TASI closes marginally lower at 11,406, turnover hits lowest since April 2020
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 0.1%, or 16 points, lower at 11,406 points today, Oct. 16.
Total turnover reached SAR 3.2 billion, the lowest since April 2020.
Market Index
Saudi Aramco fell more than 1% to SAR 35.
Saudi Electricity and ACWA Power declined 2% to SAR 25.50 and SAR 157.20, respectively.
Salama Insurance and Alhokair Group hit an all-time low at SAR 13.34 and SAR 18.06, respectively.
Company Prices
Company | Price | Change | Change (%) | Events |
---|---|---|---|---|
ALRAJHI | 81.70 | 0.40 | 0.49 % | - |
YC | 30.95 | 0.30 | 0.98 % | - |
SABIC | 89.70 | (0.30) | (0.33 %) | - |
ZAIN KSA | 12.68 | 0.26 | 2.09 % | - |
ATHEEB TELECOM | 12.04 | (0.11) | (0.88 %) | - |
SNB | 45.52 | 0.00 | 0.00 % | - |
SAUDI ARAMCO | 31.82 | (0.36) | (1.13 %) | - |
MEPCO | 39.30 | 0.00 | 0.00 % | - |
ELM | 318.20 | 2.80 | 0.89 % | - |
On the other hand, Al Rajhi Bank rose less than 1% to SAR 81.70.
Zain KSA went up 2% to SAR 12.68 amid trading of about 11.4 million shares.
The telco announced the transfer of ownership of one of its subsidiaries, Zain Business Ltd, to the Public Investment Fund (PIF) at a nominal value of SAR 10,000.
The company signed an agreement to transfer ownership of 8,069 towers for SAR 3.026 billion, expecting to achieve a capital gain of SAR 2.2 billion.
Savola, Jabal Omar, Almarai, Etihad Etisalat and solutions increased between 1 and 3%.
To contact the writer, email Parag Deulgaonkar at parag.d@argaam.com
Number of High/Low companies
Companies trading above 3-Month Average
Company | Average Volume (3M) | Volume | Percentage Change |
---|---|---|---|
EQUIPMENT HOUSE | 572,195.00 | 3,983,337.00 | 596.15 % |
TCC | 186,501.00 | 888,703.00 | 376.51 % |
ZAIN KSA | 3,093,777.00 | 11,359,558.00 | 267.17 % |
AYYAN | 775,414.00 | 2,722,253.00 | 251.07 % |
MULKIA REIT | 97,049.00 | 312,958.00 | 222.47 % |
SAUDI GERMAN HEALTH | 677,850.00 | 2,088,225.00 | 208.07 % |
EAST PIPES | 237,698.00 | 641,430.00 | 169.85 % |
SGS | 287,320.00 | 707,241.00 | 146.15 % |
SALAMA | 541,031.00 | 1,274,503.00 | 135.57 % |
UACC | 256,956.00 | 570,022.00 | 121.84 % |
More |
Companies achieved the highest and lowest closings in 52 weeks
Calendar
Company | Event | ||
---|---|---|---|
TADCO | General Assembly | ||
FIPCO | General Assembly | ||
ALLIANZ SF | General Assembly | ||
NAJRAN CEMENT | General Assembly | ||
MOUWASAT | General Assembly | ||
ALDAWAA | Cash Dividend Distribution | ||
SULAIMAN ALHABIB | Cash Dividend Distribution | ||
THEEB | Ex-dividend Date | ||
BINDAWOOD | Ex-dividend Date | ||
MSCI index | Key Events | ||
more |
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