A trading record..Saudi stocks record their best monthly gains in 5 years
The Saudi stock market topped Gulf markets’ gains in January, as regional markets outperformed most global indices, supported by optimism about profits and strong growth expectations in non-oil sectors, according to an analysis issued by… "Kamco Invest".
In its latest report, it stated "Kamco Invest" That Maaden), and the Tourism Projects Company, which achieved gains of 26.8% and 23.4%, respectively.
The total trading volume on the Saudi Stock Exchange reached 4.9 billion shares in January, which represents an increase of 43.3% compared to December. The trading value amounted to 99.9 billion riyals (26.63 billion US Dollar), an increase of 36.2% on a monthly basis.
This strong performance in most regional stock exchanges comes as stock markets in the GCC countries continue to attract global capital, supported by strong corporate profits and ongoing economic reforms.
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