Record performance for Tadawul in January

The STC flotation, strong annual profits from some of Saudi Arabia's major companies, and the willingness of investors to put their money into the Saudi Stock Market combined to produce a record trading performance in January.

Saudi Arabia: Wednesday, February 05 - 2003 at 17:01
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The Tadawul All-Share Index (TASI) increased by 5 percent to 2643.97 from a 2002 year-end close of 2518.08. Market capitalization reached SAR 346.32 billion (US$92.35 billion), an increase of 23 percent on the previous month's SAR 280.73 billion (US$74.86 billion). Market capitalization has increased 52 percent in the last year (January 2002 to January 2003).

The value of shares traded exceeded SAR 14.9 billion (US$3.97 billion), against SAR 4.7 billion (US$1.25 billion) in December, an increase of 219 percent. The volume of shares traded in January was 164.2 million (December 2002 - 57.7 million), a rise of 184 percent.

Transactions also increased dramatically, from 44,141 in December to 115,671 in January, an increase of 162 percent.

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Posted by Anne-Birte Stensgaard, News Editor
Wednesday, February 05 - 2003 at 17:01 UAE local time (GMT+4)

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This Article was updated on Tuesday, May 01 - 2007

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