Tadawul All Share Index (TASI) closed yesterday’s session at its highest level in 27 months at 7,532 points, even surpassing its July 2017 peak of 7,486.
The Saudi benchmark ended Tuesday’s session at 7,532 pts, 39 percent higher than the 5,416-point trough recorded on Oct. 3, 2016, the worst market close since March 2011.
The index has been gaining momentum lately on oil prices hovering near the $70-per-barrel mark.
Index Performance |
|||
|
Oct. 3, 2016 |
Jan. 16, 2018 |
Variation |
TASI Closing (points) |
5,416 |
7,532 |
+39% |
Saudi Research and Marketing Group (SRMG) was the top gainer during the period, surging 258 percent.
It was followed by United Electronics Co. (eXtra) and Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful), which jumped 241 percent and 238 percent respectively.
Top Gainers |
|||
Stock |
Closing of Oct. 3, 2016 (SAR) |
Closing of Jan. 16, 2018 (SAR) |
Variation |
SRMG |
18.38 |
65.73 |
+258% |
eXtra* |
14.03 |
47.88 |
+241 % |
Al Rajhi Takaful |
18.32 |
61.93 |
+238 % |
Salama |
8.84 |
25.12 |
+184 % |
Walaa |
13.22 |
33.89 |
+156 % |
Buruj |
14.30 |
33.96 |
+137 % |
Trade Union |
8.55 |
20.12 |
+135 % |
Dar Al-Arkan |
4.69 |
10.98 |
+134 % |
Arabia Insurance |
7.59 |
17.29 |
+128 % |
AXA |
10.43 |
23.57 |
+126 % |
Arabian Shield |
18.34 |
40.67 |
+122 % |
Jazadco |
7.85 |
16.73 |
+133 % |
Saudi Kayan |
5.40 |
11.39 |
+111 % |
Petro Rabigh |
9.57 |
20.21 |
+111 % |
SACO |
55.27 |
115.00 |
+108 % |
BATIC* |
28.20 |
57.89 |
+105 % |
Ash-Sharqiyah |
24.02 |
47.98 |
+100 % |
SPPC |
10.23 |
20.50 |
+100 % |
Chemanol |
5.25 |
10.18 |
+94 % |
Alujain |
11.54 |
21.97 |
+90 % |
*Prices adjusted according to capital hike or capital cut.
Saudi Industrial Export Co. (SIECO) was the worst performer, plunging 37 percent. It was followed by the Mediterranean and Gulf Insurance and Reinsurance Co., which fell 34 percent, and Nama Chemicals (down 31 percent).
Top Losers |
|||
Stock |
Closing of Oct. 3, 2016 (SAR) |
Closing of Jan. 16, 2018 (SAR) |
Variation |
SIECO* |
231.50 |
145.17 |
(37%) |
MedGulf* |
40.90 |
26.81 |
(34%) |
Nama Chemicals* |
25.85 |
17.90 |
(31%) |
BCI |
31.00 |
21.54 |
(31%) |
Metlife AIG ANB |
18.03 |
14.39 |
(20%) |
Care |
56.00 |
44.77 |
(20%) |
Southern Cement |
59.40 |
49.89 |
(16%) |
Mobily |
18.71 |
15.71 |
(16%) |
Red Sea |
22.35 |
18.93 |
(15%) |
Al Sagr |
29.32 |
24.94 |
(15%) |
Aslak |
18.40 |
16.08 |
(13%) |
Atheeb Telecom* |
7.15 |
6.36 |
(11%) |
Shaker |
12.60 |
11.38 |
(10%) |
Tihama* |
51.34 |
46.79 |
(9%) |
Alinma Tokio |
23.93 |
21.83 |
(9%) |
Kingdom Holding |
10.20 |
9.31 |
(9%) |
Bupa |
102.05 |
93.35 |
(9%) |
Takween |
11.09 |
10.27 |
(7%) |
Makkah Construction |
87.00 |
81.90 |
(6%) |
Qassim Cement |
49.31 |
46.45 |
(6%) |
*Prices adjusted according to capital hike or capital cut.
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