Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed 2017 in the green after its main Tadawul All Share Index (TASI) grew 0.22% or 15.9 points, reaching 7,226.3 points.
In 2017, TASI’s market capitalisation value rose 0.46% or SAR 7.65 billion ($2.04 billion) to hit SAR 1.689.6 trillion ($450.6 billion).
The bourse’s trading value retreated 27.7% to SAR 836.1 billion ($223 billion).
The average of traded value declined 27.7%, reaching SAR 69.7 billion ($18.6 billion) during 2017, compared to SAR 96.4 billion ($25.7 billion) in 2016.
During 2017, the media sector jumped 51.08%, while the banks and materials sectors increased 8.2% and 1.4%, respectively.
On the flipside, the pharmaceuticals dropped 26.2%, followed by consumer services with 23.8%, and telecommunication services declined 15%.
In the fourth quarter of 2017, TASI slumped 0.78% or 57 points to 7,226.3 points.
The Saudi bourse’s market capitalisation value lost about SAR 32 billion ($8.4 billion) to reach SAR 1689.6 trillion ($450.6 billion) in Q4-17.
In December, TASI soared 3.17% or 222 points, reaching 7,226.3 points.
TASI’s market capitalisation value added about SAR 30.5 billion ($8.1 billion) to hit SAR 1.689.6 billion ($450.6 billion).
During 2017, the sectors of capital goods and media levelled up 10.3% and 8.8%, while in December, materials grew 4.49%, followed by banks with 3.17%, and telecommunication services with 3.1%.
