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Saudi Stock Index Rises 7.12% in April
RIYADH, 5 May 2005 — Saudi stock market made a record 7.12 percent growth in April, 2005.
The Tadawul All-Share Index (TASI) for April closed at 11,246.55 points compared with 10,499.26 for March 2005, with an increase of 7.12 percent; it reached its heights historical point as it hit 11,980.28 points April 9, setting a new benchmark. Year to-date, the index increased by 35.12 percent.
Market capitalization by the end of the month reached at SR1.63 trillion ($435 billion) increasing by 10 percent compared with the market capitalization for March.
The total value of shares traded in April has reached a record of SR306 billion ($81.6 billion) compared with SR282 billion from March, gaining a plus of 8 percent.
Total number of shares traded in April was 869.3 million shares down from 916 million shares traded in March, dropping by 5 percent.
Total transactions in April have reached 2.44 million transactions compared with 2.25 transactions for March, showing an increase of 8 percent.
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May 6th, 2005, 02:14 PM
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