Skip to content Skip to Search
Skip navigation

Saudi Arabia’s stock market cap rises 5% to $3 trillion

Saudi stock market Tadawul Reuters/Faisal Al Nasser
Over 67 billion shares were traded on Saudi's Tadawil between January and September 2023

Saudi Arabia’s total stock market capitalisation reached SAR 11.41 trillion ($3.04 trillion), rising 5.33 percent year-on-year in the first nine months of 2023, according to a report issued by the Saudi stock exchange (Tadawul).

Tadawul All Share Index (Tasi) closed at 11,055.96 points, down 349.36 points in the year to September, or just over 3 percent year-on-year. The highest closing level for the index was 11,906.13 points on July 26, 2023.

The total value of shares traded reached SAR 974.20 billion, falling 30 percent year-on-year.

The total volume of shares traded reached 67.19 billion between January and September 2023, up 4.55 percent from 64.26 billion a year earlier.

The total number of transactions executed reached 67.50 million, falling 0.52 percent annually.

Tadawul last month launched four new indices based on company size and public listing performance. The four Size Indices are the Tadawul Large Cap Index, Tadawul Medium Cap Index, Tadawul Small Cap Index and the Tadawul IPO Index.

In addition, the bourse operator said it will introduce the Tadawul IPO index to track the performance of companies listed on the main market within the past five years.

The new index will provide investors with a benchmark to evaluate the performance of their IPOs and a unique opportunity to invest in new and rapidly growing companies.

Latest articles

The WakeCap system being used on a construction site

Aramco adopts heat-sensing construction helmets

Saudi Aramco is deploying advanced safety helmets equipped with heat stress sensors to protect workers on some of its construction sites, a critical concern in the Gulf region’s scorching climate. The helmets, developed by Dubai and Saudi Arabia-based construction tech startup WakeCap, utilise internet-of-things (IoT) technology that monitors worker attendance, location, and safety incidents in […]

Wind turbines above the village of Kotronas in the Peloponnese region. Greece's Terna Energy invests in wind, solar, hydroelectric and pumped storage projects

Masdar buys Greece’s biggest investor in renewables

The UAE’s state-owned clean energy company Masdar is to acquire a majority share in Terna Energy of Greece. The initial deal – one of the largest in the European renewables market and the biggest ever energy transaction on the Athens Stock Exchange – is for a 67 percent stake. The price of €20 ($21.45) per […]

KBR Iraq

US firm wins $46m contract to boost Iraq infrastructure 

US engineering giant KBR has won a five-year $46 million contract to support Iraq’s infrastructure development and future energy projects, including mega-projects. The company is expanding its presence in Iraq, establishing a new office in Baghdad and said it is also considering the creation of a design centre to enhance local engineering skills. Under the […]

UAE AI tech major G42 said it was 'doubling down on Cerebras' after trying its CG1 supercomputer

Abu Dhabi-backed chipmaker Cerebras plans IPO

Cerebras Systems, an Abu Dhabi-backed chipmaker looking to compete with Nvidia, the world’s top chip company by market value, has confidentially filed for an initial public offering, according to reports. Based in California’s Silicon Valley, Cerebras is also planning to offer preferred shares at a significant discount, aiming to attract private investors before the IPO, […]