The financial landscape in Riyadh showcased a positive trajectory at the start of 2024, with the Saudi Stock Index (TASI) finishing January on a strong note. The index settled at 11,796.63 points as trading concluded, bolstered by a total trading value of approximately SAR 195.94 billion, realized through 11.87 million separate transactions.
This information was revealed in a monthly statistical report by the Saudi Tadawul, which noted that TASI reached its zenith for the month on January 7, 2024, with an impressive mark of 12,285.07 points. Reflecting on an annual basis, the index experienced a commendable growth rate of 9.30% from its standing at the same time in 2023, where it was recorded at 10,792.85 points. Furthermore, the total market capitalization of traded shares swelled to SAR 10,673.99 billion by the end of January.
The volume of traded shares throughout the month was equally significant, with over 8.19 billion shares changing hands. Shifting the focus to the Saudi Parallel Stock Index (NOMU), this index concluded January at 24,986.68 points, marking a substantial year-over-year growth of 30.54%.
Highlighting another peak, NOMU’s highest closing figure was observed on January 25, 2024, reaching 25,248.70 points. The trading volume in terms of value for NOMU was recorded at SAR 644.12 million, with transactions totaling 61,036 for the month. The market capitalization for NOMU’s issued shares stood at SAR 47.67 billion, with a trade volume of 40.97 million shares in January.