Tadawul trading screen
Saudi Arabia’s Tadawul All Share Index (TASI) leapt 32%, or 2,806 points, during the first nine months of 2021, to reach 11,496 points, compared to 8,690 points at the end of 2020, data compiled by Argaam shows.
The index ended the first quarter of 2021 with a rise of 14%, or 1,218 points, 11% in Q2 and 4.7% in Q3 2021.
Thus, the benchmark rose for the sixth straight quarter, hitting its highest since January 2008, and achieving the largest quarterly gains since Q2 2006 when it ended at 12,413 points.
Major events impacting the market's performance in Q3 2021:
- Arabian Internet and Communications Services Co. (solutions by stc) and International Company for Power and Water Projects (ACWA Power) floated their shares in initial public offerings (IPOs), and the latter was listed on the last day of the third quarter. The Capital Market Authority (CMA) gave the go-ahead for Nayifat Finance Co., Al Sharq Integrated Pipes and AlMunajem Foods to float their shares.
- The Ministry of Health made COVID-19 vaccination mandatory to participate in events and resume education at schools.
- The Kingdom set the COVID-19 second vaccine dose as a condition for all the citizens travelling outside the Kingdom.
- OPEC+ members agreed to increase the crude production baseline for a number of countries, including Iraq, Kuwait and the UAE, in addition to Saudi Arabia and Russia, Reuters reported, citing sources.
- The Saudi Central Bank (SAMA) extended the deferred payment program for three additional months from Oct. 1 to Dec. 31, 2021.
- The Ministry of Finance published its pre-budget statement for 2022, with estimated revenues and expenditure of SAR 903 billion and SAR 955 billion, respectively, reflecting a deficit of SAR 52 billion, today, Sept. 30.
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Quarterly Performance Since 2010 |
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Period |
Opening (Points) |
Closing (Points) |
Variation (%) |
|
2010 |
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|
Q1 2010 |
6122 |
6801 |
+11.1% |
|
Q2 2010 |
6801 |
6094 |
(10.4%) |
|
Q3 2010 |
6094 |
6392 |
+4.9% |
|
Q4 2010 |
6392 |
6621 |
+3.6% |
|
2011 |
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Q1 2011 |
6621 |
6563 |
(0.9%) |
|
Q2 2011 |
6563 |
6576 |
+0.2% |
|
Q3 2011 |
6576 |
6112 |
(7.1%) |
|
Q4 2011 |
6112 |
6418 |
+5.0% |
|
2012 |
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Q1 2012 |
6418 |
7835 |
+22.1% |
|
Q2 2012 |
7835 |
6710 |
(14.4%) |
|
Q3 2012 |
6710 |
6840 |
+1.9% |
|
Q4 2012 |
6840 |
6801 |
(0.6%) |
|
2013 |
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Q1 2013 |
6801 |
7126 |
+4.8% |
|
Q2 2013 |
7126 |
7497 |
+5.2% |
|
Q3 2013 |
7497 |
7965 |
+6.2% |
|
Q4 2013 |
7965 |
8536 |
+7.2% |
|
2014 |
|||
|
Q1 2014 |
8536 |
9474 |
+11.0% |
|
Q2 2014 |
9474 |
9513 |
+0.4% |
|
Q3 2014 |
9513 |
10855 |
+14.1% |
|
Q4 2014 |
10855 |
8333 |
(23.2%) |
|
2015 |
|||
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Q1 2015 |
8333 |
8779 |
+5.3% |
|
Q2 2015 |
8779 |
9087 |
+3.5% |
|
Q3 2015 |
9087 |
7404 |
(18.5%) |
|
Q4 2015 |
7404 |
6912 |
(6.7%) |
|
2016 |
|||
|
Q1 2016 |
6912 |
6223 |
(10.0%) |
|
Q2 2016 |
6223 |
6500 |
+4.4% |
|
Q3 2016 |
6500 |
5623 |
(13.5%) |
|
Q4 2016 |
5623 |
7210 |
+28.2% |
|
2017 |
|||
|
Q1 2017 |
7210 |
7002 |
(2.9%) |
|
Q2 2017 |
7002 |
7426 |
+6.1% |
|
Q3 2017 |
7426 |
7283 |
(1.9%) |
|
Q4 2017 |
7283 |
7226 |
(0.8%) |
|
2018 |
|||
|
Q1 2018 |
7226 |
7871 |
+8.9% |
|
Q2 2018 |
7871 |
8314 |
+5.6% |
|
Q3 2018 |
8314 |
8000 |
(3.8%) |
|
Q4 2018 |
8000 |
7827 |
(2.2%) |
|
2019 |
|||
|
Q1 2019 |
7827 |
8819 |
+12.7% |
|
Q2 2019 |
8819 |
8822 |
+0.03% |
|
Q3 2019 |
8822 |
8092 |
(8.3%) |
|
Q4 2019 |
8092 |
8389 |
+3.7% |
|
2020 |
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Q1 2020 |
8389 |
6505 |
(22.5%) |
|
Q2 2020 |
6505 |
7224 |
+11.0% |
|
Q3 2020 |
7224 |
8299 |
+14.9% |
|
Q4 2020 |
8299 |
8690 |
+4.7% |
|
2021 |
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Q1 2021 |
8690 |
9908 |
+14.0% |
|
Q2 2021 |
9908 |
10984 |
+10.9% |
|
Q3 2021 |
10984 |
11496 |
+4.7% |
Monthly performance:
TASI rose in the first three months of 2021, recording the biggest monthly gain of 8.3% in March and more than 5% in February and April each.
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TASI Monthly Performance in 9M 2021 |
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Month |
Closing (points) |
Variation (points) |
Variation (%) |
|
January |
8703 |
+13 |
+0.1% |
|
February |
9145 |
+442 |
+5.1% |
|
March |
9908 |
+763 |
+8.3% |
|
April |
10419 |
+511 |
+5.2% |
|
May |
10551 |
+132 |
+1.3% |
|
June |
10984 |
+433 |
+4.1% |
|
July |
11013 |
+29 |
+0.3% |
|
August |
11319 |
+306 |
+2.8% |
|
September |
11496 |
+177 |
+1.6% |
Sector performance
All market sectors ended 9M 2021 on a positive note, except for Food and Staples Retailing, declining 7%.
Software & Services registered the highest increase of 107%, followed by Media and Entertainment, rising 93%.
Banks and Materials sectors moved up 48% and 41%, respectively. Energy sector also edged up 6%.
Index performance
TASI hit its highest level in the first nine months of 2021 at 11,496 points on Sept. 30. Meanwhile, the index reached its lowest level at 8,464 points on Feb. 4 and the lowest close was on Feb. 3 at 8,543 points.
The benchmark's highest daily trading value was recorded on June 8 at SAR 19.48 billion, while the lowest daily trading value came on Aug. 26 at SAR 4.38 billion.
The biggest trading volume was on March 16 at around 721.48 million shares.
Session performance
The index rose in 113 sessions during this period, but declined in 72 sessions. It recorded the biggest gain of 2.8%, or 272 points, on March 31, followed by 2.6%, or 264 points, on April 28.
Trading value
Trading value increased 63% to reach SAR 1.786 trillion in 9M 2021, compared to SAR 1.095 trillion in the same period a year earlier.
June was the largest in terms of trading value by about SAR 295 billion.
Number of transactions
The number of transactions executed during the same period jumped 50% year-on-year (YoY) to reach 70.9 million.
A total of 674,000 transactions were recorded on June 8, the biggest since 2006, excluding the sessions which witnessed the listing of new companies.
March was the biggest in terms of the number of transactions with around 11.46 million.
Stock performance
Shares of 163 companies closed higher in 9M 2021, while 23 stocks ended in the red.
Top performers
Etihad Atheeb Telecommunication Co. was the best performer, surging 192%, followed by Saudi Advanced Industries Co. (SAIC) and Sahara International Petrochemical Co. (Sipchem), jumping 170% and 153%, respectively.
SABIC Agri-Nutrients Co., Saudi Arabian Mining Co. (Maaden) and Rabigh Refining and Petrochemical Co. (Petro Rabigh) recorded gains of more than 100%.
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Top 10 Performers |
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Company |
9M 2020 (SAR) |
9M 2021 (SAR) |
Variation (%) |
|
Etihad Atheeb |
*11.06 |
32.30 |
+192% |
|
SAIC |
18.90 |
51.10 |
+170% |
|
Sipchem |
17.32 |
43.80 |
+153% |
|
Al Abdullatif |
15.30 |
34.85 |
+128% |
|
MEPCO |
19.32 |
42.35 |
+119% |
|
MIS** |
76.96 |
167.40 |
+118% |
|
SABIC Agri-Nutrients |
80.60 |
173.00 |
+115% |
|
Al-Jouf Agricultural |
36.70 |
76.40 |
+108% |
|
Maaden |
40.50 |
83.80 |
+107% |
|
SRMG |
78.50 |
162.00 |
+106% |
*Opening price of share after lifting of the trading suspension on Feb. 14, 2021
**Amending capital during the period
Top losers
Allied Cooperative Insurance Group (ACIG) was the worst performer during the period, retreating 31%, followed by Amana Cooperative Insurance with a loss of 26%.
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Top 10 Losers |
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|
Company |
9M 2020 (SAR) |
9M 2021 (SAR) |
Variation (%) |
|
ACIG |
62.80 |
43.10 |
(31%) |
|
Amana* |
68.53 |
50.50 |
(26%) |
|
MEDGULF* |
27.10 |
23.74 |
(12%) |
|
Gulf Union |
20.40 |
17.98 |
(12%) |
|
Savola |
42.50 |
37.50 |
(12%) |
|
Southern Cement |
84.30 |
74.70 |
(11%) |
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Umm Al-Qura Cement |
31.35 |
28.30 |
(10%) |
|
BinDawood |
119.00 |
107.60 |
(10%) |
|
Saudi Cable |
29.75 |
27.10 |
(9%) |
|
Al Othaim |
122.80 |
112.60 |
(8%) |
*Amending capital during the period
**Suspending traing as of Sept. 21, 2021
Blue chips showed positive performance, except for Savola Group, which fell by 12%.
Al Rajhi Bank leapt by 67%, followed by Saudi Basic Industries Corp. (SABIC) and Saudi Aramco, which rose by 26% and 3%, respectively.
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Performance of Market’s Top 10 Companies (SAR) |
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Company |
Company |
9M 2020 (SAR) |
9M 2021 (SAR) |
|
Al Rajhi Bank |
73.60 |
122.60 |
+67% |
|
SNB* |
43.35 |
61.40 |
+42% |
|
Saudi Aramco |
35.00 |
36.00 |
+3% |
|
SABIC |
101.40 |
127.40 |
+26% |
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stc |
106.00 |
127.00 |
+20% |
|
Riyad Bank |
20.20 |
27.00 |
+34% |
|
Banque Saudi Fransi |
31.60 |
41.70 |
+32% |
|
SABB |
24.72 |
33.15 |
+34% |
|
Almarai |
54.90 |
58.00 |
+6% |
|
Alinma Bank |
16.18 |
24.00 |
+48% |
Performance of listed companies
During the nine-month period, a total of four companies were listed, all of which rose, led by Alkhorayef Water and Power Technologies Co. that closed 73% higher.
Solutions by stc, which was listed on Sept. 30, leapt 30%.
REITs performance
All real estate investment trusts (REITs) realized an increase duirng the period, topped by AlAhli REIT Fund, which moved 56% higher.
Meanwhile, Jadwa REIT Saudi Fund was the lowest performer with a gain of 1%.
ETF performance
The nine-month period witnessed the listing of Alkhabeer Diversified Income Traded Fund, the first closed-ended investment traded fund. It closed down 10% at the end of the period.
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