TASI rises 0.3% to 12,762 points, turnover at SAR 9B

17/03/2024 Argaam

Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 0.3% higher, or 34 points, at 12,762 points today, March 17.

 

Total turnover reached nearly SAR 9 billion.

 

The benchmark index reached a new high not seen since June 2022, surging nearly 800 points or 6.6% since the start of the year.

Market Index

ACWA Power surged 9% to SAR 353, recording its highest close since market debut.

 

SAIC jumped 10% to close at SAR 37.40, with about 6 million shares traded. The company announced Q4 2023 results and cash dividend for 2023.

 

FIPCO climbed 3% to SAR 59.40.

 

Wafrah, Sumou, Equipment House, Saudi Steel Pipes, UCA, Aslak and Knowledge City increased between 8% and 10%.

Company Prices

Company Price Change Change (%) Events
ALRAJHI 85.10 (1.10) (1.28 %) -
FIPCO 59.40 1.60 2.77 % -
SABIC 77.40 0.00 0.00 % -
SAIC 37.40 3.40 10.00 % -
BATIC 2.58 (0.06) (2.27 %) -
SALAMA 32.40 (0.85) (2.56 %) -
ARABIAN SHIELD 23.02 (1.00) (4.16 %) -
ALLIANZ SF 21.56 0.10 0.47 % -
SNB 38.65 (0.20) (0.51 %) -
SAUDI ARAMCO 31.15 (0.10) (0.32 %) -
AL MAATHER REIT 9.22 0.17 1.88 % -

On the other hand, Al Rajhi Bank declined more than 1% to SAR 85.10.

 

BATIC, Salama Insurance and Arabian Shield fell between 2 and 4% after announcing Q4 2023 results.

 

Al Maather REIT rose 2% to SAR 9.22 following dividend payout to unitholders for H2 2023.

 

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

Number of High/Low companies

Today

1
0

52 Weeks

186
47

Market Movers

Company 52 Weeks Range Price Change Price Earnings
SAIC
37.40
22.02 39.80
37.40 10.00 % 15.08
SSP
89.10
19.50 89.10
89.10 10.00 % 26.26
EQUIPMENT HOUSE
61.70
38.95 61.70
61.70 9.98 % More than 100
WAFRAH
54.00
30.60 54.00
54.00 9.98 % 62.41
SUMOU
44.88
27.51 44.88
44.88 9.93 % 20.09
UCA
11.10
7.45 11.16
11.10 9.68 % 19.94
ALBABTAIN
37.65
14.27 45.60
37.65 8.66 % 20.04
ACWA POWER
352.29
133.13 417.20
352.29 8.62 % More than 100
KEC
17.60
11.70 17.70
17.60 8.11 % NEG
ASLAK
35.15
23.12 35.25
35.15 7.99 % 41.92

Companies trading above 3-Month Average

Company Average Volume (3M) Volume Percentage Change
SVCP 447,880.00 2,376,064.00 430.51 %
SIECO 462,102.00 2,445,680.00 429.25 %
UCA 669,465.00 3,491,242.00 421.50 %
SARCO 278,338.00 1,445,659.00 419.39 %
GULF GENERAL 399,259.00 1,985,796.00 397.37 %
EQUIPMENT HOUSE 525,527.00 2,550,575.00 385.34 %
SUMOU 476,986.00 2,271,049.00 376.12 %
ASLAK 343,537.00 1,541,911.00 348.83 %
KEC 642,510.00 2,843,113.00 342.50 %
SAIC 1,492,561.00 6,156,074.00 312.45 %
More

Companies achieved the highest and lowest closings in 52 weeks

Company Price Change 52 Weeks
SSP 89.10 356.92 %
MESC 27.40 183.06 %
ALBABTAIN 37.65 163.93 %
ACWA POWER 352.29 163.83 %
GULF UNION ALAHLIA 21.76 157.51 %
Leejam Sports 235.60 151.44 %
SHAKER 31.94 116.18 %
NASEEJ 77.80 84.80 %
ACIG 19.50 83.96 %
SAICO 21.02 81.52 %
WAFRAH 54.00 74.76 %
BINDAWOOD 9.44 72.89 %
ALANDALUS 27.70 72.48 %
SAIC 37.40 69.23 %
BUDGET SAUDI 94.20 67.62 %
BUPA ARABIA 246.00 64.00 %
FIPCO 59.40 61.85 %
AICC 17.36 61.64 %
JABAL OMAR 29.50 54.29 %
ALLIANZ SF 21.56 52.91 %
LAZURDE 18.50 51.64 %
OASIS 46.80 51.46 %
SINAD HOLDING 14.96 50.65 %
SVCP 55.40 48.13 %
FARM SUPERSTORES 31.50 46.24 %
UCA 11.10 46.05 %
EQUIPMENT HOUSE 61.70 42.55 %
ALETIHAD 21.53 42.38 %
SISCO HOLDING 37.75 37.77 %
TAIBA 36.60 35.81 %
BAAZEEM 7.79 34.54 %
KEC 17.60 33.13 %
SUMOU 44.88 32.89 %
MAADEN 53.80 32.68 %
SARCO 97.90 31.59 %
ALSAIF GALLERY 10.78 26.82 %
ASLAK 35.15 25.72 %
SAPTCO 22.16 24.49 %
GULF GENERAL 15.39 21.93 %
YAQEEN 30 52.95 21.72 %
TADCO 20.24 21.20 %
ALJOUF 56.80 18.83 %

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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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