The index for April closed at 11246.55 points compared with 10499.26 for March 2005, with an increase of 7.12 percent; it reached its heights historical point as it hit 11980.28 points by Saturday 9/4/2005, setting a new benchmark. Year to-date, the index increased by 35.12%.
Market capitalization by the end of the month closed up at SR 1.63 trillion (US$ 435 billion) increasing by 10 percent compared with the market capitalization for March 2005.
The total value of shares traded in April has reached a record of SR 306 billion (US$ 81.6 billion) compared with SR 282 billion from last March of 2005 gaining a plus of 8 percent.
Total number of shares traded in April, 2005 was 869.3 million shares down from 916 million shares traded in March 2005, dropping by 5 percent.
Total transactions in April, 2005 has reached 2.44 million transactions compared with 2.25 transactions for March 2005, showing an increase of 8 percent.
New Listing:
Al Bilad Bank closed its IPO last March, it started trading with a paid up capital of SR 3 billion and 60 million shares offering 30 million shares at SR 50 per share. The bank was listed for trading effective 30 April 2005.
New IPO:
During April, SADAFCO launched its IPO with a paid up capital of SR 325 million and 6.5 million shares. The company offered 1.95 million shares at SR 260 per share. SADAFCO will be listed for trading in Saudi Stock Exchange soon.
Corporate Actions of the Month:
- SAMBA increased its paid up capital by issuing one share for every two shares raising its total shares to 120 million effective April 1, 2005.
- Saudi Industrial Investment Group (SIIG) increased its paid up capital by issuing one share for every two shares raising its total share number into 36 million effective April 12, 2005.
- SABIC increased its paid up capital by issuing one share for every three shares raising its total share number into 400 million effective April 16, 2005.
