Saudi Arabia’s Tadawul All Share Index (TASI) rallied 8 percent year-on-year (YoY), or 608 points, in the period between Aug. 29, 2017 and Aug. 16, 2018 (Eid Al-Adha this year and last year), data compiled by Argaam showed.
TASI closed on Aug. 16, the last session before Eid Al Adha holiday, at 7,867 points compared to 7,259 points a year earlier.
During the period, the Saudi Stock Exchange (Tadawul) was included in MSCI’s EM index. FTSE Russell also decided to add Tadawul to its secondary emerging market index.
|
TASI performance |
||||
|
Period |
Opening points |
Closing points |
Change (points) |
Change |
|
2007-2008 |
11,254 |
4,655 |
(6,600) |
(59%) |
|
2008-2009 |
4,655 |
6,356 |
1,701 |
37% |
|
2009-2010 |
6,356 |
6,444 |
88 |
1% |
|
2010-2011 |
6,444 |
6,216 |
(228) |
(45%) |
|
2011-2012 |
6,216 |
6,791 |
575 |
9% |
|
2012-2013 |
6,791 |
7,983 |
1,192 |
18% |
|
2013-2014 |
7,983 |
10,851 |
2,869 |
36% |
|
2014-2015 |
10,851 |
7,443 |
(3,408) |
(31%) |
|
2015-2016 |
7,443 |
6,177 |
(1,266) |
(17%) |
|
2016-2017 |
6,177 |
7,259 |
1,082 |
18% |
|
2017-2018 |
7,259 |
7,867 |
608 |
8% |
A total of 63 companies closed higher during the same period, led by Saudi Kayan Petrochemical Co. (Saudi Kayan) with 108 percent YoY.
Rabigh Refining and Petrochemical Company (Petro Rabigh) and Methanol Chemicals Company (Chemanol) followed at 92 percent YoY and 82 percent YoY, respectively.
Riyad Bank, National Industrialization Co. (Tasnee) and Dar Al-Arkan Real Estate Development Co. recorded gains between 49 percent and 63 percent YoY.
|
Top 5 Gainers (SAR) |
|||
|
Company |
Closing as of Aug. 29, 2017 |
Closing as of Aug. 16, 2018 |
Variation % |
|
Saudi Kayan |
8.49 |
17.70 |
+108% |
|
Petro Rabigh |
12.72 |
24.38 |
+92% |
|
Chemanol |
6.77 |
12.32 |
+82% |
|
Dar Al-Arkan |
6.26 |
10.18 |
+63% |
|
Petrochem |
16.92 |
26.75 |
+58% |
Meanwhile, 108 companies posted a retreat, with Wafa Insurance plunging 67 percent YoY, followed by MetLife AIG ANB (-52 percent YoY) and Go (-49 percent YoY).
Fawaz Abdulaziz Alhokair Co. dropped 42 percent YoY, while and Al Tayyar Travel Group Holding Co. dipped 33 percent YoY.
|
Top 5 Losers (SAR) |
|||
|
Company |
Closing as of Aug. 29, 2017 |
Closing as of Aug. 16, 2018 |
Variation % |
|
Wafa* |
29.41 |
9.65 |
(67%) |
|
MetLife AIG ANB* |
39.00 |
18.86 |
(52%) |
|
GO* |
10.57 |
5.35 |
(49%) |
|
Jabal Omar |
67.96 |
35.90 |
(47%) |
|
Al-Baha |
28.04 |
15.64 |
(44%) |
*Capital adjusted during the period.
**GO and Wafra's closing prices ahead of a trading halt.
Most heavyweights headed north in the same . Al Rajhi bank and petrochemical blue chip SABIC jumped 26 percent YoY and 22 percent YoY, respectively.
Losers were dragged down by Jabal Omar. Savola Group followed diving 35 percent YoY.
Saudi Electricity Co. (SEC) retreated 22 percent YoY and Almarai fell 19 percent YoY.
|
Heavyweight Performance |
|||
|
Company |
Aug. 29, 2017 |
Aug. 16, 2018 |
Change |
|
Al Rajhi |
66.60 |
84.00 |
+ 26% |
|
SABIC |
98.92 |
123.00 |
+ 24% |
|
NCB* |
34.95 |
41.45 |
+ 19% |
|
Samba |
24.22 |
29.80 |
+ 23% |
|
STC |
75.06 |
78.40 |
+ 4% |
|
Jabal Omar |
67.96 |
35.90 |
(47%) |
|
Riyad Bank |
11.20 |
16.70 |
+ 49% |
|
Alinma |
16.89 |
21.84 |
+ 29% |
|
Maaden |
50.40 |
54.70 |
+ 9% |
|
BSF |
31.02 |
31.95 |
+ 3% |
|
ANB |
24.38 |
32.75 |
+ 34% |
|
Jarir |
150.11 |
181.60 |
+ 21% |
|
SABB |
25.91 |
32.00 |
+ 24% |
|
Saudi Kayan |
8.49 |
17.70 |
+ 108% |
|
Yansab |
56.36 |
72.40 |
+ 28% |
|
SEC |
23.67 |
18.40 |
(22%) |
|
Savola |
46.83 |
30.45 |
(35%) |
|
Tasnee |
13.96 |
20.92 |
+50% |
|
Almarai* |
65.23 |
52.90 |
(19%) |
|
Aljazira* |
11.48 |
14.56 |
+ 27% |
*Capital adjusted during the period. 
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