Saudi stock market index up 40 percent in 2003
Saudi Stock Market (Tadawul) continued its record-breaking run the week when cabinet approved a new law calling for the establishment of the Saudi Arabian Stock Exchange (SASE) and the Saudi Arabia Securities and Exchange Commission.
The Tadawul All-Share Index (TASI) once again broke through the 3,600 barrier to close at 3,621, a rise of 2.5 percent on the week, and more than 40 percent this year. The last two weeks have also seen record trading volumes, with more than 340 million shares, worth some 44.5 billion Saudi riyals ($11.87 billion), traded. — (menareport.com)
© 2003 Mena Report (www.menareport.com)