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Saudi stock exchange records new high - ASHARQ AL-AWSAT English Archive
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3/6/2005

Riyadh-The Tadawul All-Share Index (TASI) closed at 12,019.68 points at the end of May as compared to 11,246.55 at the end of April, an increase of 6.87 percent. A new high was recorded on May 22, when TASI reached 12,729.14 points. For the year to date, TASI has increased by 46 percent.

Market capitalization now stands at SR1.74 trillion [US$464 billion], a rise of 7 percent over April, with the total value of shares traded in May reaching a record SR369 billion [$98.4 billion], an increase of more than 21 percent from the month before. The number of shares traded increased by 42 percent from 869.3 million in April to 1.2 billion in May, with total transactions rising 73 percent from 2.44 million in April to 4.2 million in May.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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