TASI hits 27-month high on improved oil prices

17/01/2018 Argaam Special

 

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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