TASI falls 1.8% to 11,800 pts, total turnover at SAR 6.2B
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 1.8%, or 220 points, lower at 11,800 points today, Sept. 11, recording the lowest monthly close.
Total turnover reached about SAR 6.2 billion.
Brent crude fell 3.7% to $69.19 per barrel on Sept. 10, falling below $70 for the first time since December 2021, after OPEC cut its global oil demand growth forecast for 2024 and 2025. Nymex also declined 4.3% to $65.75 per barrel.
Market Index
Saudi Aramco, Al Rajhi Bank and Saudi National Bank each fell nearly 1%.
ACWA Power closed at SAR 385.40 (-5%).
Red Sea, ARTEX, Riyadh Cables, MEDGULF and Bupa Arabia declined between 4% and 5%.
Saudi Fisheries was the top decliner, falling almost 10% to SAR 23.94. About 7 million shares, valued at more than SAR 175 million, changed hands.
Company Prices
On the other hand, MESC rose 5% to SAR 40.20 amid trading of about 3.6 million shares. The company fully offset its accumulated loss and started making retained earnings as of July 31, 2024.
Number of High/Low companies
Market Movers
Company | 52 Weeks Range | Price | Change | Price Earnings |
---|---|---|---|---|
ALBAHA | 0.19 | 5.56 % | More than 100 | |
MESC | 40.20 | 5.24 % | 22.39 | |
ALISTITHMAR REIT | 9.45 | 5.12 % | - | |
AMLAK | 12.68 | 3.43 % | 41.30 | |
ASTRA INDUSTRIAL | 164.40 | 3.27 % | 23.65 | |
BINDAWOOD | 6.90 | 3.14 % | 27.38 | |
RASAN | 53.60 | 2.10 % | 89.36 | |
HB | 63.00 | 1.78 % | NEG | |
ALBILAD US TECH | 16.10 | 1.71 % | - | |
ATAA | 75.30 | 1.21 % | 44.84 |
Companies trading above 3-Month Average
Company | Average Volume (3M) | Volume | Percentage Change |
---|---|---|---|
JADWA REIT SAUDI | 249,140.00 | 2,659,137.00 | 967.33 % |
ENAYA | 654,074.00 | 6,007,204.00 | 818.43 % |
AMANA INSURANCE | 770,370.00 | 6,277,116.00 | 714.82 % |
SFICO | 1,025,141.00 | 6,903,565.00 | 573.43 % |
MESC | 756,630.00 | 3,581,470.00 | 373.34 % |
ALHOKAIR GROUP | 1,763,682.00 | 7,614,379.00 | 331.73 % |
SINAD HOLDING | 396,720.00 | 1,270,446.00 | 220.24 % |
MEPCO | 539,972.00 | 1,687,997.00 | 212.61 % |
THIMAR | 260,400.00 | 769,250.00 | 195.41 % |
EMAAR EC | 2,779,345.00 | 7,475,111.00 | 168.95 % |
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 |
Sector Closure
Sector
Value
Change
Change (%)
Most Active Companies
Name
Price
Change (value)Change (%)
Brent Crude Oil
73.24
(1.86)
(2.47 %)
Nymex
69.19
(2.00)
(2.80 %)
Natural Gas
3.41
0.28
8.31 %
Gold
2,626.10
(83.40)
(3.07 %)
Silver
30.15
(1.16)
(3.69 %)
High Grade Copper
4.15
0.02
0.52 %
Iron Ore
102.02
0.07
0.07 %
Aluminum
2,613.00
18.00
0.68 %
LEAD
2,018.00
(0.50)
(0.02 %)
Zinc
3,016.50
44.50
1.49 %
Steel
720.00
1.00
0.14 %
Wheat (CBOT)
554.25
(11.00)
(1.95 %)
Corn (CBOT)
434.00
(1.00)
(0.23 %)
Coffee (ICEUS)
305.35
3.25
1.08 %
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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