Riyadh, Saudi Arabia— The market capitalization of Tadawul, Saudi Arabia’s stock exchange, has hit $2.8 trillion in the first nine months of the year, a jump of some 7.5 percent from last year.
The boost in the value of the exchange is despite the total value of shares traded during the first nine months falling by 21.5 percent from the previous year to $373.33 billion, the latest Saudi Exchange data revealed.
Tadawul All Share Index closed at 11,405 points at the end of the first nine months of 2022, down 90.44 points or 0.79 percent from last year’s close.
The highest close level for the index during the period was 13,820.35 points on May 8.
The number of trading days during the third quarter of 2022 was 184, compared with 185 during the first nine months of 2021.