Saudi Stocks Reflects Positive Investors Confidence

As expected, Saudi stock market has gained good uptrend records, which was being backed up by the positive first quarter results of some companies. The uptrend shows positive confidence of the investors.

According to Tadawul’s monthly statistical report for April, total equity market capitalization at the end of April jumped by 11.19 percent to SR1.86 trillion ($496.55 billion).

The total value of traded shares in April also increased by 26.85 percent over the previous month to reach at SR201.65 billion ($53.77 billion).

The total number of shares traded surged 26.20 percent to 5.40 billion compared to 4.28 billion shares traded in March. The total number of transactions executed during April, however, dropped by 4.84 percent to 4.30 million compared to 4.52 million trades for March.

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