RIYADH: Saudi Arabia’s Tadawul All Share Index maintained its strong year-to-date momentum, delivering a 2.9 percent gain in the first six months of this year, according to Kamco Invest.

The report revealed that the Kingdom was also the second-best-performing market in the Gulf Cooperation Council region, after Muscat Stock Exchange’s 28 percent surge in the first half of this year.

Saudi Arabia has accelerated efforts to strengthen its capital markets through regulatory reforms, market liberalization and new listings, positioning the Tadawul as a key source of funding for businesses and a gateway for international investors. The initiative supports Vision 2030’s broader goal of building a more diversified, private sector-led economy.

Kamco Invest, however, added that the country’s benchmark index declined by 2.5 percent in June compared to May, as regional tensions weighed on sectors including energy and banking.

“Saudi Arabia’s TASI declined for the third consecutive month in June 2026, reflecting weaker investor sentiment amid a lack of clarity over the US-Iran negotiations and lower oil prices, as well as expectations that the US Federal Reserve would maintain higher interest rates for longer,” said Kamco Invest.