RIYADH: Saudi Arabia led Gulf equity gains in January as regional markets outperformed most global benchmarks, buoyed by earnings optimism and strong non-oil growth expectations, according to an analysis.
In its latest report, Kamco Invest said Saudi Arabia’s exchange recorded a monthly gain of 8.5 percent in January, marking its biggest climb in five years.
The strong performance across most regional exchanges came as Gulf Cooperation Council equity markets continue to attract global capital, supported by solid corporate earnings and ongoing economic reforms.
“The benchmark Tadawul All Share Index closed at 11,382.08 points, up 8.5 percent, marking its strongest monthly performance since February 2022,” said Kamco Invest.
It added: “The rally was driven by optimism surrounding earnings in the fourth quarter of 2025, the anticipated opening of the market to foreign investors, and the robust non-oil growth prospects.”
