The total market capitalisation of Saudi Arabia’s Tadawul All Share Index (TASI) reached SAR 11.26 trillion ($3 billion) in 2023, rising 13.98% year on year, according to the Saudi Exchange’s (Tadawul) annual statistical report.

The benchmark index closed at 11,967.39 points at the end of 2023, compared to 10,478.46 points a year ago, gaining 1,488.93 points, or 14.21%.

The total value of shares traded reached SAR 1.33 trillion, compared to SAR 1.70 trillion a year ago, down 21.95%.

The total number of trades executed rose 6.96% year-on-year at 94.02 million. However, the volume of shares traded fell 0.79% to 83.03 billion in 2023 from 83.69 billion in 2022.
 
The number of trading days in 2023 were 249 days, compared to 248 days in 2022, the report said.

(Editing by Seban Scaria seban.scaria@lseg.com)