TASI’s performance between Eid Al-Adha holidays 2023-24

20/06/2024 Argaam Special

TASI’s performance between Eid Al-Adha holidays 2023-24

Tadawul trading screen


Tadawul All-Share Index (TASI) rose 0.3%, or 40 points, between Eid Al-Adha holidays of 2023 and 2024.

 

The benchmark index closed the last session before Eid Al-Adha holiday, on June 13, at 11,499 points, compared with 11,459 points in the same period a year earlier.

 

TASI declined nearly 4% or 468 points since the beginning of 2024 and until Eid Al-Adha holiday.

 

The market will reopen on June 23.

 

Performance of TASI between Eid Al-Adha holidays

Period

Open

Close

Change

(Pts)

Change (%)

2004 -2005

4,584

9,187

+4,603

+100%

2005 -2006

9,187

7,933

(1,254)

(14%)

2006 -2007

7,933

11,350

+3,417

+43%

2007 -2008

11,350

4,655

(6,695)

(59%)

2008 -2009

4,655

6,356

+1,701

+37%

2009 -2010

6,356

6,444

+88

+1%

2010 -2011

6,444

6,216

(228)

(4%)

2011 -2012

6,216

6,791

+575

+9%

2012 -2013

6,791

7,983

+1,192

+18%

2013 -2014

7,983

10,851

+2,869

+36%

2014 -2015

10,851

7,443

(3,408)

(31%)

2015 -2016

7,443

6,177

(1,266)

(17%)

2016 -2017

6,177

7,259

+1,082

+18%

2017- 2018

7,259

7,867

+608

+8%

2018 -2019

7,867

8,550

+683

+9%

2019 -2020

8,550

7,459

(1,091)

(13%)

2020 -2021

7,459

10,795

+3,336

+45%

2021 - 2022

10,795

11,417

+622

+6%

2022 - 2023

11,417

11,459

+42

+0.40%

2023 - 2024

11,459

11,499

+40

+0.30%

 

On stock performance during the same period, 102 listed companies reported increases, while 107 companies registered declines. 

 

Etihad Atheeb Telecommunication Co. (GO) led the gainers, surging 277%. It was followed by Electrical Industries Co. with 232%. The Mediterranean and Gulf Insurance and Reinsurance Co. (MEDGULF), Saudi Chemical Holding Co., Al Rajhi Co. for Cooperative Insurance (Al Rajhi Takaful), and Arabian Pipes Co. saw jumps, ranging between 188% and 199%.

 

Top Gainers*

Company

June 22, 2023

(SAR)

June 13, 2024

(SAR)

Change (%)

Etihad Atheeb

23.60

88.90

+277%

Electrical Industries

1.77

5.88

+232%

MEDGULF

9.32

27.90

+199%

Saudi Chemical

3.78

11.02

+192%

Al Rajhi Takaful

54.80

159.60

+191%

Arabian Pipes

60.80

175.00

+188%

Saudi Paper

29.45

78.10

+165%

East Pipes

62.40

159.40

+155%

Saudi Steel Pipe

26.75

67.50

+152%

ACWA Power

166.47

331.80

+99%

Al-Babtain

19.43

37.25

+92%

MESC

16.42

30.30

+85%

Gulf Union Alahlia

10.98

19.10

+74%

Astra

87.10

149.60

+72%

Amiantit

14.63

24.90

+70%

Naseej

44.45

75.00

+69%

Leejam

129.00

217.40

+69%

Salama

16.70

26.90

+61%

Almunajem

65.50

105.20

+61%

NADEC

19.72

31.65

+60%

*The capital changes were taken into account.

 

On the other hand, Fawaz Abdulaziz Alhokair Co. (Cenomi Retail), Thimar Development Holding Co., Methanol Chemicals Co. (Chemanol), Saudi Kayan Petrochemical Co., Rabigh Refining and Petrochemical Co. (Petro Rabigh) declined by percentages ranging between 41% and 48%, as shown in the table below:

 

Top Losers*

Company

June 22, 2023

(SAR)

June 13, 2024

(SAR)

Change (%)

Cenomi Retail

16.04

8.34

(48%)

Thimar

87.06

46.70

(46%)

Chemanol

25.25

14.26

(44%)

Saudi Kayan

13.82

8.01

(42%)

Alamar

131.00

76.90

(41%)

Petro Rabigh

11.50

6.78

(41%)

Yanbu Cement

42.80

27.90

(35%)

GACO

24.96

16.34

(35%)

Najran Cement

14.14

9.26

(35%)

Al Baha

0.20

0.13

(34%)

SIDC

13.04

8.70

(33%)

Southern Cement

53.50

37.15

(31%)

Emaar EC

9.36

6.57

(30%)

Eastern Cement

46.85

32.90

(30%)

SIECO

34.45

24.84

(28%)

Americana

4.29

3.10

(28%)

Tabuk Cement

16.64

12.04

(28%)

Arabian Cement

39.60

28.80

(27%)

Saudi Electricity

22.54

16.42

(27%)

City Cement

25.50

18.60

(27%)

 *The capital changes were taken into account.

 

The blue chips showed varied performance, with Al Rajhi Bank jumping 8%. Meanwhile, Saudi Aramco, Saudi National Bank (SNB), Saudi Basic Industries Corp. (SABIC), and Saudi Telecom Co. (stc) declined by percentages ranging between 4% and 17%.

 

ACWA Power was the top gainer, soaring 99%, followed by Elm Co. with 41%. Meanwhile, Riyad Bank topped the list of declining companies with a decrease of 27%.

 

Performance of Blue Chips *

Company

June 22, 2023

(SAR)

June 13, 2024

(SAR)

Change (%)

Saudi Aramco

32.25

27.70

(14%)

Al Rajhi Bank

73.00

79.00

+8%

SNB

36.80

35.15

(4%)

ACWA Power

166.47

331.80

+99%

Alinma Bank

26.80

31.30

+17%

stc

43.50

36.60

(16%)

SABIC

88.20

73.50

(17%)

Sulaiman Al Habib

286.20

288.00

+1%

Riyad Bank

33.65

24.66

(27%)

Maaden

42.20

44.40

+5%

SAB

38.15

37.85

(1%)

BSF

41.70

34.85

(16%)

Bank Albilad

30.96

33.20

+7%

Almarai

60.70

54.90

(10%)

Mobily

47.90

49.20

+3%

Jabal Omar

25.80

25.25

(2%)

Savola

41.65

42.80

+3%

SABIC AN

129.60

110.00

(15%)

ANB

19.75

19.92

+1%

Elm

582.00

821.00

+41%

*The capital changes were taken into account.

 

All REITs’ units recorded declines during the same period, as shown in the following table:

 

Performance of REITs

Company

June 22, 2023

(SAR)

June 13, 2024

(SAR)

Change (%)

Musharaka REIT

7.76

4.87

(37%)

Derayah REIT

9.63

6.64

(31%)

SICO Saudi REIT

5.64

4.32

(23%)

Riyad REIT Fund

8.97

6.90

(23%)

AlJazira REIT

20.46

16.08

(21%)

Mulkia REIT

7.14

5.63

(21%)

Jadwa REIT Al Haramain

7.60

6.22

(18%)

AlAhli REIT 1

9.40

7.85

(16%)

SEDCO Capital REIT

9.38

7.91

(16%)

Al Rajhi REIT

9.75

8.35

(14%)

MEFIC REIT

5.18

4.52

(13%)

Jadwa REIT Saudi

13.42

12.20

(9%)

Alkhabeer REIT

6.79

6.22

(8%)

Alinma Hospitality REIT

9.33

8.64

(7%)

Taleem REIT

11.30

10.84

(4%)

Alinma Retail REIT

5.11

4.98

(3%)

Al Maather REIT

9.00

8.87

(1%)

Bonyan REIT 

9.44

9.38

(1%)

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