Saudi Stock Market Among Top Performers in December 2024 Amid Regional Surge
Saudi stock market sees 3.39% rise, with improved liquidity and investor confidence leading the regional rally, while several markets post gains.
The Saudi stock market was one of the top performers in the Arab region in December 2024, with the Tadawul All Share Index (TASI) rising by 3.39%.
This positive momentum was driven by improved liquidity and a boost in investor confidence.
At the close of December, TASI reached 12,037 points, with an average daily trading volume of SR5.2 billion ($1.3 billion), leading to a total monthly trading value of SR119.6 billion, as reported by the Arab Monetary Fund (AMF).
In comparison to Saudi Arabia’s performance, the Dubai Financial Market was the best-performing exchange in the region, with the DFMGI index increasing by 6.42%.
Other notable gains were seen in the Palestinian and Iraqi stock exchanges, which posted increases of 4.85% and 4.14%, respectively.
The positive regional performance contributed to a 1.03% rise in the AMF’s composite index for Arab financial markets.
This was supported by improved investor sentiment, easing inflation, and adjustments to monetary policies in several regional economies.
The MSCI Arab Index, which tracks stock exchanges across the Arab world, rose by 3.46%, aligning with the upward trend observed in emerging markets globally.
In contrast, global markets had mixed results, with the Nikkei 225 increasing by 4.41%, while the FTSE 100 and Dow Jones recorded declines of 1.38% and 5.27%, respectively.
The Abu Dhabi, Kuwait, and Qatar stock exchanges also saw growth, while some markets, including the Damascus Securities Exchange, experienced declines.
The Damascus exchange had the steepest drop, falling 7.64%, followed by declines in the Bahrain Bourse (2.27%) and the Egyptian Exchange (1.66%).
Arab stock exchanges saw a 2.96% increase in market capitalization, which reached approximately $4.4 trillion by the end of December.
The Tadawul exchange contributed significantly to this rise, adding 1.47 percentage points.
The Beirut Stock Exchange saw the largest market capitalization growth at 22.37%, with other notable gains in Dubai (13.54%) and Palestine (5.35%).
Trading activity in Arab markets surged, with a 25% increase in the total value of stocks traded compared to November.
The Egyptian Exchange recorded the largest growth in trading volume, up 116.74%, followed by Casablanca and Tunis with gains of 199.83% and 330.59%, respectively.
Monetary policy easing played a key role in the market rally, with central banks across the region, including the US Federal Reserve, reducing interest rates.
The Saudi Arabian, UAE, Qatari, and Bahraini central banks followed suit, contributing to increased liquidity and investor confidence, which helped drive market performance.
This positive momentum was driven by improved liquidity and a boost in investor confidence.
At the close of December, TASI reached 12,037 points, with an average daily trading volume of SR5.2 billion ($1.3 billion), leading to a total monthly trading value of SR119.6 billion, as reported by the Arab Monetary Fund (AMF).
In comparison to Saudi Arabia’s performance, the Dubai Financial Market was the best-performing exchange in the region, with the DFMGI index increasing by 6.42%.
Other notable gains were seen in the Palestinian and Iraqi stock exchanges, which posted increases of 4.85% and 4.14%, respectively.
The positive regional performance contributed to a 1.03% rise in the AMF’s composite index for Arab financial markets.
This was supported by improved investor sentiment, easing inflation, and adjustments to monetary policies in several regional economies.
The MSCI Arab Index, which tracks stock exchanges across the Arab world, rose by 3.46%, aligning with the upward trend observed in emerging markets globally.
In contrast, global markets had mixed results, with the Nikkei 225 increasing by 4.41%, while the FTSE 100 and Dow Jones recorded declines of 1.38% and 5.27%, respectively.
The Abu Dhabi, Kuwait, and Qatar stock exchanges also saw growth, while some markets, including the Damascus Securities Exchange, experienced declines.
The Damascus exchange had the steepest drop, falling 7.64%, followed by declines in the Bahrain Bourse (2.27%) and the Egyptian Exchange (1.66%).
Arab stock exchanges saw a 2.96% increase in market capitalization, which reached approximately $4.4 trillion by the end of December.
The Tadawul exchange contributed significantly to this rise, adding 1.47 percentage points.
The Beirut Stock Exchange saw the largest market capitalization growth at 22.37%, with other notable gains in Dubai (13.54%) and Palestine (5.35%).
Trading activity in Arab markets surged, with a 25% increase in the total value of stocks traded compared to November.
The Egyptian Exchange recorded the largest growth in trading volume, up 116.74%, followed by Casablanca and Tunis with gains of 199.83% and 330.59%, respectively.
Monetary policy easing played a key role in the market rally, with central banks across the region, including the US Federal Reserve, reducing interest rates.
The Saudi Arabian, UAE, Qatari, and Bahraini central banks followed suit, contributing to increased liquidity and investor confidence, which helped drive market performance.
