Saudi main Index Grows at a Rate of 17%, according to Official Data.

Saudi main Index Grows at a Rate of 17%, according to Official Data.

RIYADH: According to official data, the Tadawul All Share Index in Saudi Arabia saw a yearly rise of 1,811.46 points, or 17.11 percent, at the end of the first quarter of 2024, reaching 12,401.56. According to the Saudi Exchange report, the main index reached its highest close level of the first quarter on March 21, peaking at 12,835.65.

Furthermore, by the conclusion of the first quarter, the primary market’s entire equity market capitalization was SR10.93 trillion ($2.91 trillion), up 9.56 percent from the same time last year.

In the same vein, during the first three months of 2024, the total value of shares exchanged increased by 113.52 percent year over year to SR575.89 billion. In the first quarter of this year, there were 24.12 billion shares traded overall, up from 22.74 billion shares during the same period in 2023.

In addition, 35.02 million transactions were completed in the three months ending March, up from 20.12 million during the same period last year.

Saudi Arabia’s main index witnessed three new listings in the first quarter of this year.

Shares in Saudi Arabia’s media giant MBC Group Co. began trading on the main market on Jan. 8, then Middle East Pharmaceutical Industries Co. and Modern Mills for Food Products Co. on Feb. 27 and March 27, respectively.

Also Read:

Saudi Arabia’s Industrial Production Index Rises 1%: GASTAT 

A Japanese Group Hopes to see Energy Transformation Initiatives in Saudi Arabia 

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