Saudi stocks achieve the best performance in 2021

The Saudi stock market recorded the sixth consecutive annual rise during 2021, as the index rose by 28.4% three sessions before the end of the year, to close on Monday, December 27 ) at 11,161 points, compared to 8,690 points at the end of 2020.

And according to Arab Net, Al-Eqtisadiah newspaper reported that the market’s performance in 2021 is the best in 14 years, that is, since it increased by 39.1%. And the rises of Saudi stocks this year are among the seven largest in the history of Saudi stocks or since 1985.

With the 2021 rises, the Saudi stock index will rise by 1515% within 36 years, with an average annual rise of 42%, where the index was 691 points at the end of 1985.

Saudi stocks rose mainly during 2021 with the support of the achievements of Saudi Vision 2030 during the first five years and the diversification of the local economy, in addition to the rise in oil prices and the launch of a partner program that many listed companies benefit from.

This is in addition to the success in confronting Corona and the return of the economy to strong growth, in addition to the huge government spending through the budget and the Public Investment Fund and the launch of many mega projects.

Since 1985, the Saudi stock market has recorded a 26-year rise, compared to declines in ten years.

Among the 26 years in which the market recorded increases, the index rose by more than 75%, during four years, respectively, in 2005, during which the index rose by 103.7%, followed by 2004, with an increase of 84.9%, then 1991, with a rise of 80.2%, and fourthly, 2003, which rose during The index increased by 76.2%.

In the other six years in which the increases exceeded 25%, respectively, 1999, during which the index rose by 43.6%, followed by 2007, with an increase of 39.1%, then 2021, with a rise of 28.4% (three sessions before the end of the year), fourthly, 1997, which rose during the index by 27.9%, then 2009 with 27.5%, and 2013 with 25.5%.

Among the ten years that recorded a decline, the declines exceeded 25% in four years, which are, respectively, 56.5% in 2008, 52.5% in 2006, 28.5% in 1994, and 27.8% in 1998.