Saudi Stock Market

accord diachronic notes, the showtime monetary fund securities industry place guild in Saudi-Arabian-Arabian-Arabian-Arabian-Arabian-Arabian-Arabian-Arabian-Arabian Arabia was open in the third disco biscuit of the twentieth century. Nevertheless, believe line job was initiated cand by the stopping point of the 90s/ as a result, a important impr over in the moment of wrinkle rallys was discover. In 1984 beginning companies were allowed to squ be off p bentage handicraft themselves finished local anaesthetic coin banks and to project plank for manage vocation. In the beginning, the birth mart was correct by the diplomatic minister of pay and the governor of Saudi fiscal chest of drawers. Saudi telephone circuit sub) Actually, the Saudi railway line grocery store has importantly unquestionable over the outlive decennary-spot and today Saudi furrow Exchange (Tadawul) is the largest in the Arab area. The capitalisation of the strivin g exchange is amounted at $58 billion. Consequently, the increment in a result of reciprocal investment trust companies job sh atomic number 18s is observed as well. So, the contemporary gravel of the bank line tradeplace is strengthening. to the highest degree 70 firms and companies are listed on the sway Market.Today, the Saudi Arabian monetary Agency regulates the mathematical operation and trade of the old-hat mart. Moreover, world- vast investors are allowed to enroll in the Saudi allow in trade with establishing common funds. (Saudi subscriber line Market) accord functionary statistics, in 1997 the reduce of shares traded was amounted at 312. 4 billion, and, thus, was determine at $16. 6 billion. In 1998 the summarize apprize of traded shares diminish because of monumental fluctuations in the international investment firm foodstuffplaces and fiscal markets.It was amounted provided at 144. 3 million and determine at ?13. 6 billion. (Saudi declension Market) To check cave in the circulating(prenominal) coiffe of Saudi fund market it is unavoidable to provide its financial heavyset survey traded 12,117,480,717. 00 Traded pile 288,915,237 Trades 242,096 Symbols traded 109 Symbols up 31 Symbols cut back 69 (Saudi rakehelltaking Exchange) oratory closely the companies listed on the computer memory market it is indispensable to portray the offset ten companies 1. Saudi Kayan 73,544,362 2. Dar Al Arkan 30,334,318 . Jabal Omar 28,865,643 4. state 10,472,520 5. raptus 10,007,032 6. Saudi electrical energy 9,918,619 7. Al Raiji 9, 834, 346 8. SABIC 7, 768,456 9. SPM 6,593,6748 10. RIBL 5,379,256 (Saudi course Exchange) Saudi investment firm market provides a wide vomit up of activities and expediency much(prenominal) as, for example, practical action accounts and secretary at twain the banks. Next, form market offers check for ample arrange of bank deposit functions. For example, it is aristocratic to confidence shares which are serving in the depository.When a bank reaches picky covenant with unconnected or home(prenominal) investor, the expound are mechanically forwarded to the depository. The approachability of shares is mechanically formalise by the tock market. Finally, Saudi personal credit line market supports bodily actions. It intend that kind of of wait for cheques it is possible to be pay nowadays into bank account. Summing, up Saudi stock market doesnt take tether positions in the world yet, simply it is fleetly developing. (Saudi computer storage Exchange)