TASI rises 0.2% to 12,631 points, turnover at SAR 13B

29/02/2024 Argaam

Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 0.2%, or 19 points, higher at 12,631 points today, Feb. 29.

 

Total turnover reached nearly SAR 13 billion.

Market Index

ACWA Power closed an all-time high at SAR 264 (+2%), with about 1.3 million shares traded. The company’s Q4 2023 results were higher-than-market estimates, in addition to the announcement of cash dividend and bonus issue.

 

Al Rajhi Takaful and Zahrat Al Waha closed at SAR 84.70 (+10%) and SAR 42.40 (+6%) following the announcement of Q4 2023 financial results.

 

Avalon Pharma jumped 30% for the third consecutive session to SAR 179.80, with about 2.6 million shares traded. The share prices are up 120% compared to the listing price of SAR 82.

 

Luberef rose 4% to SAR 168, recording the highest close since its debut on the market.

Company Prices

Company Price Change Change (%) Events
ALRAJHI 89.00 0.00 0.00 % -
SABIC 78.80 (0.20) (0.25 %) -
ALRAJHI TAKAFUL 84.70 7.70 10.00 % -
SNB 42.35 0.00 0.00 % -
SAUDI ARAMCO 31.70 (0.20) (0.63 %) -
ACWA POWER 263.47 5.99 2.33 % -
ALKATHIRI 2.92 0.01 0.34 % -
OASIS 42.40 2.40 6.00 % -
ATAA 78.80 (3.20) (3.90 %) -
ALSAIF GALLERY 10.22 (0.04) (0.39 %) -

On the other hand, Saudi Aramco fell 1% to SAR 31.70.

 

Bank Albilad, Riyad Bank, Maaden, Sulaiman Al Habib, SIIG and Sipchem declined between 1% and 2%.

 

Write to Parag Deulgaonkar at parag.d@argaam.com

Number of High/Low companies

Today

103
126

52 Weeks

180
53

Market Movers

Company 52 Weeks Range Price Change Price Earnings
AVALON PHARMA
179.80
90.20 179.80
179.80 29.91 % 33.48
ALRAJHI TAKAFUL
84.70
38.00 219.00
84.70 10.00 % 25.82
SASCO
80.82
28.84 81.00
80.82 8.77 % 54.58
2P
17.50
8.25 17.50
17.50 8.19 % 39.14
AYYAN
26.10
11.59 26.24
26.10 8.13 % NEG
GIG
35.60
24.16 36.30
35.60 6.59 % 14.54
OASIS
42.40
30.05 43.40
42.40 6.00 % 28.16
EIC
4.21
1.15 6.42
4.21 4.99 % 26.11
MESC
25.25
9.58 34.40
25.25 4.60 % 26.47
SPM
60.36
22.73 70.70
60.36 4.57 % 30.68

Companies trading above 3-Month Average

Company Average Volume (3M) Volume Percentage Change
PETRO RABIGH 2,708,491.00 48,159,856.00 1,678.11 %
TASNEE 2,920,497.00 37,482,780.00 1,183.44 %
OASIS 201,961.00 1,650,343.00 717.16 %
SFICO 477,652.00 3,074,145.00 543.60 %
ALBILAD 1,813,017.00 10,408,472.00 474.10 %
ACWA POWER 362,535.00 1,986,644.00 447.99 %
ALKATHIRI 2,971,998.00 15,674,325.00 427.40 %
ADES 8,079,417.00 42,362,362.00 424.32 %
AYYAN 2,150,931.00 10,446,812.00 385.69 %
GIG 318,797.00 1,454,073.00 356.11 %
More

Companies achieved the highest and lowest closings in 52 weeks

Company Price Change 52 Weeks
SALAMA 27.35 198.35 %
ASTRA INDUSTRIAL 169.00 195.97 %
SASCO 80.82 163.04 %
SPM 60.36 159.37 %
MESC 25.25 143.73 %
ALKHALEEJ TRNG 36.20 132.35 %
MEDGULF 18.18 117.46 %
ALRAJHI TAKAFUL 84.70 110.07 %
TAWUNIYA 162.00 102.51 %
2P 17.50 100.00 %
AYYAN 26.10 93.24 %
GULF UNION ALAHLIA 17.40 90.58 %
ACWA POWER 263.47 87.23 %
ENAYA 17.34 78.76 %
ALYAMAMAH STEEL 35.50 62.84 %
GASCO 85.60 61.81 %
LUBEREF 168.00 56.13 %
SAICO 17.30 44.41 %
WATANIYA 23.32 43.60 %
AMANA INSURANCE 13.62 37.58 %
GIG 35.60 33.67 %
OASIS 42.40 30.86 %
MCDC 88.00 29.79 %
SRMG 247.00 27.98 %
ALAWWAL MT30 49.30 20.98 %
EXTRA 95.50 19.52 %

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Calendar

Event Company
Cash Dividend Distribution SPCC
Ex-dividend Date SAVOLA GROUP
General Assembly SAVOLA GROUP
General Assembly SAPTCO
Ex-dividend Date A.OTHAIM MARKET
Ex-dividend Date DALLAH HEALTH
Cash Dividend Distribution SNB
Cash Dividend Distribution ALDAWAA
Ex-dividend Date BAAZEEM
Ex-dividend Date JADWA REIT ALHARAMAIN
more
Value Traded7,567,797,441
Open12,194.16
Prev. Close12,187.44
High12,220.51
Low12,141.89
YTD 1.90 %
Transactions 515,077
Volume 325,306,311
Market Cap (Million) 3,456,092.33

Market Indicators

Latest update: 23/08/2024
P/E (TTM) *
26.34 X
P/E Before Unusual Items (TTM) *
26.31 X
Price/Book
2.46 X
Dividend Yield
2.66 %
* Except Aramco

Sector Closure

Sector
Value
Change
Change (%)
5,243.72
(18.22) (0.35 %)
5,675.67
15.93 0.28 %
13,199.03
(95.98) (0.72 %)
5,218.45
(0.51) (0.01 %)
7,928.76
56.94 0.72 %
5,249.64
17.10 0.33 %
5,175.67
52.78 1.03 %
31,069.32
35.67 0.11 %
5,919.20
10.69 0.18 %
13,293.99
18.83 0.14 %
5,237.50
78.56 1.52 %
12,204.55
(22.26) (0.18 %)
7,804.01
52.83 0.68 %
11,614.96
151.82 1.32 %
7,794.20
(10.43) (0.13 %)
14,412.75
68.14 0.48 %
3,279.30
18.64 0.57 %
3,807.78
(5.64) (0.15 %)
79,148.46
1,126.70 1.44 %

Most Active Companies

Name
 
Price
Change (value)Change (%)
Brent Crude Oil
79.02
1.77 2.29 %
Nymex
74.83
1.82 2.49 %
Natural Gas
2.02
(0.03) (1.50 %)
Gold
2,546.30
29.60 1.17 %
Silver
29.82
0.77 2.67 %
High Grade Copper
4.20
0.05 1.28 %
Iron Ore
98.05
(0.14) (0.14 %)
Aluminum
2,473.25
61.75 2.56 %
LEAD
2,007.50
22.50 1.13 %
Zinc
2,726.00
38.50 1.43 %
Steel
750.00
7.00 0.95 %
Wheat (CBOT)
528.00
(7.40) (1.38 %)
Corn (CBOT)
391.00
(2.40) (0.61 %)
Coffee (ICEUS)
247.30
4.40 1.81 %
Whole Milk Powder
4,362.50
100.00 2.29 %
Skim Milk Powder
2,637.50
75.00 2.84 %
Refining margins
5.37
(0.66) (10.95 %)
VLCC "Spot"
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Fujairah Fuel Pric (mt) ($)
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VLCC "TC/1Year" ($)
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MR Atlantic ($)
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Dry Bulk Panamax ($)
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