Tadawul trading screen

Saudi Arabia's Tadawul All Share Index (TASI) closed 1.1%, or 123 points (pts) higher, at 11,405 pts at the end of the first nine months of 2022, compared to a close of 11,282 pts at the end of 2021.
 

The benchmark index rose 16%, or 1,808 pts, in Q1 2022, but fell 12% in Q2 losing 1,567 pts. The gauge extended its downtrend in Q3, dipping nearly 1%, or 118 pts, to trim most of its gains year to date (YTD). 
 

Uncertainty about the global economic recession, clubbed with increasing interest rates and lower oil prices, were the key factors weighing on TASI in Q3.

 

Interest rates were hiked twice in Q3 2022, during the months of July and August, as the reverse repo and repo rates stood at 325 and 375 basis points, respectively. 

 

Oil prices dropped to below the $100/ per barrel mark to hit the lowest level at $84.06 per barrel. OPEC will likely hold a meeting next week to decide over output levels.

 

In Q3, Saudi Arabia's Tadawul launched single stock futures contracts (SSFs), which will be cleared and settled by Securities Clearing Centre Company (Muqassa) in line with international best practices.

 

In July, King Salman issued directives to allocate SAR 20 billion to overcome the rising global prices.

 

Another royal decree was further issued to name Crown Prince Mohammed bin Salman as the Prime Minister.

 

TASI Quarterly Performance since 2010

Period

Open (points)

Close (points)

Change

2010

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

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

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

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

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

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

Q1 2021

8690

9908

+ 14.0 %

Q2 2021

9908

10984

+ 10.9 %

Q3 2021

10984

11496

+ 4.7 %

Q4 2021

11496

11282

(1.9%)

2022

Q1 2022

11282

13090

+ 16.0 %

Q2 2022

13090

11523

(12.0%)

Q3 2022

11523

11405

(1.0%)

 

The index monthly performance

 

TASI reported highs in six months, led by January (990 pts or 8.8%) and July (5.9%).

 

However, the benchmark posted declines in three months, led by June (10.8%, or 1399 pts), September (7.1%) and May (5.9%).

 

TASI Monthly Performance in 9M 2022

Month

Closing (points)

Change (points)

Change (%)

January

12,272

+ 990

+ 8.8 %

February

12,590

+ 318

+ 2.6 %

March

13,090

+ 500

+ 4.0 %

April

13,734

+ 644

+ 4.9 %

May

12,922

(812)

(5.9%)

June

11,523

(1,399)

(10.8%)

July

12,199

+ 676

+ 5.9 %

August

12,283

+ 84

+ 0.7 %

September

11,405

(878)

(7.1%)

 

In terms of sectors, 14 reported negative performance during the first nine months of 2022, while seven sectors posted positive performance, compared to last year.

 

Pharmaceuticals led the declining sectors, losing 34%. It was followed by consumer durables and apparel (27%) and materials (8%).

 

Conversely, utilities led the top performing sectors, rising by 32%, then healthcare (24%) and software and services (22%).

 

Banks and energy rose by 3% and 9% respectively.

 

Sector Performance in 9M 2022

Sector

2021

9M 2022

Change (points)

Change

(%)

Energy

5515

6032

+517

+9%

Materials

7344

6751

(593)

(8%)

Capital Goods

7545

6147

(1,398)

(19%)

Commercial & Professional Services

4444

3550

(894)

(20%)

Transportation

5234

4691

(543)

(10%)

Consumer Durables & Apparel

6349

4626

(1,723)

(27%)

Consumer Services

4640

4000

(640)

(14%)

Media & Entertainment

23254

22668

(586)

(3%)

Retailing

9847

8069

(1,778)

(18%)

Food & Staples Retailing

9122

9942

820+

+9%

Food & Beverages

4836

4729

(107)

(2%)

Healthcare Equipment & Services

7315

9050

1735+

+24%

Pharma, Biotech & Life Science

5191

3450

(1,741)

(34%)

Banks

12221

12636

+415

+3%

Diversified Financials

6829

7342

+513

+8%

Insurance

5990

5475

(515)

(9%)

Software & Services

28654

35101

+6,447

+22%

Telecommunication Services

7278

6801

(477)

(7%)

Utilities

5933

7814

+1,881

+ 32%

REITs

4612

4240

(372)

(8%)

Real Estate Management & Development

3171

2964

(207)

(7%)

TASI

11282

11405

+123

+1%

 

TASI ended on a positive note in 102 out of 184 trading sessions during the first nine months of 2022. It posted the biggest rally of 314 points, or 2.4% on May 15.

 

On the other hand, it closed in the red in 81 sessions, with the biggest loss of 544 points, or 4.1% recorded on May 12.
 

The Saudi gauge's traded value dropped 22% to SAR 1.400 trillion in the first nine months of 2022, from SAR 1.786 trillion in the year-earlier period.

The number of executed transactions decreased 4% to 67.85 million in the nine-month period.

 

For stock performance, 141 stocks headed south in the nine-month period, while 48 headed north compared to their closing prices last year.

 

Dallah Healthcare was the top gainer, surging 110%. ACWA Power came second rising 100%, followed by Saudi Arabian Mining Co. (Maaden) (77%).

 

Meanwhile, United Cooperative Assurance Co. (UCA) was the biggest loser, slumping 72%. It was followed by Arabia Insurance Cooperative Co.  (66%), Arab Sea Information System Co. and Salama Cooperative Insurance Co. (59% each).

 

Top Performers in 9M 2022*

Company

2021

(SAR)

9M 2022

(SAR)

Variation

(%)

Dallah

75.10

158.00

 +110%

ACWA Power

84.00

168.00

 +100%

Maaden

39.25

69.60

 +77%

Tadawul Group

125.80

201.40

 +60%

Dar Al Arkan

10.06

15.90

 +58%

Alinma Bank

23.96

36.25

 +51%

Al Hammadi

30.23

44.85

 +48%

Bank Albilad

34.80

47.50

 +36%

Nama

32.25

43.90

 +36%

ANB

22.86

30.75

 +35%

Astra

39.80

51.40

 +29%

Dr. Sulaiman Al Habib Group

161.40

208.00

 +29%

Tanmiah

82.10

105.60

 +29%

Bupa Arabia

131.40

168.40

 +28%

solutions

188.20

238.00

 +26%

Alkhorayef Water

102.40

129.00

 +26%

MEPCO

43.60

54.10

 +24%

Al Rajhi Takaful

77.70

94.00

 +21%

Theeb Rent a Car

60.90

72.50

 +19%

Almunajem Foods

58.10

69.00

 +19%

*Taking into account stock price change due to capital amendments.

 

Top Loss Makers in 9M 2022*

Company

2021

(SAR)

9M 2022

(SAR)

Change

(%)

UCA

33.95

9.34

(72%)

AICC

39.55

13.30

(66%)

Arab Sea

196.00

79.60

(59%)

Salama

42.50

17.54

(59%)

Sadr

102.40

43.50

(58%)

Chubb Arabia

36.55

17.04

(53%)

SABB Takaful

27.30

12.88

(53%)

Amana Insurance

20.83

10.58

(49%)

Arabian Pipes

65.81

33.85

(49%)

Atheeb Telecom

74.62

39.00

(48%)

Allianz SF

25.85

13.62

(47%)

National Gypsum

45.00

25.70

(43%)

ACIG

23.60

13.50

(43%)

Wataniya

27.00

15.46

(43%)

TADCO

29.90

17.18

(43%)

Raydan Food

20.20

11.64

(42%)

AlBaha

25.29

14.76

(42%)

Saudi Enaya

31.10

18.32

(41%)

AlAbdullatif

29.55

17.44

(41%)

Amiantit

57.84

34.30

(41%)

*Taking into account stock price change due to capital amendments.

 

Performance of Market Heavyweights in 9M 2022

Company

2021

(SAR)

9M 2022

(SAR)

Change

(%)

Saudi Aramco

32.56

35.85

+10%

Al Rajhi Bank

88.65

81.30

(8%)

SNB

64.40

63.10

(2%)

SABIC

116.00

88.80

(23%)

stc

44.96

39.35

(12%)

Riyad Bank

27.10

31.75

+17%

Alinma Bank

23.96

36.25

+51%

SABB

33.00

39.15

+19%

ACWA Power

84.00

168.00

+100%

Banque Saudi Fransi

47.25

42.00

(11%)

Maaden

39.25

69.60

+77%

Bank Albilad

34.80

47.50

+36%

Sipchem

42.00

41.85

(0.4%)

Almarai

48.75

53.20

+9%

SABIC Agri-Nutrients

176.60

158.00

(11%)

ANB

22.86

30.75

+35%

Saudi Electricity

23.98

24.54

+2%

Mobily

31.15

35.60

+14%

Jabal Omar

25.40

20.28

(20%)

Savola

31.95

28.35

(11%)

*Taking into account stocks price changes due to capital amendments.

 

Performance of Companies Listed in 9M 2022

Company

Listing price (SAR)

Possible Trading Price (SAR)*

9M 2022 (SAR)

Change**

Elm

128.00

191.50

316.80

 +65 %

Nahdi

131.00

151.20

189.80

 +26 %

Retal

120.00

125.30

141.40

 +13 %

Alamar

115.00

120.80

135.00

 +12 %

Aldawaa

73.00

81.90

79.70

(3%)

AMAK

63.00

87.65

79.80

(9%)

Naqi

69.00

82.80

74.10

(11%)

Equipment House

52.00

78.75

65.40

(17%)

East Pipes

80.00

87.30

68.60

(21%)

SHL

20.00

27.90

20.68

(26%)

*(Highest price+ lowest price) in first session where unlimited trading was possible.

**Change compared to possible trading price

 

Performance of REITs in 9M 2022

REIT

2021

(SAR)

9M 2022

(SAR)

Change

Alinma Retail REIT

7.15

5.32

(26%)

AlJazira REIT

22.78

17.28

(24%)

MEFIC REIT

7.22

5.48

(24%)

SICO Saudi REIT

8.57

6.54

(24%)

Derayah REIT

12.70

11.00

(13%)

Jadwa REIT Saudi

14.98

13.26

(11%)

Alkhabeer REIT

8.67

7.69

(11%)

SEDCO Capital REIT

12.00

10.70

(11%)

Mulkia REIT

9.85

8.83

(10%)

Jadwa REIT Al Haramain

8.00

7.21

(10%)

Al Rajhi REIT

10.92

10.10

(8%)

Musharaka REIT

9.92

9.25

(7%)

Alahli REIT (1)

11.40

11.40

--

Taleem REIT

12.30

12.32

+0.2%

Bonyan REIT

9.76

9.91

+2%

Al Maather REIT

8.96

9.40

+5%

Riyad REIT

9.85

11.18

+14%
 

Performance of ETFs in 9M 2022

ETF

2021

(SAR)

9M 2022

(SAR)

Change

Alkhabeer Income

8.67

7.18

(17%)

ETF

Possible Trading Price*

(SAR)

9M 2022

(SAR)

Change **

ADITF

9.88

6.17

(38%)

*(Highest price+ lowest price) in first session where unlimited trading was possible.

**Change compared to possible trading price

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Market Indices

TASI
10,558.58
(143.21) (1.34 %)

Quotes

STC
36.35
(0.75) (2.02%)
Etihad Etisalat
34.75
0.05 0.14%
SAUDI ELECTRICITY
23.12
(0.04) (0.17%)
TADCO
16.92
(0.04) (0.24%)
ALRAJHI
79.00
(1.50) (1.86%)
ALBILAD
43.00
(0.70) (1.60%)
ANB
26.90
(0.10) (0.37%)
RIBL
29.20
(1.05) (3.47%)
SABB
35.25
(0.40) (1.12%)
BSFR
38.50
(1.35) (3.39%)
Almarai
54.20
(0.30) (0.55%)
Amiantit
40.80
(2.00) (4.67%)
NGC
23.00
(0.88) (3.69%)
Nama Chemicals
32.55
(0.35) (1.06%)
APC
39.80
(1.80) (4.33%)
SABIC
90.30
(1.10) (1.20%)
SABIC AGRI-NUTRIENTS
133.80
(3.00) (2.19%)
Savola Group
29.30
(0.30) (1.01%)
ALBAHA
13.14
0.16 1.23%
Sipchem
35.10
(0.90) (2.50%)
Salama
16.80
0.50 3.07%
Alinma
30.40
(1.15) (3.65%)
UCA
8.55
0.16 1.91%
MAADEN
71.80
(1.70) (2.31%)
ALRAJHI TAKAFUL
101.40
(2.20) (2.12%)
ACIG
12.64
0.04 0.32%
BUPA ARABIA
163.60
0.60 0.37%
ALABDULLATIF
17.14
0.18 1.06%
DAR ALARKAN
13.16
0.20 1.54%
Jabal Omar
19.24
0.04 0.21%
Allianz SF
15.06
(0.08) (0.53%)
SABB Takaful
11.50
(0.34) (2.87%)
ASTRA INDUSTRIAL
51.80
(1.50) (2.81%)
Dallah Health
141.60
2.60 1.87%
AICC
11.20
(0.10) (0.89%)
Atheeb Telecom
69.90
(0.10) (0.14%)
CHUBB
18.62
0.38 2.08%
Wataniya
15.90
(0.24) (1.49%)
Amana Insurance
10.88
0.34 3.23%
SHL
20.02
0.00 0.00%
SOLUTIONS
242.80
(9.20) (3.65%)
SNB
49.35
0.55 1.13%
ALHAMMADI
46.15
(1.10) (2.33%)
Saudi Aramco
32.10
(0.50) (1.53%)
ALDAWAA
76.00
(1.50) (1.94%)
TADAWUL GROUP
160.60
(0.40) (0.25%)
ACWA Power
146.80
(1.20) (0.81%)
MEPCO
30.70
(0.50) (1.60%)
SULAIMAN ALHABIB
227.00
(5.20) (2.24%)
RAYDAN
23.72
(0.86) (3.50%)
RIYAD REIT
9.22
(0.12) (1.28%)
Arab Sea
71.10
(1.80) (2.47%)
ALJAZIRA REIT
17.48
0.24 1.39%
Sadr
34.15
(1.35) (3.80%)
JADWA REIT ALHARAMAIN
6.88
(0.01) (0.15%)
TALEEM REIT
11.42
(0.22) (1.89%)
AL Maather REIT
8.52
(0.12) (1.39%)
MUSHARAKA REIT
7.95
(0.17) (2.09%)
MULKIA REIT
7.65
(0.02) (0.26%)
SICO SAUDI REIT
5.78
(0.01) (0.17%)
AlAhli REIT 1
9.98
(0.12) (1.19%)
SEDCO CAPITAL REIT
10.30
0.04 0.39%
DERAYAH REIT
9.92
0.03 0.30%
Al Rajhi REIT
9.91
(0.05) (0.50%)
ALINMA RETAIL REIT
5.03
(0.10) (1.95%)
Jadwa REIT Saudi
12.02
(0.08) (0.66%)
MEFIC REIT
4.98
(0.04) (0.80%)
Bonyan REIT
9.13
0.00 0.00%
ALKHABEER REIT
7.35
(0.16) (2.13%)
Theeb
69.50
0.10 0.14%
Almunajem Foods
59.00
(2.00) (3.28%)
Retal
123.80
1.20 0.98%
ELM
353.40
(11.00) (3.02%)
NAHDI
185.00
(3.80) (2.01%)
AWPT
140.20
(2.80) (1.96%)
TANMIAH
124.40
0.40 0.32%
EAST PIPES
48.60
(0.40) (0.82%)
Alamar
145.40
2.40 1.68%
EQUIPMENT HOUSE
64.60
(1.30) (1.97%)
AMAK
73.70
(1.50) (1.99%)
NAQI
64.90
(1.90) (2.84%)