CMA: Listed securities rise to SR 45.9 billion

The volume of securities listed in the Saudi Capital Market (CMA) amounted to SR 45.9 billion for the fiscal year 2012, registering an increase of SR 16.2 billion from 2011, CMA says in its annual report for 2012.
The numbers of listed companies increased to 158 during the year from 150 in 2011.
“The CMA looks forward to increased diversification of investment instruments available in the market, as well as the development of the market’s securities and bonds in the coming years,” the report said.
During the year under review, CMA issued 242 orders including 126 approvals of the securities launch compared to 99 in 2011, registering an increase of 27.3 percent, the report added.
The increase in the CMA-approved public launch of company shares in eight cases was put at 33.3 percent compared to the previous year.
The report said 22 companies increased their capitalization through share grants in the year with a 120 percent increase compared to 2011. The total value of securities launches reached SR 46.2 billon in 2012 registering a 112.2 percent from SR21.8 billon in 2011.
The market value of the assets of exchange agreement showed 23.4 percent rise to reach SR 11.7 billion in 2012 compared to SR 9.5 billion in 2011, while the value of circulation of the exchange agreements reached SR 25.4 billion dropping by 4.1 percent compared to 2011.
During the year the CMA approved public launch of eight investment fund units. Three of them were for stock market shares, two for credit instruments and two for multi-assets and one for balanced fund. Investments in five of them were in riyals and three in US dollars.
The number of reports of monitoring securities and bonds market reached 2,685 reports registering 4.6 percent rise from the previous year at the rate of 10.7 reports a day, the Saudi Press Agency reported.
The report also showed that there was an 8.6 percent drop in cases of violations to 32 cases in 2012 compared to the previous year.