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Saudi Exchange (Arabic: تداول السعودية ) or Tadāwul (Arabic: تداول ) is a stock exchange in Saudi Arabia.Tadāwul was formed in 2007 as a joint stock company and the sole entity authorized to act as a securities exchange in Saudi Arabia, but trading began in 1954 as an informal financial market.
The Tadawul All-Share Index is a price index in which all stock corporations on the Tadawul Stock Exchange are listed. It reflects the development of the entire Saudi Arabian stock market. [1] The index level is determined exclusively based on share prices and is only adjusted for income from subscription rights and special payments.
The Saudi Capital Market Law provides for the establishment of the “Saudi Stock Exchange” as a Joint Stock Company that operates as the only authorized entity to carry out the trading of securities in the Kingdom of Saudi Arabia . The exchange operations are currently conducted through Saudi Stock Exchange (Tadawul).
These exchanges accounted for 87% of global market capitalization in 2016. [1] Some exchanges do include companies from outside the country where the exchange is located. Major stock exchanges
Saudi Arabia has two stock exchanges, the Tadawul and The Saudi Parallel Market (Nomu), whose financial markets are regulated by the Capital Market Authority. [ 160 ] [ 161 ] The stock market capitalization of listed companies in Saudi Arabia is valued at $2.22 trillion.
The following list sorts countries by the total market capitalization of all domestic companies [clarification needed] listed in the country, according to data from the World Bank. Market capitalization, commonly called market cap, is the market value of a publicly traded company's outstanding shares. [1]
The Saudi Parallel Market (Nomu), is a parallel equity market in Saudi Arabia launched the Saudi Stock Exchange (Tadawul) on 26 February 2017 with lighter listing requirements. Nomu serves as an alternative platform for companies to be publicly listed.
On Monday, 9 March 2020, stock markets globally experienced major point drops due to a combination of panic over the COVID-19 pandemic and the price war between Saudi Arabia and Russia. The Dow Jones fell over 2,000 points, or 7.8%, exceeding the futures market prediction and becoming the largest point drop in its history. [58]