Saudi Market Brief: Sunday morning, 8 November 2026
Market brief
Updated 08:17, Riyadh time
TASI closed Thursday up 0.6% at 10,095 points on turnover of about SAR 4.2 billion, bringing its weekly gain to 174 points or 1.75%.
Brent settled Friday at USD 98.32 a barrel after a weekly loss of 16.42%, as Sky Links Capital's Daniel Taqiuddin cited security developments and de-escalation hopes as market drivers.
Al-Khaleej Training's Q3 2026 net profit fell to SAR 3,672,404 from SAR 31,338,517, with revenue of SAR 799,513,976 versus SAR 890,594,225 a year earlier.
Of 112 TASI-listed companies reporting 9M 2026 results last week, profits rose at 47, fell at 39, and 26 recorded losses.
SNB Capital initiated coverage of Savola Group at Neutral, while AlphaMena reiterated its positive rating on Al-Babtain Power, according to MT Newswires and MarketScreener.
WaZii translationAl-Khaleej Training Q3 2026 net profit drops 88.3%
Argaam ·
Al-Khaleej Training reported third-quarter 2026 revenue of SAR 799,513,976 versus SAR 890,594,225 in the same period last year. Net profit attributable to shareholders fell to SAR 3,672,404 from SAR 31,338,517, with earnings per share of 0.06 versus 0.48. The company said third-quarter revenue was SAR 261 million, down SAR 35.1 million or 12%, amid lower revenue in the call centre and IT segment and the training segment.
WaZii translationSaudi TASI gains 1.75% for the week as analysts assess market drivers
أرقام ·
TASI closed Thursday up 0.6% at 10,095 points, a gain of 57 points, on turnover of about SAR 4.2 billion, bringing its weekly gain to 174 points or 1.75% from the previous week's close. Brent settled Friday at USD 98.32 a barrel after a weekly loss of 16.42%. Daniel Taqiuddin, CEO of Sky Links Capital, said the index kept facing pressure from continuing security developments, while progress in de-escalation efforts and hopes of a diplomatic solution kept the market supported.
WaZii translation112 TASI-listed companies reported 9M 2026 results last week
أرقام ·
112 companies listed on the Saudi main market (TASI) announced their financial results for the first nine months of 2026 last week. Profits rose at 47 of those companies, fell at 39, while 26 companies recorded losses.
SNB Capital initiated coverage of Savola Group with a Neutral rating, according to MT Newswires. Savola is a Saudi food and retail company operating through five segments including food processing, retail, food services, frozen food and investments.
AlphaMena reiterated its positive rating on Al-Babtain Power and Telecommunication Company, according to MarketScreener. The company manufactures steel poles for power distribution and lighting, tall towers, stadium towers and monopoles, and operates through five segments including towers and metal structures, poles and lighting, and solar energy components.
