iShares MSCI Saudi Arabia ETF Price & Performance (KSA)

The iShares MSCI Saudi Arabia ETF (KSA) closed at $41.16 on April 25, marking a 0.27% gain for the day. Despite recent upward momentum, analysts have downgraded the ETF from Buy to Hold, citing minor technical weaknesses. Support is seen at $41.13, with limited upside expected in the near term.12

Saudi Arabia's Tadawul All Share index rose 0.71% on Thursday, led by gains in cement, media, and telecom sectors. Major ETF holdings like Al Rajhi Bank and Saudi Aramco benefited. Advancing stocks outnumbered decliners, reflecting broad market strength that could support the iShares MSCI Saudi Arabia ETF’s performance.34

Al Rajhi Bank and Saudi Aramco remain the largest holdings in the iShares MSCI Saudi Arabia ETF, accounting for over 24% of the portfolio as of April 17. This concentration underscores the ETF’s sensitivity to developments in the banking and energy sectors, which continue to drive Saudi market trends.35