With $2.86 trln, “Tadawul” value ranks 5th largest of the G20 ‎stock markets

The monthly data of the World Federation of Exchanges revealed that Saudi Arabia is the fifth country among the G20 countries in terms of market capitalization of stock markets, after the United States of America, China and Japan, with a market value of about 2.86 trillion dollars (10.7 trillion riyals) at the end of last October It is the eighth largest stock exchange in the world in terms of market capitalization. ‎

As a result of the series of propositions and developments witnessed by “Tadawul” in recent years, the Kingdom has succeeded in achieving the target of the Financial Sector Development Program, one of the most important programs of the Kingdom’s Vision 2030, by making the Saudi Stock Exchange (Tadawul) the largest regional market and among the top 10 global financial markets. According to the data, the United States of America is at the forefront of the world and the countries of the Group of Twenty in terms of the market value of its stock markets, with the New York Stock Exchange, the largest stock exchange in the world, with a market value of about 24 trillion dollars, in addition to the second largest stock exchange in the world. The Nasdaq Stock Exchange has a market capitalization estimated at $17.2 trillion

China is the second largest country among the Group of Twenty countries and also in the world has financial markets in terms of market capitalization, with the presence of the Shanghai Stock Exchange, the third largest in the world, with a market value of $ 5.98 trillion, in addition to the Shenzhen Stock Exchange with a market value of $ 4.2 trillion as the fifth largest stock exchange in the world.

Japan ranks third among the Group of Twenty countries in terms of market capitalization of stock markets with the presence of the Tokyo Stock Exchange – the fourth largest stock exchange in the world – with market values ​​of 4.9 trillion dollars.

India ranks fourth among the G20 countries with a market value of $3.2 trillion for the Indian National Stock Exchange, which is the seventh largest stock exchange in the world after Hong Kong, which ranks sixth in the world.

Saudi Arabia is the fifth of the Group of Twenty countries in terms of the market capitalization of the financial markets, as the market value of the Saudi Stock Exchange (Tadawul) amounted to about $2.86 trillion at the end of last October, occupying the eighth place among the world’s largest stock exchanges.

The Saudi Stock Exchange (Tadawul) is ahead of the London market in the United Kingdom, which comes as the sixth of the Group of Twenty countries, which has a financial market with a market value of $2.82 trillion.

Canada is the seventh largest of the Group of Twenty countries in terms of financial markets, with a market value of the Toronto Stock Exchange amounting to 2.76 trillion dollars, while Germany comes in the eighth place with a market value of its stock exchange reaching 1.69 trillion dollars, followed by Australia with a market value of its stock exchange (AXS) at 1.54 trillion dollars, and in the tenth place comes the South Korean Stock Exchange, with a market value of 1.49 trillion dollars. ‎