TASI rises for 12 consecutive sessions, closes above 12,500

18/02/2024 Argaam

Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 0.1%, or 17 points, higher at 12,502 points today, Feb. 18, recording the highest close since August 2022.

 

Total turnover reached nearly SAR 9.2 billion.

 

The benchmark continued to rise for the 12th consecutive session, recording gains of about 700 points.

Market Index

NADEC went almost limit up to close at SAR 35.30, recording the highest close since listing. Nearly 5.4 million shares were traded. The company reported a Q4 2023 net profit of about SAR 124 million, higher than estimates.

 

Savola Group, Almarai, Jabal Omar, Arab National Bank, and Yamama Cement increased between 1% and 4%.

 

Bahri closed at SAR 26.35 (+6%).

 

SAIB rose more than 4% to SAR 16.88 after the bank announced a cash dividend and a bonus issue.

Company Prices

Company Price Change Change (%) Events
NADEC 35.30 3.20 9.97 % -
ALRAJHI 89.50 (0.20) (0.22 %) -
SAIB 13.50 0.53 4.07 % -
SABIC 79.00 0.00 0.00 % -
SAUDI KAYAN 9.79 0.28 2.94 % -
GIG 32.65 0.35 1.08 % -
SOLUTIONS 372.80 (20.80) (5.28 %) -
SNB 41.45 (0.50) (1.19 %) -
SAUDI ARAMCO 31.95 0.00 0.00 % -
SULAIMAN ALHABIB 321.00 1.00 0.31 % -

On the other hand, Saudi National Bank declined more than 1% to SAR 41.45.

 

solutions fell 5% to SAR 372.80 after Q4 2023 profit declined 17.8% year-on-year to SAR 162 million.

 

Write to 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
AYYAN 1,482,599.00 16,801,383.00 1,033.24 %
SIDC 138,831.00 872,886.00 528.74 %
CITY CEMENT 410,138.00 2,276,829.00 455.14 %
HERFY FOODS 184,686.00 998,958.00 440.90 %
NGC 299,587.00 1,520,205.00 407.43 %
NAMA CHEMICALS 207,418.00 876,598.00 322.62 %
ARABIAN SHIELD 806,680.00 3,360,320.00 316.56 %
SAUDI KAYAN 2,849,791.00 11,656,084.00 309.02 %
BCI 141,219.00 573,803.00 306.32 %
SAUDI CERAMICS 878,261.00 3,431,123.00 290.67 %
More

Companies achieved the highest and lowest closings in 52 weeks

Company Price Change 52 Weeks
ATHEEB TELECOM 106.00 436.97 %
EIC 3.98 252.74 %
NADEC 35.30 205.48 %
ELM 1,033.80 164.40 %
EAST PIPES 111.00 126.53 %
MESC 23.56 124.38 %
NCLE 175.80 103.24 %
ALKHALEEJ TRNG 31.70 100.13 %
SAVOLA GROUP 32.32 94.01 %
SEERA 34.00 88.26 %
MEDGULF 16.36 87.19 %
CATRION 138.40 78.12 %
AYYAN 23.46 74.83 %
BUDGET SAUDI 89.80 66.91 %
NASEEJ 65.30 52.21 %
BAHRI 26.35 45.57 %
MEPCO 44.05 42.56 %
SINAD HOLDING 14.50 38.89 %
SAICO 16.54 38.76 %
SULAIMAN ALHABIB 321.00 32.10 %
MCDC 86.50 31.06 %
JAZADCO 16.52 23.10 %
LAZURDE 15.90 21.75 %
TAIBA 32.20 21.28 %
ALBILAD 38.68 17.35 %

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Market Data

USD Riyal
Value Traded12,283,900,556.00
Open11,865.65
Prev. Close11,864.90
High11,870.52
Low11,787.72
YTD (1.50 %)
Transactions 512,588.00
Volume
637,816,427.00
Market Cap (Million)
3,332,508.19
Market Data

Market Indicators

Latest update: 25/11/2024
P/E (TTM) *
23.58 X
P/E Before Unusual Items (TTM) *
24.26 X
Price/Book
2.31 X
Dividend Yield
2.77 %
* Except Aramco

Sector Closure

Sector
Value
Change
Change (%)
Energy
5,298.11
(9.68) (0.18 %)
Materials
5,627.86
(78.63) (1.38 %)
Capital Goods
14,139.46
(127.79) (0.90 %)
Commercial & Professional Svc
5,065.08
(59.79) (1.17 %)
Transportation
6,995.08
52.47 0.76 %
Consumer Durables & Apparel
5,250.46
(47.27) (0.89 %)
Consumer Services
4,954.24
79.33 1.63 %
Media and Entertainment
31,150.02
1,337.39 4.49 %
Consumer Discretionary Distribution & Retail
7,849.58
(9.87) (0.13 %)
Consumer Staples Distribution & Retail
8,496.64
(81.77) (0.95 %)
Food & Beverages
5,502.34
(36.87) (0.67 %)
Health Care Equipment & Svc
11,653.64
(53.51) (0.46 %)
Pharma, Biotech & Life Sciences
4,962.17
(26.97) (0.54 %)
Banks
11,821.43
(99.86) (0.84 %)
Financial Services
7,744.03
(62.40) (0.80 %)
Insurance
9,744.20
(7.06) (0.07 %)
Telecommunication Services
7,914.86
19.83 0.25 %
Utilities
13,121.73
(306.99) (2.29 %)
REITs
3,206.34
38.80 1.22 %
Real Estate Mgmt & Dev't
3,627.78
15.30 0.42 %
Software & Services
79,595.21
(1,736.65) (2.14 %)

Most Active Companies

Name
 
Price
Change (value)Change (%)
Brent Crude Oil
73.48
(1.74) (2.31 %)
Nymex
69.52
(1.81) (2.53 %)
Natural Gas
3.53
0.24 6.95 %
Gold
2,636.00
(75.50) (2.78 %)
Silver
30.37
(0.99) (3.15 %)
High Grade Copper
4.17
0.03 0.77 %
Iron Ore
102.02
0.07 0.07 %
Aluminum
2,618.50
23.50 0.89 %
LEAD
2,038.50
20.00 0.99 %
Zinc
3,025.50
53.50 1.79 %
Steel
720.00
(2.00) (0.28 %)
Wheat (CBOT)
555.25
(10.40) (1.84 %)
Corn (CBOT)
433.75
(2.00) (0.46 %)
Coffee (ICEUS)
308.95
5.80 1.92 %
Whole Milk Powder
4,637.50
(12.50) (0.27 %)
Skim Milk Powder
2,750.00
12.50 0.45 %
Refining margins
3.90
(0.66) (14.47 %)
VLCC "Spot"
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Fujairah Fuel Pric (mt) ($)
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VLCC "TC/1Year" ($)
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MR Atlantic ($)
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Dry Bulk Panamax ($)
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