The recent decline of Saudi Arabia’s stock exchange index has dragged Tasnee, Eastern Cement, Fisheries, and Solidarity Insurance to their lowest trading price in four years, as shown in data compiled by Argaam.
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Companies at 4-year low |
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|
Decline (percentage) |
Notes |
June 29 closing |
Lowest price-today’s session |
Company |
|
(35%) |
Lowest share price since Oct 2010 |
19.09 |
18.50 |
Tasnee |
|
(26%) |
Lowest share price since Aug 2011 |
45.80 |
45.60 |
Eastern Province Cement |
|
(38%) |
Lowest share price since Aug 2011 |
21.75 |
21.35 |
Saudi Fisheries Co. |
|
(41%) |
Lowest share price since Aug 2011 |
13.43 |
13.30 |
Solidarity Takaful |
Furthermore, three companies including Mesc, Solidarity Insurance and MedGulf have seen their share prices fall by more than 40 percent compared to their highest price in 2015, with Mesc down by almost 50 percent from its peak.
|
Companies with declining shares — 2015 |
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|
Decline (percentage) |
Notes |
June 29 closing |
Lowest price-today’s session |
Company |
|
(50%) |
Lowest share price since Dec 2012 |
13.48 |
13.25 |
Mesc |
|
(46%) |
Lowest share price since Dec 2014 |
38.75 |
37.70 |
Medgulf |
|
(41%) |
Lowest share price since Aug 2011 |
13.43 |
13.30 |
Solidarity Takaful |
Another 28 stocks, mainly in the insurance sector, have reached three-month lows.
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Companies at 3-month low |
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|
Decline (percentage) |
Notes |
June 29 closing |
Lowest price-today’s session |
Company |
|
Banking Sector |
||||
|
(14%) |
Lowest share price since Jan 2015 |
23.00 |
22.90 |
Saudi Investment Bank |
|
Petrochemical Sector |
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|
(35%) |
Lowest share price since Oct 2010 |
19.09 |
18.50 |
Tasnee |
|
(22%) |
Lowest share price since Dec 2014 |
14.26 |
14.00 |
Sahara Petrochemical Co. |
|
Cement Sector |
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|
(21%) |
Lowest share price since Dec 2014 |
21.33 |
21.1 |
Hail Cement |
|
(12%) |
Lowest share price since March 2015 |
63.84 |
63.75 |
Yanbu Cement |
|
(26%) |
Lowest share price since Aug 2011 |
45.80 |
45.60 |
Eastern province Cement |
|
Agriculture |
||||
|
(15%) |
Lowest share price since Jan 2015 |
32.43 |
30.70 |
Nadec |
|
(38%) |
Lowest share price since Aug 2011 |
21.75 |
21.35 |
Saudi Fisheries Co. |
|
Insurance Sector |
||||
|
(27%) |
Lowest share price since April 2014 |
49.99 |
49.70 |
Aljazira Takaful |
|
(46%) |
Lowest share price since Dec 2014 |
38.75 |
37.70 |
Medgulf |
|
(30%) |
Lowest share price since March 2015 |
15.05 |
14.85 |
Wala Insurance |
|
(25%) |
Lowest share price since Jan 2015 |
24.02 |
22.50 |
SAICO |
|
(22%) |
Lowest share price since Jan 2015 |
16.90 |
16.45 |
Gulf Union |
|
(39%) |
Lowest share price since March 2015 |
26.19 |
25.90 |
ACIG |
|
(19%) |
Lowest share price since March 2015 |
28.81 |
28.50 |
Al- Sagr insurance |
|
(22%) |
Lowest share price since March 2015 |
9.92 |
9.90 |
Saudi Reinsurance Co. |
|
(26%) |
Lowest share price since March 2015 |
63.95 |
62.00 |
ACE Arabia Cooperative Insurance |
|
(19%) |
Lowest share price since Jan 2015 |
27.87 |
26.90 |
Gulf General |
|
(32%) |
Lowest share price since Feb 2015 |
26.58 |
25.80 |
Buruj Insurance |
|
(41%) |
Lowest share price since Aug 2011 |
13.43 |
13.30 |
Solidarity Takaful |
|
(25%) |
Lowest share price since Jan 2015 |
47.25 |
46.7 |
Alinma Tokio Marine |
|
Building & Construction |
||||
|
(21%) |
Lowest share price since March 2015 |
47.55 |
47.20 |
Bawan Co. |
|
(21%) |
Lowest share price since March 2015 |
54.40 |
53.75 |
Electrical Industries Co. |
|
(21%) |
Lowest share price since Jan 2015 |
27.70 |
27.20 |
Al-khodari Sons |
|
(22%) |
Lowest share price since Jan 2015 |
24.19 |
23.70 |
National Gypsum Co. |
|
(25%) |
Lowest share price since Jan 2015 |
8.86 |
8.70 |
Saudi Cable Co. |
|
(51%) |
Lowest share price since Dec 2012 |
13.48 |
13.25 |
Mesc |
|
Transportation |
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|
(18%) |
Lowest share price since March 2015 |
26.97 |
26.30 |
SAPETCO |
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