In an overview on TASI’s performance, the Saudi Index, TASI started its positive run from Dec 1st 2012 to April 3rd 2012 generating a 30% uplift in value from 6100 to 7900.
Total profits of the market for Q1 2012 grew by 14% compared to Q1 2011, which translates to an increase from SAR 14.8 billion in Q1 2011 to 16.8 billion in Q1 2012.
Within this jump, Transport and Real Estate were the two biggest market outperformers and they also generated the highest profit growth, which proves that the rally was not completely speculative rather it had strong fundamentals to support it. However, Transport and Real Estate make up approximately 5.2% of the total market capitalization and therefore did not contribute significantly to the 30% growth in TASI.
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