TASI falls 1% to 11,982 points, turnover at SAR 5B

08/09/2024 Argaam

Saudi Arabia’s benchmark Tadawul All Share Index (TASI) fell 1% or 117 points, to 11,982 points today, Sept. 8.
 
Total turnover reached about SAR 5 billion.
 
The decline in the Saudi market coincides with the drop in the oil prices, as Brent and Nymex falling 2%.
 
On Sept. 5, OPEC decided to extend its production cuts of 2.2 million barrels per day through November.

Market Index

Saudi Aramco and Al Rajhi Bank declined to SAR 27.30 (-1%) and SAR 87 (-2%), respectively.
 
Saudi National Bank, Sulaiman Al Habib, stc, Almarai, Maaden and Etihad Etisalat declined between 1% and 3%.

Company Prices

Company Price Change Change (%) Events
ALRAJHI 87.00 (1.70) (1.92 %) -
SABIC 73.90 0.10 0.14 % -
SNB 34.60 (0.80) (2.26 %) -
SAUDI ARAMCO 27.30 (0.25) (0.91 %) -
On the other hand, SEICO rose nearly 10% to SAR 3.05, bringing total gains since the start of the month to about 30%.
 
Al-Baha jumped 7% to SAR 0.16 amid trading of about 140 million shares.
 
Alkhabeer REIT edged down 2% to SAR 6 with almost 2 million units traded, the highest since March 2023.
 

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

Number of High/Low companies

Today

62
178

52 Weeks

136
100

Market Movers

Company 52 Weeks Range Price Change Price Earnings
NAYIFAT
14.54
11.98 15.62
14.54 9.98 % 19.28
RED SEA
47.55
19.90 49.60
47.55 9.94 % More than 100
SIECO
3.05
2.10 3.29
3.05 9.71 % NEG
ALBAHA
0.16
0.11 0.16
0.16 6.67 % 89.62
CHUBB
43.00
17.84 44.20
43.00 6.57 % 51.29
DWF
124.00
91.80 160.00
124.00 5.08 % More than 100
SHARQIYAH DEV
21.24
14.90 24.64
21.24 4.12 % More than 100
CENOMI RETAIL
11.42
7.56 22.46
11.42 3.44 % NEG
NAMA CHEMICALS
30.35
23.64 37.05
30.35 2.71 % NEG
MRNA
11.00
9.90 13.00
11.00 2.61 % 44.14

Companies trading above 3-Month Average

Company Average Volume (3M) Volume Percentage Change
ALKHABEER REIT 130,775.85 2,014,993.00 1,440.80 %
SHARQIYAH DEV 493,768.02 4,181,307.00 746.82 %
EMAAR EC 2,592,499.10 16,924,969.00 552.84 %
NAYIFAT 431,145.28 2,812,027.00 552.22 %
ALBAHA 22,427,789.28 137,232,128.00 511.88 %
DWF 55,705.73 308,378.00 453.58 %
NAMA CHEMICALS 159,266.87 769,735.00 383.30 %
CENOMI RETAIL 1,512,805.74 7,116,557.00 370.42 %
RED SEA 543,450.87 2,232,759.00 310.85 %
ASLAK 170,646.52 632,918.00 270.89 %
More

Companies achieved the highest and lowest closings in 52 weeks

Company Price Change 52 Weeks
RED SEA 47.55 104.43 %
JAMJOOM PHARMA 183.00 58.58 %

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Calendar

Company Event
DALLAH HEALTH Cash Dividend Distribution
Value Traded5,010,503,485
Open12,035.76
Prev. Close12,099.49
High12,039.29
Low11,943.60
YTD 0.12 %
Transactions 429,984
Volume 401,058,678
Market Cap (Million) 3,409,151.13

Market Indicators

Latest update: 08/09/2024
P/E (TTM) *
25.98 X
P/E Before Unusual Items (TTM) *
25.95 X
Price/Book
2.43 X
Dividend Yield
2.70 %
* Except Aramco

Sector Closure

Sector
Value
Change
Change (%)
5,174.03
(47.71) (0.91 %)
5,616.73
(25.23) (0.45 %)
13,307.92
(4.67) (0.04 %)
5,034.59
(51.14) (1.01 %)
7,516.03
(51.81) (0.68 %)
5,198.36
(42.25) (0.81 %)
5,167.32
(6.93) (0.13 %)
31,555.84
(242.38) (0.76 %)
9,275.67
(24.95) (0.27 %)
6,053.85
(109.71) (1.78 %)
12,995.60
(197.96) (1.50 %)
5,430.63
(40.20) (0.73 %)
11,799.41
(173.95) (1.45 %)
7,792.75
(37.47) (0.48 %)
11,147.36
(4.24) (0.04 %)
7,926.20
(98.33) (1.23 %)
14,247.34
(45.75) (0.32 %)
3,292.19
(18.93) (0.57 %)
3,717.40
(36.72) (0.98 %)
78,863.85
(247.27) (0.31 %)

Most Active Companies

Commodities

Name
 
Price
Change (value)
Change (%)
Brent Crude Oil
71.06
(1.63)
(2.24 %)
Nymex
67.67
(1.48)
(2.13 %)
Natural Gas
2.28
0.02
0.93 %
Gold
2,524.60
(18.50)
(0.73 %)
Silver
28.18
(0.92)
(3.14 %)
High Grade Copper
4.07
(0.06)
(1.55 %)
Iron Ore
91.61
0.31
0.34 %
Aluminum
2,274.50
(34.50)
(1.50 %)
LEAD
1,968.50
(19.50)
(0.98 %)
Zinc
2,705.00
(25.50)
(0.93 %)
Steel
724.00
2.00
0.27 %
Wheat (CBOT)
567.00
(7.40)
(1.29 %)
Corn (CBOT)
406.25
(4.60)
(1.12 %)
Coffee (ICEUS)
236.00
(8.20)
(3.36 %)
Whole Milk Powder
4,600.00
237.50
5.16 %
Skim Milk Powder
2,737.50
100.00
3.65 %
Refining margins
0.63
(0.19)
(23.17 %)
VLCC "Spot"
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VLCC "TC/1Year" ($)
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MR Atlantic ($)
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Dry Bulk Panamax ($)
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