trillion, implying in a deficit of SAR 115.6 billion.
Oil prices ranged between $68 and $82 in the first quarter of 2025.
TASI Quarterly Performance Since 2010
Year
Open (points)
Close(points)
Change(points)
2010
Q1
6122
6801
+11.1%
Q2
6801
6094
(10.4%)
Q3
6094
6392
+4.9%
Q4
6392
6621
+3.6%
2011
Q1
6621
6563
(0.9(%
Q2
6563
6576
+0.2%
Q3
6576
6112
)7.1%)
Q4
6112
6418
+5.0%
2012
Q1
6418
7835
+22.1%
Q2
7835
6710
(14.4%)
Q3
6710
6840
+1.9%
Q4
6840
6801
(0.6%)
2013
Q1
6801
7126
+4.8%
Q2
7126
7497
+5.2%
Q3
7497
7965
+6.2%
Q4
7965
8536
+7.2%
2014
Q1
8536
9474
+11.0%
Q2
9474
9513
+0.4%
Q3
9513
10855
+14.1%
Q4
10855
8333
(23.2%)
2015
Q1
8333
8779
+5.3%
Q2
8779
9087
+3.5%
Q3
9087
7404
(18.5%)
Q4
7404
6912
(6.7%)
2016
Q1
6912
6223
(10.0%)
Q2
6223
6500
+4.4%
Q3
6500
5623
(13.5%)
Q4
5623
7210
+28.2%
2017
Q1
7210
7002
(2.9%)
Q2
7002
7426
+6.1%
Q3
7426
7283
(1.9%)
Q4
7283
7226
(0.8%(
2018
Q1
7226
7871
+8.9%
Q2
7871
8314
+5.6%
Q3
8314
8000
(3.8%)
Q4
8000
7827
(2.2%)
2019
Q1
7827
8819
+12.7%
Q2
8819
8822
+0.03%
Q3
8822
8092
(8.3%)
Q4
8092
8389
+3.7%
2020
Q1
8389
6505
(22.5%)
Q2
6505
7224
+11.0%
Q3
7224
8299
+14.9%
Q4
8299
8690
+4.7%
2021
Q1
8690
9908
+14.0%
Q2
9908
10984
+10.9%
Q3
10984
11496
+4.7%
Q4
11496
11282
(1.9%)
2022
Q1
11282
13090
+16.0%
Q2
13090
11523
(12.0%)
Q3
11523
11405
(1.0%)
Q4
11405
10478
(8.1%)
2023
Q1
10478
10590
+1.1%
Q2
10590
11459
+8.2%
Q3
11459
11056
(3.5%)
Q4
11056
11967
+8.2%
2024
Q1
11967
12402
+3.6%
Q2
12402
11680
(5.8%)
Q3
11680
12226
+4.7%
Q4
12226
12037
(1.5%)
2025
Q1
12037
12025
(0.1%)
Monthly performance:
In January, TASIsurged 378 points, or 3.1%, but fell 2.4% and 0.7% in February and March, respectively.
TASI Monthly Performance in 2024
Month
Closing (Point)
Change (Point)
Change (%)
January
12415
+378
+3.1%
February
12112
(303)
(2.4%)
March
12025
(87)
(0.7%)
Sector Performance:
Seventeen market sectorsclosed out the first quarter in the red territory,while five ended in the green.
Tadawul trading screen
Saudi Arabia’s TadawulAll Share Index (TASI) ended Q1 2025 slightly lower. It fell by 0.1%, or 12 points, to 12,025 compared to 12,037 in 2024, data compiled byArgaamshowed.
In the three-month period, listed companies disclosed their annual results for 2024. The market was hurt by the decline in global markets and the US President’s decision on imposing tariffs.
Other events that shaped Q1 2025 included the US Federal Reserve’s decision on holding interest rates steady for two consecutive meetings, with expectations of two potential rate cuts of 25 basis points each in the year.
Donald Trump has been officially inaugurated for a second term as US President.
Five companies—Masar’s operator Umm Al Qura for Development and Construction Co. (UQDC), Entaj, Derayah Financial, Nice One, and Almoosa Health —have been listed and started trading on the Saudi Exchange (Tadawul).
Moreover, the Ministry of Finance announced the actual budget for 2024, with expenditures amounting to SAR 1.37 trillion and revenues of SAR 1.25 trillion, implying in a deficit of SAR 115.6 billion.
Oil prices ranged between $68 and $82 in the first quarter of 2025.
TASI Quarterly Performance Since 2010
Year
Open (points)
Close(points)
Change(points)
2010
Q1
6122
6801
+11.1%
Q2
6801
6094
(10.4%)
Q3
6094
6392
+4.9%
Q4
6392
6621
+3.6%
2011
Q1
6621
6563
(0.9(%
Q2
6563
6576
+0.2%
Q3
6576
6112
)7.1%)
Q4
6112
6418
+5.0%
2012
Q1
6418
7835
+22.1%
Q2
7835
6710
(14.4%)
Q3
6710
6840
+1.9%
Q4
6840
6801
(0.6%)
2013
Q1
6801
7126
+4.8%
Q2
7126
7497
+5.2%
Q3
7497
7965
+6.2%
Q4
7965
8536
+7.2%
2014
Q1
8536
9474
+11.0%
Q2
9474
9513
+0.4%
Q3
9513
10855
+14.1%
Q4
10855
8333
(23.2%)
2015
Q1
8333
8779
+5.3%
Q2
8779
9087
+3.5%
Q3
9087
7404
(18.5%)
Q4
7404
6912
(6.7%)
2016
Q1
6912
6223
(10.0%)
Q2
6223
6500
+4.4%
Q3
6500
5623
(13.5%)
Q4
5623
7210
+28.2%
2017
Q1
7210
7002
(2.9%)
Q2
7002
7426
+6.1%
Q3
7426
7283
(1.9%)
Q4
7283
7226
(0.8%(
2018
Q1
7226
7871
+8.9%
Q2
7871
8314
+5.6%
Q3
8314
8000
(3.8%)
Q4
8000
7827
(2.2%)
2019
Q1
7827
8819
+12.7%
Q2
8819
8822
+0.03%
Q3
8822
8092
(8.3%)
Q4
8092
8389
+3.7%
2020
Q1
8389
6505
(22.5%)
Q2
6505
7224
+11.0%
Q3
7224
8299
+14.9%
Q4
8299
8690
+4.7%
2021
Q1
8690
9908
+14.0%
Q2
9908
10984
+10.9%
Q3
10984
11496
+4.7%
Q4
11496
11282
(1.9%)
2022
Q1
11282
13090
+16.0%
Q2
13090
11523
(12.0%)
Q3
11523
11405
(1.0%)
Q4
11405
10478
(8.1%)
2023
Q1
10478
10590
+1.1%
Q2
10590
11459
+8.2%
Q3
11459
11056
(3.5%)
Q4
11056
11967
+8.2%
2024
Q1
11967
12402
+3.6%
Q2
12402
11680
(5.8%)
Q3
11680
12226
+4.7%
Q4
12226
12037
(1.5%)
2025
Q1
12037
12025
(0.1%)
Monthly performance:
In January, TASIsurged 378 points, or 3.1%, but fell 2.4% and 0.7% in February and March, respectively.
TASI Monthly Performance in 2024
Month
Closing (Point)
Change (Point)
Change (%)
January
12415
+378
+3.1%
February
12112
(303)
(2.4%)
March
12025
(87)
(0.7%)
Sector Performance:
Seventeen market sectorsclosed out the first quarter in the red territory,while five ended in the green.
