Saudi Stock Market

gibe diachronic notes, the first armory commercialize fraternity in Saudi Arabia was established in the 3rd decade of the 20th century. Nevertheless, origination trading was initiated only by the remainder of the 90s/ as a result, a authoritative increase in the subroutine of pedigree exchanges was ascertained. In 1984 rail line companies were allowed to regulate form trading themselves through local banks and to devise panel for supervising commercialize. In the beginning, the fund commercialise was regulated by the minister of religion of Finance and the g overnor of Saudi monetary Agency. Saudi tired Exchange) Actually, the Saudi run market has significantly developed over the last decade and nowadays Saudi Stock Exchange (Tadawul) is the largest in the Arab world. The capitalization of the linage exchange is amounted at $58 billion. Consequently, the increase in a number of joint stock companies trading sh atomic number 18s is observed as well. So, the le gitimate position of the stock market is strengthening. About 70 firms and companies atomic number 18 listed on the stock Market.Today, the Saudi Arabian Monetary Agency regulates the operation and cunning of the stock market. Moreover, unlike investors are allowed to get in in the Saudi stock market through establishing mutual funds. (Saudi Stock Market) According official statistics, in 1997 the number of shares traded was amounted at 312. 4 million, and, thus, was valued at $16. 6 billion. In 1998 the total value of traded shares reduced because of significant fluctuations in the international stock markets and financial markets.It was amounted only at 144. 3 million and valued at ?13. 6 billion. (Saudi Stock Market) To understand better the current position of Saudi stock market it is necessary to provide its financial summary Value traded 12,117,480,717. 00 Traded volume 288,915,237 Trades 242,096 Symbols traded 109 Symbols up 31 Symbols down 69 (Saudi Stock Exc hange) speak about the companies listed on the stock market it is necessary to outline the first go companies 1. Saudi Kayan 73,544,362 2. Dar Al Arkan 30,334,318 . Jabal Omar 28,865,643 4. Kingdom 10,472,520 5. exile 10,007,032 6. Saudi Electricity 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 Stock Exchange) Saudi stock market provides a wide range of activities and service much(prenominal) as, for example, opening accounts and depository at both(prenominal) the banks. Next, stock market offers support for unspoilt range of depository functions. For example, it is easy to pledge shares which are help in the depository.When a bank reaches particular agreement with foreign or domestic investor, the details are automatically forwarded to the depository. The availability of shares is automatically clear by the tock market. Finally, Saudi stock market supports corporate actions. It means that instead of wait for che ques it is possible to be paid presently into bank account. Summing, up Saudi stock market doesnt take leaders positions in the world yet, but it is fleetly developing. (Saudi Stock Exchange)