MarketsDeveloping
Evening Close: TASI Closes at 9,986, World Bank Says +23.1% on Commodities, Peg at 3.7500
Saudi index closes at 9,986; World Bank puts 2026 commodity prices 23.1% higher, Brent averaging $91. Canada raises rates for the first time since 2022. Riyal at 3.7500, dirham at 3.6725.
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Karim Al-Rashidi
· 3 min read
Today has to be read at two separate tables. The first is Riyadh: TASI closed at 9,986 points; the riyal sits at 3.7500 on the SAMA screen — the same picture as yesterday. The second is Ottawa: the Bank of Canada raised its policy rate for the first time since 2022, bringing the overnight rate to 2.5%. Between the two sits the World Bank's October Commodity Markets Outlook: overall commodity prices will rise 23.1% in 2026 and retreat 7% in 2027. That sentence is the frame around every other numb…