Saudi Arabia's Tadawul All Share Index (TASI) closed H1 2021 in the positive territory, rising 26%, or 2,294 points, to 10,984 points, compared to 8,690 points at the end of 2020.
In H1 2021, TASI crossed the 11,000-mark in the last session, for the first time since 2014.
The benchmark rose by 14%, or 1,218 points, in Q1 2021, and by 11%, or 1,076 points, in Q2.
Accordingly, the Saudi gauge extended its uptrend for the fifth straight quarter to record the highest quarterly close since Q4 2007, when it closed at 11,039 points.
Key highlights in Q2 2021:
Crown Prince Mohammed bin Salman issued statements on the Kingdom’s economic progress, in line with Vision 2030.
Oil prices hit two-and-a-half-year high, with Brent crude rising above $76/bbl.
Saudi Arabia lifted ban on citizens travelling abroad on May 17.
Delisting of Samba Financial Group after its merger with National Commercial Bank, to form Saudi National Bank (SNB).
The Capital Market Authority (CMA) approved listing of four companies on the main market, namely solutions by stc, ACWA Power, Tanmiah Food Co., and Arabian Contracting Services Co.
Saudi Arabia extended the deferred payment program for additional three months ending Sept. 30.
Saudi Arabia announced Q1 2021 budget with SAR 205 billion in revenue and SAR 212 billion in expenditure.
|
TASI Performance since Q1 2020 |
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|
Period |
Opening (points) |
Closing (points) |
Variation % |
|
Q1 2020 |
8,389 |
6,505 |
(22.5%) |
|
Q2 2020 |
6,505 |
7,224 |
+ 11.0 % |
|
Q3 2020 |
7,224 |
8,299 |
+ 14.9 % |
|
Q4 2020 |
8,299 |
8,690 |
+ 4.7 % |
|
Q1 2021 |
8,690 |
9,908 |
+ 14.0 % |
|
Q2 2021 |
9,908 |
10,984 |
+ 10.9% |
The Saudi benchmark reported strong performance during H1 2021, with an increase of 8.3% in March, and February and April with more than 5% gains each.
All market sectors ended H1 2021 in the green, led by media and entertainment with 111%, and investment and finance at 75%.
Banks and materials increased by 36% and 27%, respectively, while energy inched up 3%.
The Saudi gauge's turnover hit SAR 1.339 trillion in H1 2021, versus SAR 825.2 billion in the year earlier period.
As for listed companies, Etihad Atheeb Telecom Co. (GO) was the top gainer in H1 2021, surging 233%.
|
Top Gainers (SAR) |
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|
Company |
End of 2020 |
H1 2021 |
Variation % |
|
Etihad Atheeb |
*11.06 |
36.85 |
+233 % |
|
SAIC |
18.90 |
56.40 |
+198 % |
|
AlAbdullatif |
15.30 |
37.35 |
+144 % |
|
Al-Jouf Agriculture |
36.70 |
84.30 |
+130 % |
|
SRMG |
78.50 |
177.00 |
+125 % |
|
Shaker |
16.12 |
32.80 |
+103 % |
|
Fitaihi Group |
17.78 |
35.75 |
+101 % |
|
Knowledge City |
11.88 |
22.94 |
+93 % |
|
Astra |
25.70 |
49.35 |
+92 % |
|
Zamil Industrial |
20.76 |
39.00 |
+88 % |
|
Al Yamamah Steel |
29.65 |
54.70 |
+84 % |
|
National Gypsum |
27.95 |
51.40 |
+84 % |
|
MEPCO |
19.32 |
35.05 |
+81 % |
|
SIDC |
14.20 |
25.40 |
+79 % |
|
Takween |
14.00 |
24.96 |
+78 % |
|
Sipchem |
17.32 |
30.65 |
+77 % |
|
Al Akaria |
15.12 |
26.70 |
+77 % |
|
TADCO** |
23.25 |
39.95 |
+72 % |
|
Petro Rabigh |
13.82 |
23.50 |
+70 % |
|
MESC |
15.42 |
26.20 |
+70 % |
* Stock opening price after lifting trading halt on Feb. 14, 2021.
** Capital amendment during the period.
Meanwhile, Allied Cooperative Insurance Group (ACIG) was the worst performer, plummeting 27% in H1 2021.
|
Top Losers (SAR) |
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|
Company |
End of 2020 |
H1 2021 |
Variation % |
|
ACIG |
62.80 |
46.15 |
(27%) |
|
Amana Insurance* |
68.53 |
61.70 |
(10%) |
|
BinDawood |
119.00 |
110.80 |
(7%) |
|
Bahri |
40.55 |
39.10 |
(4%) |
|
MEDGULF* |
27.10 |
26.95 |
(1%) |
|
Al-Etihad |
24.58 |
24.52 |
(0.2%) |
* Capital amendment during the period.
All market heavyweights reported robust performance in H1 2021, with Al Rajhi Bank rising 51% while Saudi Arabian Mining Co. (Maaden) soared by 56%
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