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Saudi Stock Index sees over $52bn of shares traded in January, value climbs 9.4 per cent in year

Saudi Tadawul sees value of traded shares pass $52bn in January 2024

Saudi Arabia

The Saudi Stock Index (TASI) ended January 2024 at the level of 11,796.63 points with a total value of traded shares amounting to about SR195.94bn ($52.2bn), through 11.87m transactions, according to the monthly statistical report issued by the Saudi Tadawul.

The index recorded its highest closing point on January 7, 2024 at the level of 12,285.07 points.

The index achieved an annual growth rate of 9.3 per cent, compared with the same period in 2023, when it was at the level of 10,792.85 points.

Saudi stock exchange

The market value of the issued shares reached SR10,673.99bn at the end of January 2024, while the total number of shares traded during January reached 8.19bn.

As for the Saudi Parallel Stock Index (NOMU), it closed at the level of 24,986.68 points in January 2024, achieving an annual estimated growth of 30.54 per cent, compared with the same period in 2023.

Notably, the index reached its highest closing point on January 25, 2024, at the level of 25,248.70 points, while the value of the shares traded amounted to SR644.12m executed through 61,036 transactions during January 2024.

The market value of the shares issued amounted to SR47.67bn, and the total number of shares traded for January reached 40.97m shares.

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