[2008-05-06]  Total Saudi equity market capitalisation jumps 11.19pc to SR1.86tr by end-April
The Tadawul All-Share Index (TASI) increased by 11.94 per cent or 1,073.63 points in April over the close of the previous month, according to Tadawul’s monthly statistical report for April. It closed at 10,066.16 points at the end of April.

The highest close level for the index was 10,089.52 points as on April 29. However, on an YTD basis TASI lost 972.5 points, or 8.81 per cent.

The report said that total equity market capitalisation at the end of April jumped by 11.19 per cent to SR1.86 trillion.

The total value of traded shares in April also increased by 26.85 per cent over the previous month to reach at SR201.65 billion.

The total number of shares traded surged 26.20 per cent to 5.40b compared to 4.28b shares traded in March. The total number of transactions executed during April, however, dropped by 4.84 per cent to 4.30 million compared to 4.52m trades for March.

According to the report percentage share of Saudi nationals from the market trades was 91.1 per cent for selling (SR183.79b) and 89.9 per cent for buying (SR181.22b). The percentage share of Saudi companies from the market trades was 3.4 per cent for selling (SR6.78 b) and 4.2 per cent for buying (SR8.44b).

The percentage share of investment funds from the market trades was 2.2 per cent for selling (SR4.44b) and 2.1 per cent for buying (SR4.21b). The percentage share of Gulf Cooperation Council (GCC) nationals from the market trades was 1.7 per cent for selling (SR3.51b) and 2.3 per cent for buying (SR4.61b). The percentage share of Arab residents in Saudi Arabia from the market trades was 1.4 per cent for selling (SR 2.90b) and 1.5 per cent for buying (SR 2.96b).

The percentage share of non-Arab residents in Saudi Arabia from the market trades was 0.1 per cent for selling (SR229.40m) and 0.1 per cent for buying (SR214.76m).

Tadawul has successfully launched and implemented the new market sectors and indices from April 5. After the new market structure, the number of sectors rose from 8 to 15 and market indices from 9 to 16 and is calculated based on the free-floated shares only.

In April, Alinma Bank launched its initial public offering (IPO) of 1,050 million shares at SR10 per share. Tadawul announced on Saturday that the IPO shares of Alinma were deposited into applicable investor’s portfolios on May 3. Last month Kingdom Holding Company (KHC) was included in TASI.



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