TASI falls 0.6% to 12,555 points, turnover at SAR 8.2B

03/03/2024 Argaam

Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 0.6%, or 76 points, lower at 12,555 points today, March 3.

 

Total turnover reached nearly SAR 8.2 billion.

Market Index

Al Rajhi Bank declined 1% to SAR 87.70.

 

Zain KSA fell more than 6% to SAR 13.96, with about 50 million shares traded, the highest since 2015. The total value of the shares traded exceeded SAR 700 million.

 

The telecom company released its Q4 2023 financials and announced a cash dividend of SAR 0.50 per share.

 

Umm Al-Qura Cement declined 2% to SAR 15.78 after the company reported losses of SAR 6.1 million in Q4 2023.

 

Hail Cement closed at SAR 11.64 (-4%) after going ex-dividend today.

Company Prices

Company Price Change Change (%) Events
ALRAJHI 87.70 (1.30) (1.46 %) -
SABIC 78.20 (0.60) (0.76 %) -
SADAFCO 380.40 0.00 0.00 % -
HCC 11.64 (0.50) (4.12 %) -
ZAIN KSA 13.96 (0.94) (6.31 %) -
BAWAN 48.90 (1.50) (2.98 %) -
UACC 15.78 (0.28) (1.74 %) -
SNB 41.85 (0.50) (1.18 %) -
SAUDI ARAMCO 31.55 (0.15) (0.47 %) -
JADWA REIT ALHARAMAIN 6.79 (0.08) (1.16 %) -
NAQI 77.80 (1.20) (1.52 %) -

On the other hand, Al Rajhi Takaful and Saudi Steel Pipe went almost limit up to SAR 93.10 and SAR 54, recording the highest close since listing.

 

Avalon Pharma rose to SAR 193.40 (+8%), with nearly 4.2 million shares worth SAR 800 million traded.

 

Jadwa REIT Al Haramain closed at SAR 6.79 (-1%) after going ex-dividend.

 

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

Number of High/Low companies

Today

1
0

52 Weeks

174
58

Market Movers

Company 52 Weeks Range Price Change Price Earnings
ALRAJHI TAKAFUL
93.10
38.00 192.00
93.10 9.92 % 28.38
SSP
54.00
19.34 74.70
54.00 9.87 % 15.91
AVALON PHARMA
193.40
90.20 197.60
193.40 7.56 % 33.87
ALDREES
143.61
63.55 146.61
143.61 6.10 % 51.14
MAHARAH
7.73
4.27 8.07
7.73 5.89 % 26.12
RIYADH CABLES
117.00
45.70 122.00
117.00 4.46 % 35.75
SPIMACO
39.85
21.78 45.25
39.85 4.46 % NEG
MEPCO
46.00
26.90 47.50
46.00 4.19 % NEG
APC
182.00
38.25 208.80
182.00 4.00 % 16.87
ALBABTAIN
35.00
14.27 38.80
35.00 3.86 % 18.63

Companies trading above 3-Month Average

Company Average Volume (3M) Volume Percentage Change
ZAIN KSA 4,196,915.00 50,141,011.00 1,094.71 %
SFICO 489,789.00 2,056,508.00 319.88 %
SSP 1,258,373.00 4,524,515.00 259.55 %
JAZIRA TAKAFUL 275,615.00 813,171.00 195.04 %
FITAIHI GROUP 2,951,238.00 8,690,309.00 194.46 %
OASIS 213,248.00 616,933.00 189.30 %
EXTRA 566,805.00 1,617,817.00 185.43 %
AYYAN 2,072,135.00 5,665,886.00 173.43 %
FIRST MILLS 536,567.00 1,456,632.00 171.47 %
PETRO RABIGH 2,690,543.00 6,815,668.00 153.32 %
More

Companies achieved the highest and lowest closings in 52 weeks

Company Price Change 52 Weeks
APC 182.00 361.34 %
SASCO 82.02 169.96 %
SPM 61.55 165.49 %
SSP 54.00 164.19 %
EAST PIPES 122.00 155.50 %
MESC 25.40 146.12 %
ALKHALEEJ TRNG 37.45 137.33 %
ALBABTAIN 35.00 136.72 %
ALRAJHI TAKAFUL 93.10 132.75 %
ALDREES 143.61 125.18 %
MEDGULF 18.30 121.01 %
2P 17.90 102.95 %
AYYAN 29.10 95.56 %
TADAWUL GROUP 247.00 71.05 %
WALAA 22.60 64.72 %
ALYAMAMAH STEEL 35.55 64.13 %
GASCO 86.50 61.68 %
ALBILAD US TECH 15.76 50.67 %
GIG 36.20 34.71 %
OASIS 42.80 32.10 %
SRMG 253.40 30.75 %
EXTRA 98.20 23.06 %
BATIC 2.64 17.54 %
ALBILAD GOLD 11.13 10.86 %

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Calendar

Event Company
Official holidays and vacations US stock market
Value Traded6,390,733,136
Open11,661.30
Prev. Close11,658.53
High11,682.14
Low11,606.09
YTD (3.02 %)
Transactions 548,287
Volume 315,310,755
Market Cap (Million) 3,258,177.67

Market Indicators

Latest update: 02/07/2024
P/E (TTM) *
25.98 X
P/E Before Unusual Items (TTM) *
25.52 X
Price/Book
2.31 X
Dividend Yield
2.82 %
* Except Aramco

Sector Closure

Sector
Value
Change
Change (%)
5,307.36
11.72 0.22 %
5,730.53
(6.06) (0.11 %)
12,747.67
133.24 1.06 %
5,122.32
36.78 0.72 %
7,888.33
36.71 0.47 %
5,348.10
(20.96) (0.39 %)
5,188.31
15.78 0.31 %
28,332.23
264.33 0.94 %
9,154.84
(48.30) (0.52 %)
5,988.81
(101.99) (1.67 %)
12,779.26
(34.27) (0.27 %)
4,673.12
(15.62) (0.33 %)
11,362.88
(100.57) (0.88 %)
7,486.80
(172.07) (2.25 %)
10,869.45
32.26 0.30 %
7,488.28
(90.56) (1.19 %)
12,252.95
(98.61) (0.80 %)
3,215.34
(1.65) (0.05 %)
3,302.90
(17.40) (0.52 %)
69,071.16
(1,089.62) (1.55 %)

Most Active Companies

Name
 
Price
Change (value)Change (%)
Brent Crude Oil
86.24
(0.36) (0.42 %)
Nymex
82.81
(0.57) (0.68 %)
Natural Gas
2.44
(0.04) (1.74 %)
Gold
2,402.70
(5.50) (0.23 %)
Silver
30.53
0.06 0.18 %
High Grade Copper
4.43
0.00 0.07 %
Iron Ore
108.00
1.49 1.38 %
Aluminum
2,498.25
9.75 0.39 %
LEAD
2,199.50
(14.50) (0.65 %)
Zinc
2,918.00
1.00 0.03 %
Steel
750.00
(8.00) (1.07 %)
Wheat (CBOT)
581.00
(9.20) (1.56 %)
Corn (CBOT)
421.25
0.60 0.14 %
Coffee (ICEUS)
227.30
2.45 1.09 %
Whole Milk Powder
4,112.50
(25.00) (0.61 %)
Skim Milk Powder
2,662.50
(50.00) (1.88 %)
Refining margins
9.81
3.80 63.23 %
VLCC "Spot"
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LPG (mt) ($)
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Fujairah Fuel Pric (mt) ($)
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VLCC "TC/1Year" ($)
-
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MR Atlantic ($)
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Dry Bulk Panamax ($)
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