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%) |
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