TASI Continues Rising for the 6th Year, in a row

Saudi stock exchange main index TASI recorded the highest annual closing, in 16 years, at the end of 2021, with gains that are the largest, in as many as 14-year.

TASI continued to rise for the 6th year, in a row, too, as it achieved consecutive increases from 2016, all through, to 2021.

It ended the 2021 at 11,281.7 points, with gaining as much as 2592 points, or 29.8%, compared to the closure of 2020, which was at 8,689 points, to record the highest annual closing, in 16 years, specifically, since the closing of the year 2005, at 16,712 points.

TASI gains in terms of percentage in 2021 are the highest, too, in 14 years, remarkably, since the gains it recorded in 2007, at 39.1%.

This is the second longest series of annual gains recorded by the Saudi stock market index, spanning across 6 years, after it had previously achieved consecutive increases for 7 years, during the period from 1999 to 2005.

During the previous 26 years, the index achieved annual gains in 20 years, and the highest annual gains achieved by the Saudi stock index, during the previous 26 years were those recorded in 2005, when the index jumped to 16,712 points, or 104%, compared to the closing of 2004, which it was 8,206 points.

However, the index has declined on an annual basis, in another 6 years, and the largest decline was in 2008, when the index fell by 57%, ending the year at 4,802 points, a decrease of 6,235 points from the closing of the 2007, which was at 11,038 points.

The Year 2008, which witnessed the major global crisis, that erupted in September 2008, and was considered the worst of its kind, since the Great Depression, in 1929.

Below is a table monitoring the performance of the Saudi stock exchange, covering its performance across 26-year, from 1996 to 2021.

Table, below tracking down the performance of the Saudi stock exchange, covering 26-year timespan, from 1996 to 2021