TASI ends 2021 with 30% rise, hits 14-year high

01/01/2022 Argaam Special

Tadawul trading screen


Saudi Arabia’s Tadawul All Share Index (TASI) ended 2021 with a rise of 30%, or 2,592 points, at 11,282 points, compared to 8,690 points in 2020, data compiled by Argaam show.

 

Thus, the benchmark rose for the sixth straight year, hitting its annual largest gains since 2007 and highest close since 2005.

 

TASI gained 14% (1,218 points) in Q1 2021, 11% (1,076 points) in Q2 2021, and 4.7% (512 points) in Q3 2021. Meanwhile, it declined 1.9% in the fourth quarter.

 

Major events impacting Saudi market's performance in 2021:

 

- Crown Prince Mohammed bin Salman announced the launch of a program to enhance partnership with the private sector, which pushed the index more than 270 points higher.

 

The Crown Prince highlighted the Kingdom's economic position and disclosed the second phase of Vision 2030, which will extend until the end of 2025.

 

- Samba Financial Group was delisted from the Saudi Exchange (Tadawul) after its merger with the National Commercial Bank (NCB), under the new entity Saudi National Bank (SNB).

 

- The Capital Market Authority (CMA) approved its strategic plan for 2021-2023, which includes 68 new listings and increase of foreign investors’ ownership.

 

- A total of nine companies were listed on TASI and five other companies obtained the approval to float their shares.

 

- Shares of Abdullah A. M. Al-Khodari Sons Co. were delisted after the company announced that a judgment was issued by the Commercial Appeal Court in Riyadh, supporting the decision to end the financial reorganization procedure and to open the liquidation procedure under the bankruptcy law.

 

- The capital market institutions were allowed to accept subscriptions from non-Saudis in the real estate fund that invests in property assets located in Makkah and Madinah.

 

- The payment deferral program was extended for additional three months, ending March 31, 2022.

 

- OPEC+ confirmed plans to increase oil production by 400,000 barrels per day in January 2022.

 

- Brent crude prices exceeded $86 a barrel for the first time since 2018.

 

- Citizens were allowed to travel abroad, and sea, air and land borders were fully reopened from May 17, 2021.

 

- The Ministry of Health applied the decision on making COVID-19 vaccination mandatory to enter the government and private entities.

 

- The Saudi government reimposed wearing face masks and applying social distancing in all closed and open places, in addition to events and activities.

 

- The 2022 budget was announced, with estimated expenditures of SAR 955 billion and revenues of SAR 1.045 trillion, which means an expected surplus of up to SAR 90 billion.

 

TASI Performance Since 2005

Year

Closing

(points)

Change

(points)

(%)Change 

2005

16713

+8507

+104%

2006

7934

(8779)

(53%)

2007

11039

+3105

+39%

2008

4803

(6236)

(56%)

2009

6122

+1319

+27%

2010

6621

+499

+8%

2011

6418

(203)

(3%)

2012

6801

+383

+6%

2013

8536

+1735

+26%

2014

8333

(203)

(2%)

2015

6912

(1421)

(17%)

2016

7210

+298

+4%

2017

7226

+16

+0.2%

2018

7827

+601

+8%

2019

8389

+562

+7%

2020

8690

+301

+4%

2021

11282

+2592

+30%

 

Quarterly performance:

 

TASI quarterly performance since 2010

Year

Opening (points)

Closing (points)

Change (points)

2010

Q1 2010

6122

6801

+11.1%

Q2 2010

6801

6094

(10.4%)

Q3 2010

6094

6392

+4.9%

Q4 2010

6392

6621

+3.6%

2011

Q1 2011

6621

6563

(0.9 (%

Q2 2011

6563

6576

+0.2%

Q3 2011

6576

6112

)7.1%)

Q4 2011

6112

6418

+5.0%

2012

Q1 2012

6418

7835

+22.1%

Q2 2012

7835

6710

(14.4%)

Q3 2012

6710

6840

+1.9%

Q4 2012

6840

6801

(0.6%)

2013

Q1 2013

6801

7126

+4.8%

Q2 2013

7126

7497

+5.2%

Q3 2013

7497

7965

+6.2%

Q4 2013

7965

8536

+7.2%

2014

Q1 2014

8536

9474

+11.0%

Q2 2014

9474

9513

+0.4%

Q3 2014

9513

10855

+14.1%

Q4 2014

10855

8333

(%23.2)

2015

Q1 2015

8333

8779

+5.3%

Q2 2015

8779

9087

+3.5%

Q3 2015

9087

7404

(18.5%)

Q4 2015

7404

6912

(6.7%)

2016

Q1 2016

6912

6223

((10.0%

Q2 2016

6223

6500

+4.4%

Q3 2016

6500

5623

(%13.5)

Q4 2016

5623

7210

+28.2%

2017

Q1 2017

7210

7002

(2.9%)

Q2 2017

7002

7426

+6.1%

Q3 2017

7426

7283

(%1.9)

Q4 2017

7283

7226

(0.8% (

2018

Q1 2018

7226

7871

+8.9%

Q2 2018

7871

8314

+5.6%

Q3 2018

8314

8000

(%3.8)

Q4 2018

8000

7827

(2.2%)

2019

Q1 2019

7827

8819

+12.7%

Q2 2019

8819

8822

+0.03%

Q3 2019

8822

8092

(8.3%)

Q4 2019

8092

8389

+3.7%

2020

Q1 2020

8389

6505

(22.5%)

Q2 2020

6505

7224

+11.0%

Q3 2020

7224

8299

+14.9%

Q4 2020

8299

8690

+4.7%

2021

Q1 2021

8690

9908

+14.0%

Q2 2021

9908

10984

+10.9%

Q3 2021

10984

11496

+4.7%

Q4 2021

11496

11282

(1.9%)

 

Monthly performance:

 

TASI gained in all months of 2021, except for November, in which it fell by nearly 8%. The index recorded the biggest monthly rise of 8.3% in March.  

 

TASI Monthly Performance in 2021

Month

Closing (points)

Change (points)

Change (%)

January

8703

+13

+0.1%

February

9145

+442

+5.1%

March

9908

+763

+8.3%

April

10419

+511

+5.2%

May

10551

+132

+1.3%

June

10984

+433

+4.1%

July

11013

+29

+0.3%

August

11319

+306

+2.8%

September

11496

+177

+1.6%

October

11704

+208

+1.8%

November

10762

(942)

(8.0%)

December

11282

+520

+4.8%

 

Market sectors ended the year on a positive note, except for Food & Staples Retailing, Food & Beverages and Insurance, which dropped by 13%, 11% and 1%, respectively.

 

Media and Entertainment was the top gainer, soaring 128%, followed by Software and Services that leapt 103%.

 

Sector Performance in 2021

Sector

2019

2020

Change (points)

Change

(%)

Energy

5387

5515

+128

+2%

Materials

5746

7344

+1598

+28%

Capital goods

6538

7545

+1007

+15%

Commercial & Professional Services

4060

4444

+384

+9%

Transportation

4843

5234

+391

+8%

Consumer Durables

5722

6349

+627

+11%

Consumer Services

4269

4640

+371

+9%

Media

10217

23254

+13037

+128%

Retailing

8556

9847

+1291

+15%

Food Retailing

10537

9122

(1415)

(13%)

Food & Beverages

5464

4836

(628)

(11%)

Healthcare

5654

7315

+1661

+29%

Pharma.

5172

5191

+19

+0.4%

Banks

7589

12221

+4632

+61%

Diversified Financials

4595

6829

+2234

+49%

Insurance

6025

5990

(35)

(1%)

Software and Services

14091

28654

+14563

+103%

Telecom

6899

7278

+379

+5%

Utilities

4609

5933

+1324

+29%

REITs

4285

4612

+327

+8%

Real Estate Management

3020

3171

+151

+5%

Market

8690

11282

+2592

+30%

 

Index performance:

 

TASI hit its highest level in 2021 at 11,955 points on Oct. 24 and reached its highest and lowest levels of 11,940 and 8,464 points on Oct. 21 and Feb. 4, respectively.

 

The benchmark's highest daily trading value was recorded on June 8 at SAR 19.48 billion, while the lowest daily trading value came on Dec. 26 at SAR 4.18 billion.

 

TASI performance in 2021

Period

Performance

Date

Notes

Highest (points)

11955

Oct. 24

Highest since January 2008

Lowest (points)

8464

Feb. 4

--

Highest close (points)

11940

Oct. 21

Highest close since July 2006

Lowest close (points)

8543

Feb. 3

--

Highest traded value (SAR bln)

19.48

June 8

Highest since 2008, except for the sessions that witnessed the entry of funds and Aramco's acquisition of SABIC.

Lowest traded value (SAR bln)

4.18

Dec. 26

Lowest since July 2020

Highest traded shares

721.48

March 16

--

 

Sessions of biggest gains and losses:

 

TASI recorded its biggest daily gain of 2.8% on March 31.

 

Sessions of biggest gains in 2020

Session

Opening

(points)

Closing

(points)

Change

(points)

Change

(%)

March 31

9635

9908

+272

+2.8%

April 28

10267

10531

+264

+2.6%

December 5

10883

11142

+260

+2.4%

December 16

11143

11312

+169

+1.5%

December 28

11161

11315

+154

+1.4%

April 15

9848

9988

140+

+1.4%

March 29

9483

9616

+133

+1.4%

May 25

10319

10448

+129

+1.3%

March 10

9473

9595

+122

+1.3%

February 8

8688

8809

+121

+1.4%

 

Sessions of biggest decline in 2021

Session

Opening

(points)

Closing

(points)

Change

(points)

Change

(%)

November 28

11299

10788

(512)

(4.5%)

November 22

11486

11172

(314)

(2.7%)

November 21

11710

11486

(225)

(1.9%)

December 19

11312

11160

(152)

(1.3%)

August 19

11345

11202

(143)

(1.3%)

July 11

10825

10688

(137)

(1.3%)

July 8

10959

10825

(134)

(1.2%)

August 22

11202

11077

(125)

(1.1%)

November 18

11834

11710

(123)

(1.0%)

December 6

11142

11021

(121)

(1.1%)

 

Trading value:

 

Total trading value staged a strong recovery, amounting to SAR 2.235 trillion in 2021, rising 22% compared with SAR 1.828 trillion a year earlier.

 

Trading Value (SAR bln)

Month

2020

2021

Daily average

Change (%)

January

84.38

160.81

7.66

+91%

February

71.60

245.75

12.29

+243%

March

116.93

290.69

12.64

+149%

April

95.59

188.57

8.98

+97%

May

75.80

158.72*

8.82

+109%

June

121.77**

294.72

13.40

--

July

111.39

144.85

9.05

+30%

August

150.41

154.11

6.70

+2%

September

267.45

147.86

7.04

(45%)

October

221.35

156.50

7.45

(29%)

November

258.64

133.29

6.06

(48%)

December

253.35

160.03

7.27

(37%)

Total

1828.67

2235.90

8.94

+22%

*Eid al-fitr Holiday

**Excluding Aramco's acquisition of the Public Investment Fund's stake in SABIC at a total value of SAR 259.1 billion

 

Stock performance:

 

For stock performance, 109 companies closed the year higher, while 73 stocks ended in the red.

 

Sadr Logistics Co. was the best performer for the year, surging 184%, followed by Etihad Atheeb Telecommunication Co. (GO), which jumped 166%.

 

Top 10 Performers in 2021

Company

2020

(SAR)

2021

(SAR)

Change 

(%)

Sadr Logistics *

36.09

102.40

+184%

Etihad Atheeb**

11.06

29.40

+166%

SAIC

18.90

47.50

+151%

SRMG

78.50

196.20

+150%

Sipchem

17.32

42.00

+142%

Arab Sea

85.50

196.00

+129%

MEPCO

19.32

43.60

+126%

SABIC Agri-Nutrients

80.60

176.60

+119%

Arabia Insurance

18.88

39.55

+109%

UCA

17.10

33.95

+99%

*Amening capital during the period

**Trading suspension will be lifted on the stock from Feb. 14

 

Meanwhile, Amana Cooperative Insurance Co. led decliners, falling 50%, followed by Allied Cooperative Insurance Group (ACIG), with a decline of 40%.

 

Top 10 Losers in 2021

Company

2020

(SAR)

2021

(SAR)

Change

(%)

Amana Insurance*

68.53

34.40

(50%)

ACIG

39.39

23.60

(40%)

Saudi Cable

29.75

19.52

(34%)

Salama

24.76

17.00

(31%)

Saudi Paper

64.60

45.50

(30%)

Fawaz Alhokair

21.80

15.56

(29%)

Abo Moati

53.50

38.75

(28%)

Tihama

51.80

37.75

(27%)

Umm Al-Qura Cement

31.35

23.56

(25%)

Savola

42.50

31.95

(25%)

*Amending capital during the period

 

Blue chips rose, except for Almarai and Saudi Electricity Co. (SEC), which dropped by 11% and 13%, respectively.  

 

Meanwhile, Al Rajhi Bank and SNB rose 93% and 49%, respectively.

 

Performance of Market’s Top 10 Blue Chips in 2021

Company

2020

(SAR)

2021

(SAR)

Change

(%)

Al Rajhi

73.60

141.80

+93%

SNB*

43.35

64.40

+49%

Aramco

35.00

35.80

+2%

SABIC

101.40

116.00

+14%

stc

106.00

112.40

+ 6%

Riyad Bank

20.20

27.10

+34%

BSF

31.60

47.25

+50%

Alinma Bank

16.18

23.96

+48%

SABB

24.72

33.00

+33%

Almarai

54.90

48.75

(11%)

*Amending Capital during the period.

 

Performance of listed companies in 2021:

 

Tadawul witnessed the listing of nine companies in 2021, seven of which moved up compared to the listing price. Theeb Rent a Car was the top performer with a rise of 52%, followed by International Company for Water and Power Projects (ACWA Power) that leapt 50%.

 

On the other hand, Almunajem Foods and Nayifat Finance dropped 3% and 8%, respectively.

 

Performance of listed companies in 2021

Company

Listing Price

(SAR)

2021

(SAR)

Change

Theeb Rent a Car

40.00

60.90

+52%

ACWA Power

56.00

84.00

+50%

Alkhorayef

72.00

102.40

+42%

solutions

151.00

188.20

+25%

Development Works

67.00

82.10

+23%

Tadawul

105.00

125.80

+20%

*Listing price in the main market

 

Performance of REITs:

 

Real estate investment trusts (REITs) showed varied performance in 2021, topped by Al Ahli REIT 1 and SEDCO Capital REIT, which rose 28% each.

 

On the other hand, four REITs declined, led by Alkhabeer REIT Fund and Taleem REIT, which fell 8% and 5%, respectively.

 

Performance of REITs in 2021

REIT

2020

(SAR)

2021

(SAR)

Change

SEDCO Capital REIT

9.35

12.00

28%

Al Ahli REIT 1

8.92

11.40

28%

Riyad REIT

8.50

9.85

16%

Derayah REIT

11.20

12.70

13%

Al Rajhi REIT

9.70

10.92

13%

Bonyan REIT

8.88

9.76

10%

Mulkia REIT

9.05

9.85

9%

SICO Saudi REIT

8.00

8.57

7%

Jadwa REIT Al Haramain

7.47

8.00

7%

Jadwa REIT Saudi

14.00

14.98

7%

Musharaka REIT

9.83

9.92

1%

Al Maather REIT

8.90

8.96

1%

MEFIC REIT

7.21

7.22

0.1%

Aljazira REIT

22.84

22.78

(0.3%)

Swicorp Wabel REIT

7.41

7.15

(4%)

Taleem REIT

12.88

12.30

(5%)

Alkhabeer REIT

9.39

8.67

(8%)

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read