Mubasher TV
Contact Us Advertising   العربية

TASI skyrockets 600 pts in 2018

TASI skyrockets 600 pts in 2018

By: Thabet Shehata

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) finished 2018 trading on a positive note, after its benchmark Tadawul All Share Index (TASI) soared 600.4 points, or 8.31%, to 7,826.73 points, up from 7,226.32 points in the previous year.

TASI registered the highest closing level at 8,490.75 points on 16 July, whereas its lowest closing was at 7,171.74 points on 2 January.

The bourse’s market capitalisation jumped by SAR 169.35 billion ($45.16 billion) to SAR 1.86 trillion ($495.72 billion) by the end of last year, against SAR 1.69 trillion ($450.56 billion) in 2017.

Over the course of the previous year, the media, banking, telecommunication services, and materials sectors led gainers with 31.6%, 31.1%, 27.13%, and 4%, respectively.

On the flipside, the real estate management and development sector was the worst performer in 2018 after dropping 31.3%, while the utilities sector tumbled 26.13%.

TASI’s liquidity slightly hiked 

TASI’s trading value increased by 4% to SAR 870.87 billion in the year earlier, from SAR 836.12 billion during 2017.

Year-on-year, the main market’s traded volume fell 14% to 37.79 billion shares, compared to 43.95 billion.

The stock exchange recorded the highest liquidity in April after generating SAR 108 billion, while the lowest liquidity was during June at SAR 46.4 billion.

TASI skyrocketed in December

The Saudi bourse’s main index levelled up 123.74 points, or 1.61%, month-on-month in December.

During the fourth quarter of the last year, Tadawul plunged 172.8 points, or 2.16%, compared to its closing in Q3-18.

 

Translated by: Mohammad Hesham Azab