Bank stocks lift Saudi TASI higher

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

Chart Type
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- OHLC
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- Step
Period
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- 6 Months
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- 3 Years
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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

Gainers

Losers

52 Weeks

Gainers

135

Losers

Company	52 Weeks Range	Price	Change	Price Earnings
ALDREES	15.47 9.80 127.00	15.47	5.53 %	22.83
OASIS	37.37 31.60 38.07	37.37	3.57 %	17.48
ALRAJHI TAKAFUL	23.36 7.40 167.80	23.36	3.16 %	15.00
ANB	12.26 7.12 20.30	12.26	3.02 %	8.29
SASCO	15.90 8.10 66.60	15.90	2.77 %	41.81
MEPCO	13.20 9.00 36.40	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 24.10 62.50	50.03	2.37 %	15.62
BUDGET SAUDI	25.04 18.60 75.80	25.04	2.37 %	12.22

Company	52 Weeks Range	Price	Change	Price Earnings
MEDGULF	23.22 21.07 56.26	23.22	(5.57 %)	NEG
MESC	13.46 8.10 42.95	13.46	(3.93 %)	35.57
ALOMRAN	10.70 10.06 37.95	10.70	(3.50 %)	12.12
SALAMA	29.99 10.46 32.32	29.99	(3.35 %)	15.15
BAAZEEM	2.33 2.20 6.52	2.33	(2.95 %)	7.59
ENAYA	49.42 12.02 69.65	49.42	(2.94 %)	NEG
DWF	27.50 25.58 138.60	27.50	(2.80 %)	NEG
ARAB SEA	1.24 1.10 6.72	1.24	(2.52 %)	93.29
GO TELECOM	15.92 15.11 114.40	15.92	(2.15 %)	NEG
CENOMI RETAIL	76.84 12.02 88.36	76.84	(1.89 %)	23.58

Company	52 Weeks Range	Price	Volume (M)	Percentage to Market
ALINMA	10.75 6.60 28.25	10.75	70,980,270	52.83 %
ALBAHA	0.28 0.18 0.44	0.28	17,990,618	13.39 %
ALRAJHI	27.12 19.75 92.00	27.12	7,046,598	5.24 %
DAR ALARKAN	6.59 4.45 14.62	6.59	7,033,844	5.24 %
TECO	0.46 0.30 0.97	0.46	5,981,560	4.45 %
SABIC	101.58 66.70 105.40	101.58	4,654,800	3.46 %
MALATH INSURANCE	16.25 10.66 17.96	16.25	4,520,064	3.36 %
MUSHARAKA REIT	10.31 4.68 11.10	10.31	3,823,246	2.85 %
BJAZ	10.12 5.38 17.98	10.12	3,286,611	2.45 %
SAUDI KAYAN	8.89 5.30 9.85	8.89	3,190,421	2.37 %

Company	52 Weeks Range	Price	Turnover	Percentage to Market
ALINMA	10.75 6.60 28.25	10.75	760,832,067	23.50 %
SABIC	101.58 66.70 105.40	101.58	473,283,576	14.62 %
ALRAJHI	27.12 19.75 92.00	27.12	192,204,264	5.94 %
OASIS	37.37 31.60 38.07	37.37	112,539,559	3.48 %
MALATH INSURANCE	16.25 10.66 17.96	16.25	77,146,560	2.38 %
SAUDI ELECTRICITY	24.45 14.85 26.05	24.45	49,278,619	1.52 %
DAR ALARKAN	6.59 4.45 14.62	6.59	46,272,224	1.43 %
SEERA	24.75 16.68 28.81	24.75	42,814,046	1.32 %
SARCO	34.99 21.05 72.30	34.99	42,769,886	1.32 %
MUSHARAKA REIT	10.31 4.68 11.10	10.31	39,426,257	1.22 %

1 Day
2 Days
5 Days
More

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

Gainers
Losers

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

Company	Price	Change 52 Weeks
ETIHAD ETISALAT	16.70	(14.80 %)

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Calendar

Company	Event
WALAA	Allocation Date
NAJRAN CEMENT	General Assembly
ABO MOATI	Cash Dividend Distribution

Market Data

USD Riyal

TASI
NOMU
MT30

Value Traded4,146,141,232.00

Open11,898.73

Prev. Close11,892.44

High11,980.03

Low11,848.12

YTD (0.99 %)

Transactions 343,257.00

Volume

171,305,426.00

Market Cap (Million)

3,339,388.57

Market Data

Market Indicators

Latest update: 22/12/2024

TASI
NOMU

P/E (TTM) *

23.55 X

P/E Before Unusual Items (TTM) *

24.21 X

Price/Book

2.31 X

Dividend Yield

2.78 %

* Except Aramco

Sector Closure

Sector

Value

Change

Change (%)

Energy

5,374.33

(100.82) (1.84 %)

Materials

5,504.30

(2.42) (0.04 %)

Capital Goods

15,194.12

(362.20) (2.33 %)

Commercial & Professional Svc

4,838.31

(45.92) (0.94 %)

Transportation

6,913.69

(36.18) (0.52 %)

Consumer Durables & Apparel

5,261.69

(28.84) (0.55 %)

Consumer Services

4,871.91

(34.85) (0.71 %)

Media and Entertainment

33,071.33

73.03 0.22 %

Consumer Discretionary Distribution & Retail

7,671.09

(22.26) (0.29 %)

Consumer Staples Distribution & Retail

8,371.10

(46.34) (0.55 %)

Food & Beverages

6,079.44

(0.07) 0.00 %

Health Care Equipment & Svc

11,887.71

(375.18) (3.06 %)

Pharma, Biotech & Life Sciences

4,981.04

17.55 0.35 %

Banks

11,817.52

12.90 0.11 %

Financial Services

7,695.95

10.15 0.13 %

Insurance

10,019.19

(49.05) (0.49 %)

Telecommunication Services

7,839.12

2.38 0.03 %

Utilities

13,311.35

232.08 1.77 %

REITs

3,163.72

(12.73) (0.40 %)

Real Estate Mgmt & Dev't

3,535.93

15.52 0.44 %

Software & Services

82,259.57

(422.91) (0.51 %)

Most Active Companies

By Volume
By Turn over

Name

Price

Change (value)Change (%)

Brent Crude Oil

72.94

0.10 0.14 %

Nymex

69.46

0.08 0.12 %

Natural Gas

3.75

0.16 4.52 %

Gold

2,645.10

37.00 1.42 %

Silver

29.96

0.55 1.86 %

High Grade Copper

4.10

0.02 0.58 %

Iron Ore

104.08

(0.65) (0.62 %)

Aluminum

2,505.50

26.50 1.07 %

LEAD

1,981.00

9.00 0.46 %

Zinc

2,972.50

2.50 0.08 %

Steel

718.00

5.00 0.69 %

Wheat (CBOT)

533.00

0.00 0.00 %

Corn (CBOT)

446.25

5.40 1.23 %

Coffee (ICEUS)

325.00

1.25 0.38 %

Whole Milk Powder

4,612.50

(37.50) (0.81 %)

Skim Milk Powder

2,737.50

(62.50) (2.28 %)

Refining margins

4.34

1.14 35.63 %

VLCC "Spot"

- -

LPG (mt) ($)

- -

Fujairah Fuel Pric (mt) ($)

- -

VLCC "TC/1Year" ($)

- -

Bank stocks lift Saudi TASI higher

Market Index

Company Prices

Number of High/Low companies

Market Movers

Companies trading above 3-Month Average

Companies achieved the highest and lowest closings in 52 weeks

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