Saudi Arabia markets rise

Published May 24th, 2001 - 02:00 GMT

For the second week in a row, the share price index of the Saudi Stock Exchange climbed, closing at 2,296.38 points by the end of the week ending May 10th, according to Al Hayat daily. This compared with a closing of 2,272.78 points at the end of the previous week. These figures reflect a 23.6-point rise, equivalent to 1.04 percent.  

 

On the other hand, the Authority reported that trade of stocks on the local securities market over the same week reached Saudi riyal (SR) 2.202 billion ($587 million), compared with SR 1.725 billion ($460 million) the previous week. These figures reflect a 27.7 percent increase.  

 

The local share price index has risen by 38.09 points (1.69 percent) since the beginning of the year. —(MENA Report)  

© 2001 Mena Report (www.menareport.com)


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