Arab News, Monday, Jul 04, 2022 | Zul Hijjah 5, 1443
TASI finishes H1 5% higher despite recent losses, market fears
Saudi Arabia:
The Tadawul All Share Index managed to end the first half of 2022 higher than
the previous year, despite market fears that have surfaced recently as
investors’ optimism was dampened by interest rate hikes.
Saudi Arabia’s main index increased 4.9 percent
during the first half of 2022 to close at 11,523, an increase of 539 points from
the same period last year, the Saudi Exchange reported.
Total equity market capitalization grew 17.72
percent to reach SR11 trillion ($3 trillion) at the end of the first half.
The share trading value dropped 22.5 percent to
SR1 trillion for the same period, while the total number of volumes traded fell
41.96 percent to 25.3 billion shares.
The total number of transactions executed in the
first half decreased 10 percent to 46.97 million from 52.19 million a year
earlier.
A total of 124 trading days were recorded during
the first half of 2022, compared to 125 during the same period in 2021.