RIYADH: According to a recent report, the Saudi stock market was one of the best-performing in the Arab world in December, with the Tadawul index increasing 3.39 percent as investor confidence and liquidity improved.
According to the Arab Monetary Fund, the TASI ended at 12,037 points at the conclusion of the last month of 2024, with an average daily trading value of SR5.2 billion ($1.3 billion), for a total monthly trading value of SR119.6 billion.
The best-performing exchange for the month was Dubai Financial Market, which spearheaded the regional upswing with a 6.42 percent increase in its DFMGI index. The stock exchanges in Iraq and Palestine, which had increases of 4.14 and 4.85 percent, respectively, came next.
As the majority of regional stock markets concluded the year in a positive manner, this contributed to the AMF’s composite index for Arab financial markets seeing a 1.03 percent increase in December. Better investor mood, a reduction in inflationary pressures, and changes to monetary policy in a number of economies all contributed to the market’s surge.
The performance of emerging markets was mostly imitated by Arab markets. The MSCI Arab Index, which monitors the performance of regional stock exchanges, saw a 3.46 percent increase. Global markets, however, produced a range of outcomes. While indices like the FTSE 100 and Dow Jones saw drops of 1.38 percent and 5.27 percent, respectively, the Nikkei 225 had a 4.41 percent increase.
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