TASI to sustain Increased Activity Level: NCB Outlook

NCB Capital expects the TASI, Saudi’s main index, to sustain increased level of activity for 2012 supporting a 21% sector growth in fee income. NCB Capital also mentioned that on a YTD basis, the daily average value traded in the Saudi Stock Exchange (STE) is up 98% YoY TO SR 8.7 billion ($ 23.199 billion) and is 130% higher from the corresponding period in 2011.

NCB Capital was launched in 2007 as the investment banking arm of The National Commercial Bank, the largest bank in Saudi Arabia, to provide investment banking services to individual, institutional and corporate clients in the KSA.
Tadawul All Share Index (TASI). It is disseminated by the Saudi Stock Market. The index was developed with a base value of 1000 in 1985 and it was restructured on 06/30/08. Volume in the index excludes ‘small trades'(trades with value less than SAR 15000). Volume including the ‘small trades’ can be found in VOLTADA Index.