JEDDAH: After falling over 10 percent last week, the Saudi stock market made a solid beginning this week. The Tadawul All-Share Index (TASI) jumped 6.02 percent or 333.42 points to close at 5,871.24 but the index is still down 46.81 percent so far this year.
Out of 125 stocks traded, 122 companies showed positive performance while three companies were in the red. The stock market turnover was over SR6.87 billion yesterday.
According to the monthly statistical report of Tadawul, which was released yesterday, at the end of October, TASI closed at 5,537.82 points, down 1,920.70 points or 25.75 percent over the close of the previous month. On an YTD basis TASI lost 5,500.84 points or 49.83 percent. The highest close level for the index during the month was 6,863.15 on Oct. 15.
Total equity market capitalization at the end of October reached SR1.09 trillion, decreasing by 25.05 percent over the previous month. The total value of shares traded increased by 49.88 percent to SR120.21 billion in October.
The total number of shares traded reached 5.03 billion in October compared to 2.63 billion shares traded in September, increasing by 91.74 percent.
The total number of transactions executed during October surged 16.35 percent to 3.06 million compared to 2.63 million trades for September.
The Tadawul report said the percentage share of Saudi nationals from the market trades was 88.9 percent (SR106.92 billion) for selling and 88 percent (SR105.84 billion) for buying. The percentage share of Saudi companies from the market trades was 2.8 percent (SR3.38 billion) for selling and 6.9 percent (SR8.28 billion) for buying.
The percentage share of investment funds from the market trades was 2.1 percent (SR2.48 billion) for selling and 1.1 percent (SR1.38 billion) for buying.
The percentage share of Gulf Cooperation Council (GCC) nationals from the market trades was 3.9 percent (SR4.67 billion) for selling and 2.0 percent (SR2,44 billion) for buying. The percentage share of Arab residence in Saudi Arabia from the market trades was 2.2 percent for selling (SR2.6 billion) and 1.7 percent (SR 2.1 billion) for buying. The percentage share of foreigners’ residence in Saudi Arabia from the market trades was 0.1 percent for selling (SR163.82 million) and 0.1 percent (SR167.9 million) for buying.
