Saudi's Tadawul advances three places in global exchange rankings
Tadawul ranked 17th in the world in terms of liquidity in March
A man walks at the Saudi Stock Exchange (Tadawul) following the debut of Saudi Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia, December 11, 2019. Image used for illustrative purpose.
By Staff Writer, Arab News
RIYADH: Saudi Arabia's Tadawul has jumped three places among the world's largest stock exchanges based on the value of shares traded.
Tadawul ranked 17th in the world in terms of liquidity in March - up three places from the end of last year, Al Eqtisadiah reported, citing data from the World Federation of Exchanges.
The Saudi stock market achievedthe milestone after March liquidity rose by almost a fifth to SR290.7 billion ($77.5 billion).
The main Saudi stock market index, TASI, rose 8.3 percent (763 points) during the month March, compared to the close of the previous month, finishing at the level of 9908 points.
Saudi Arabia is the region's largest stock exchange and has benefited from a surge of investment activity spurred by a large-scale privatization program.
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