Saudi Arabia’s benchmark Tadawul All Share Index (TASI) last closed at 8,466 points on March 10.
Argaam has compiled data showing that the index has rallied 105 percent since hitting a 10-year trough at 4,130 points on March 9, 2009.
Since March 2009, the index dipped to an all-time low hit by the global financial crisis that emerged in mid-2008.
TASI started to rebound in the second half of 2017 and the start of 2018, touching 12,000 points. At the time, the index was bolstered by improved petrochemical prices.
|
TASI Performance |
||||
|
|
March 9, 2009 |
March 9, 2019 |
Variation (points) |
Variation (%) |
|
TASI Closing (points) |
4,130 |
8,466 |
4,336 |
+105% |
*Market was closed March 9, 2019
As compiled by Argaam, TASI hit its lowest levels at 5,323 points and 5,416 points in 2011 and 2016, respectively.
|
Lowest Market Closing since 2009 |
||
|
Year |
Date |
Lowest closing |
|
2009 |
March 9 |
4,130 |
|
2010 |
May 25 |
5,760 |
|
2011 |
March 2 |
5,323 |
|
2012 |
Jan. 17 |
6,370 |
|
2013 |
Jan. 1 |
6,860 |
|
2014 |
Dec. 16 |
7,330 |
|
2015 |
De. 14 |
6,686 |
|
2016 |
Oct. 3 |
5,416 |
|
2017 |
Nov. 21 |
6,778 |
|
2018 |
Jan. 2 |
7,172 |
|
2019* |
Jan. 2 |
7,791 |
*From January 1 - March 10
Compared to the performance of 123 stocks that traded on March 9, 2009, gainers outnumbered losers by 76 to 47 on March 10, 2019.
Bupa Arabia for Cooperative Insurance Co. was the best performer, soaring 1,717 percent for the period from Mar. 9, 2009 to Mar. 10, 2019. Abdullah Al Othaim Markets Co. came second with a surge of 738 percent in the same period.
Blue chip petrochemical producer SABIC rallied 260 percent, followed by Saudi Almarai (+220 percent) and Saudi Telecom Co. (+194 percent).
|
Top Gainers |
|||
|
Stock |
Closing of March 9, 2009 (SAR) |
Closing of March 10, 2019* (SAR) |
Variation |
|
Bupa Arabia** |
4.65 |
84.50 |
1,717% |
|
Al Othaim** |
8.00 |
67.00 |
738% |
|
SADAFCO |
17.90 |
101.00 |
464 % |
|
Advanced** |
10.02 |
54.50 |
444% |
|
Tawuniya** |
11.18 |
59.70 |
434% |
|
Maaden** |
10.70 |
53.90 |
404% |
|
BATIC** |
7.86 |
38.00 |
383% |
|
Yansab |
14.80 |
69.30 |
368% |
|
Jarir** |
37.75 |
152.20 |
303% |
|
SABIC |
34.10 |
121.60 |
257% |
|
Almarai** |
16.54 |
52.90 |
220% |
|
Makkah Construction |
23.95 |
75.80 |
216% |
|
SRMG |
26.00 |
80.90 |
211% |
|
Albilad** |
9.17 |
22.80 |
209% |
|
Alhokair** |
7.40 |
28.30 |
208% |
|
ARDCO** |
6.86 |
20.24 |
195% |
|
STC |
34.00 |
99.80 |
194% |
|
Budget Saudi** |
10.37 |
30.10 |
190% |
|
Aldrees** |
11.80 |
33.35 |
183% |
|
Ash-Sharqiyah |
19.85 |
50.80 |
156% |
*Market was closed March 9, 2019
**Company adjusted capital during this time
As far as decliners go, Saudi Paper Manufacturing Co. (SPMC) plunged 78 percent. It was followed by Zain Saudi (-74 percent). Nama Chemicals Co. fell 38 percent.
|
Top Decliners |
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|
Stock |
Closing of March 9, 2009 (SAR) |
Closing of March 10, 2019* (SAR) |
Variation |
|
SPMC** |
53.85 |
12.00 |
(78%) |
|
Zain Saudi** |
37.71 |
9.74 |
(74%) |
|
Wafa*** |
34.26 |
9.50 |
(72%) |
|
Al Abdullatif |
36.60 |
12.50 |
(66%) |
|
National Gypsum |
34.20 |
12.42 |
(64%) |
|
Malath** |
31.21 |
11.52 |
(63%) |
|
MESC** |
32.27 |
11.94 |
(63%) |
|
Cable** |
121.47 |
46.05 |
(62%) |
|
Amiantit |
14.50 |
6.01 |
(59%) |
|
Al Ahlia** |
27.08 |
12.50 |
(54%) |
|
Arabian Pipes |
21.26 |
10.64 |
(50%) |
|
Red Sea** |
28.76 |
15.90 |
(45%) |
|
AlBabtain** |
39.50 |
22.58 |
(43%) |
|
Anaam |
20.67 |
12.44 |
(40%) |
|
Gulf Union** |
22.65 |
13.86 |
(39%) |
|
Nama ** |
42.62 |
26.45 |
(38%) |
|
Eastern Cement |
38.00 |
24.12 |
(37%) |
|
MedGulf** |
24.12 |
15.48 |
(36%) |
|
Saudi Ceramic** |
29.87 |
19.92 |
(33%) |
|
Tabuk Cement** |
18.20 |
12.14 |
(33%) |
*Market was closed March 9, 2019
**Company amended capital during the period
***Last price before closing
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