2005 News Story

Stock market shows record growth in first quarter of 2005

At the end of the first quarter of 2005 the Saudi stock market showed a record growth of 28 percent, closing on March 30 at 10,499 points, more than double the 5,182 points a year ago. The market value of the stocks issued closed at SR1.47 trillion (U.S. $392.2 billion), 112 percent higher than that for the first quarter of 2004. A total of 1.8 billion stocks were traded during 2005’s first quarter, down from the 2 billion stocks traded in the first quarter of 2004; but transactions in deals totaled 4.6 million as against 1.9 million for the same period last year, an increase of 143 percent.