In February 26, 2006, the Saudi stock market witnessed the beginning of the stock crash, after an unprecedented wave of gains driven by the massive liquidity that had been traded in the market which exceeded SAR 40bn in some sessions.

The market’s general index recorded its highest level ever surpassing 20,000 points, followed by the crash that continued for several years.

The table below compares current market level to its peak in 2006:

 

Stock Market Index Performance after 8 Years of February 2006 Crash

Change

26 February

 2014

25 February

 2006

Company

(56%)

9059

20635

Index

 

 

 

 

 

 

8 years later, only 5 shares are traded at a level exceeding February 25, 2006 levels as shown in the table below:

 

Gainers since 2006 Crash

Change

26 February

 2014

25 February

 2006

Company

172%

177.75

65.20

JarirMarketingCo.

31%

62.00

47.40

Al Marai

17%

140.75

120.60

Tihama

12%

113.25

101.70

SaudiCementCo.

1%

131.50

130.70

Saudi CeramicCo.

 

 

 

 

 

 

 

 

 

 

 

 

SAFCO’s shares closed on Wednesday’s session at SAR 176/share, 4% shy of February 25, 2006 level. 4 other companies are being traded at levels close to pre-crash levels as illustrated in the following table:

 

Lowest Losers since 2006 Crash

Change

26 February

2014

25 February

2006

Company

(4%)

167.00

174.10

SaudiArabiaFertilizersCo. (SAFCO)

(11%)

92.50

103.40

Mobily

(21%)

116.75

148.40

SothernProvinceCementCo.

(25%)

83.75

111.60

SaudiaDairyandFoodstuffCo. (SADAFCO)

(29%)

71.00

100.50

YanbuCementCo.
 

about 60 companies are still being traded at levels below 50% of February 2006 levels. The table below shows that biggest losers since 2006:

 

Losers since 2006 Crash

Change

26February

2014

25February

 2006

Company

(93%)

31.30

425.90

AnaamInternationalHoldingGroupCo.

(90%)

24.30

247.60

AseerTrading,Tourism&Manufacturing Co.

(89%)

20.20

182.95

SaudiAdvancedIndustriesCo.

(88%)

12.05

100.40

SaudiCableCompany

(86%)

13.90

102.60

NamaChemicalsCo.

(86%)

17.65

127.4

QassimAgricultureCo.

(85%)

29.20

198.80

NationalGypsumCompany

(85%)

15.30

101.75

Al-AhsaDevelopmentCo.

(84%)

17.75

113.60

JazanDevelopmentCo.

(84%)

24.00

150.70

ArabianPipesCompany

(84%)

18.95

117.20

SaudiIndustrialDevelopmentCo. (SIDC)

(83%)

32.30

190.60

Wafrah

(83%)

60.00

352.1

SaudiArabiaRefineries Co.(SARCO)

(83%)

26.80

154.00

NationalGas&Industrialization Co.

(82%)

16.95

94.20

SaudiIndustrialServicesCo. (SISCO)

(81%)

17.55

91.40

SaudiArabianAmiantitCo.

(78%)

24.15

108.00

AlujainCorporation

(77%)

48.90

231.50

SaudiIndustrialExportCo.

(77%)

52.00

224.75

Filing&PackingMaterialsManufacturingCo. (FIPCO)

(75%)

30.40

122.90

TheNationalCo.forGlassIndustries(Zojaj)
 

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