Bank stocks lift Saudi TASI higher

04/10/2017 Argaam

The Saudi Tadawul All Share Index (TASI) rose 0.6 percent higher to 7,286 on Wednesday as bank stocks surged on expectations of positive third quarter earnings.

 

Total trading turnover jumped to SAR 3.2 billion while the with the advances-declines ratio at 111/65. 

Market Index

The banking sector sub-index advanced over 1 percent. Al Rajhi Bank, expected to see a growth in Q3 net profit, rose 1.3 percent to SAR 66.80. Arab National Bank jumped 3 percent to SAR 24.54 and National Commercial Bank added 1.6 percent.

  

Petrochemicals also gained. SABIC was slightly higher at SAR 101.80.  

 

Aldrees Petroleum was top riser, extending gains from Tuesday. The stock closed over 5 percent higher at SAR 31.

Company Prices

Company Price Change Change (%) Events
ALRAJHI 27.12 0.28 1.02 % -
ANB 12.26 0.36 3.02 % -
SABIC 101.58 0.09 0.09 % -
ALDREES 15.47 0.81 5.53 % -
MEDGULF 23.22 (1.37) (5.57 %) -
SNB 26.05 0.43 1.69 % -

MedGulf was the day’s biggest decliner, down 5.4 percent to SAR 31 after the insurer said it received a warning from the regulator to meet a number of solvency requirements by year-end or else risk being suspended from issuing new policies.

 

To contact the writer, email Brinda Darasha at brinda.d@argaamplus.com

Number of High/Low companies

Today

94
69

52 Weeks

135
38

Market Movers

Company 52 Weeks Range Price Change Price Earnings
ALDREES
15.47
9.80 140.20
15.47 5.53 % 22.83
OASIS
37.37
30.00 38.07
37.37 3.57 % 17.48
ALRAJHI TAKAFUL
23.36
7.40 135.00
23.36 3.16 % 15.00
ANB
12.26
7.12 21.80
12.26 3.02 % 8.29
SASCO
15.90
8.10 67.00
15.90 2.77 % 41.81
MEPCO
13.20
9.00 28.90
13.20 2.62 % 36.69
JOUF CEMENT
9.73
7.78 11.37
9.73 2.50 % 24.96
SEERA
24.75
16.68 28.81
24.75 2.40 % 11.99
HERFY FOODS
50.03
24.20 62.50
50.03 2.37 % 15.62
BUDGET SAUDI
25.04
18.60 75.40
25.04 2.37 % 12.22

Companies trading above 3-Month Average

Company Average Volume (3M) Volume Percentage Change
MALATH INSURANCE 827,893.00 4,520,064.00 445.97 %
ALDREES 481,304.00 2,545,954.00 428.97 %
NORTHERN CEMENT 124,126.00 541,549.00 336.29 %
SARCO 311,306.00 1,205,073.00 287.10 %
BCI 143,065.00 529,047.00 269.79 %
ZOUJAJ 265,732.00 875,518.00 229.47 %
CITY CEMENT 216,669.00 665,206.00 207.01 %
GASCO 78,653.00 239,874.00 204.98 %
HERFY FOODS 85,681.00 255,144.00 197.78 %
ADVANCED 263,024.00 744,368.00 183.00 %
More

Companies achieved the highest and lowest closings in 52 weeks

Company Price Change 52 Weeks
ALRAJHI TAKAFUL 23.36 195.65 %
JAZADCO 18.60 132.50 %
ZOUJAJ 22.22 46.18 %

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Calendar

Company Event
ASTRA INDUSTRIAL Cash Dividend Distribution
CATRION Cash Dividend Distribution
ALAMAR Cash Dividend Distribution
RIYADH CEMENT Cash Dividend Distribution
ALANDALUS Cash Dividend Distribution
American Petroleum Institute Reports
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more
Value Traded6,875,529,800
Open11,792.48
Prev. Close11,784.63
High11,809.40
Low11,745.84
YTD (2.41 %)
Transactions 595,979
Volume 333,762,200
Market Cap (Million) 3,381,872.40

Market Indicators

Latest update: 29/04/2025
P/E (TTM) *
20.03 X
P/E Before Unusual Items (TTM) *
22.77 X
Price/Book
2.26 X
Dividend Yield
3.05 %
* Except Aramco

Sector Closure

Sector
Value
Change
Change (%)
4,868.65
(20.60) (0.42 %)
5,198.42
8.31 0.16 %
14,211.79
19.72 0.14 %
4,958.65
(8.27) (0.17 %)
6,045.21
74.72 1.25 %
5,087.32
(27.06) (0.53 %)
4,431.56
20.20 0.46 %
22,174.53
708.31 3.30 %
7,862.92
(29.84) (0.38 %)
5,506.31
(23.30) (0.42 %)
11,406.60
17.80 0.16 %
4,694.51
57.96 1.25 %
12,755.77
(50.77) (0.40 %)
6,851.15
(93.63) (1.35 %)
9,367.46
2.01 0.02 %
9,220.79
(73.96) (0.80 %)
11,274.05
(153.47) (1.34 %)
3,088.07
(3.42) (0.11 %)
4,241.74
(30.47) (0.71 %)
76,746.07
320.79 0.42 %
4,337.02
(34.53) (0.79 %)

Most Active Companies

Commodities

Name
 
Price
Change (value)
Change (%)
Brent Crude Oil
64.44
(1.20)
(1.83 %)
Nymex
60.72
(1.30)
(2.10 %)
Natural Gas
3.35
0.03
0.87 %
Gold
3,310.03
(33.80)
(1.01 %)
Silver
33.58
0.25
0.76 %
High Grade Copper
4.89
0.00
(0.09 %)
Iron Ore
99.91
(0.01)
(0.01 %)
Aluminum
2,378.75
11.75
0.50 %
LEAD
1,966.50
(9.00)
(0.46 %)
Zinc
2,656.00
5.00
0.19 %
Steel
878.00
(3.00)
(0.34 %)
Wheat (CBOT)
531.50
0.20
0.04 %
Corn (CBOT)
478.75
(4.40)
(0.91 %)
Coffee (ICEUS)
409.25
(1.35)
(0.33 %)
Whole Milk Powder
4,975.00
162.50
3.27 %
Skim Milk Powder
2,750.00
62.50
2.27 %
Refining margins
11.25
1.55
15.98 %
VLCC "Spot"
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