Saudi Business Consulting - Saudi Stock Market

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Article by Hadi Al-Beshri

The Saudi stock market is one of the biggest stock markets in the region, The region also have the Kuwaiti stock market, Bahraini Stock Market, Qatari Stock market, Abu Dhabi stock market in UAE an d Dubai Stock market which is also in UAE.

It is relatively young when compared with other stock markets. It is an OTC stock market.

The highest level for the Saudi stock market was 20,634 points which it hit on 25/02/2006 before it crashed that year. The lowest point the Saudi stock market reached was 4,130 point which was on 11/03/2009.The Saudi stock market currently trades in the range of 6,000-6,500 points for most of the 2010. As of this article it is near the yearly high at 6,440 point.

The Saudi stock market has a total of 144 listed companies, which are listed in 15 sectors, These sectors are:Banks & Financial Services, Petrochemical Industries, Cement, Retail, Energy & Utilities, Agriculture & Food Industries, Telecommunication & Information Technology, Insurance, Multi-Investment, Industrial Investment, Building & Construction, Real Estate Development, Transport, Media and Publishing, Hotel & Tourism.

With the Petrochemical Industries sector having about 23.73% of the total value traded in the market

Some facts about the Saudi Stock Market:The largest company listed by market cap is SABIC which is in the Petrochemical Industries sector, Its market cap is SAR 247,500,000,000 (3,000,000,000 shares X SAR 82.50 price/share)

The next company with related to market cap has about half the value. The rank belongs to Al Rajhi Bank with a total market cap of SAR 106,875,000,000 (1,500,000,000 shares X SAR 71.25 price/share)

Total stock shares that have been traded for the year ended 2009 are57,269,078,110 sharesWith value of SAR 1,262,148,800,618.10

All information is taken from the 2009 yearly stock report.

-------------------------Megwar Innovative Consulting: Sa udi Business Consulting 2010http://www.megwarinnovativeconsulting.com

Hadi Al-Beshri is a Saudi entrepreneur and owner of Megwar Innovative Consulting.

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