Saudi Arabia’s Tadawul All Share Index (Tadawul) closed the first quarter of 2017 on a negative note, declining 3 percent--or 208 points--to 7,002 compared to the 7,210 level seen at the end of 2016.

 

This drop was mainly due to the weak performances in February and January when the index lost 2 percent and 1 percent, respectively. In March, however, the benchmark gauge edged up nearly 1 percent.

 

The index hit its highest level of 7290 points on January 2 and its lowest at 6710 points on March 14.

 

It also hit its maximum daily limit (114 points) on January 23, and set its lowest daily limit (113 points) on January 11.

 

The total trading turnover declined steeply--by 32 percent in Q1 2017 to SAR 251.4 billion, compared to SAR 368.3 billion in the same period last year.

 

The index’s highest daily trading value was SAR 5.8 billion on January 2, and the lowest was SAR 2.6 billion, reached on March 12.

 

The market sectors ended on mixed note in Q1 2017. Thirteen sectors declined during the period, led by Media, which lost 16 percent. Transportation (15 percent) followed, and Banks (4 percent) and Materials (2 percent).

 

On the other hand, seven sectors ended in the positive territory, topped by REITs which rose by 17 percent, followed by Retailing as well as Food and Staples Retailing (8 percent each).

 

Sector performances in Q1-2017

Sector

2016 end

Q1-2017

Variation

Energy

4,977

4,344

( 13% )

Materials

4,983

4,865

( 2% )

Capital Goods

4,990

4,930

( 1% )

Commercial & Professional Services

5,044

4,391

( 13% )

Transportation

5,099

4,319

( 15% )

Consumer durables & Apparel

4,646

4,843

+4%

Consumer Services

4,832

4,271

( 12% )

Media

5,121

4,290

( 16% )

Retailing

4,910

5,282

+8%

Food & Staples Retailing

5,053

5,443

+8%

Food & Beverages

4,902

5,034

+3%

Healthcare Equipment & Services

5,018

4,888

( 3% )

Pharma Biotech, Life Sciences

5,383

4,776

( 11% )

Banks

5,085

4,868

( 4% )

Diversified financials

4,987

4,713

( 5% )

Insurance

4,912

5,057

+3%

Telecommunication Services

5,002

4,701

( 6% )

Utilities

4,860

4,996

+3%

REITS

5,000

5,833

+17%

Real Estate Management

5,016

4,839

( 4% )

Total Market

7,210

7,002

( 3% )

 

Meanwhile, the market’s worst performers outnumbered gainers by a ratio of 107 to 64.

 

Top performers were led by Arabian Shield which rose by 47 percent, followed by Etihad Atheeb (37 percent).

 

Top gainers Q1-17 (SAR)

Company

2016 end

March 30, 2017

Variation

Arabian Shield

40.43

59.42

+47%

Atheeb

2.95

4.04

+37%

Saudi Re

6.03

8.16

+35%

Allianz SF

32.61

42.36

+30%

eXtra

26.37

34.11

+29%

Al Ahsa

11.65

15.05

+29%

Buruj

24.11

31.04

+29%

Walaa

22.41

27.82

+24%

AXA

17.23

21.37

+24%

JAZADCO

11.09

13.73

+24%

Al Rajhi Takaful

38.57

47.30

+23%

Al Babtain

25.34

30.45

+20%

NADEC

23.96

28.32

+18%

Jarir

115.45

135.04

+17%

Aljazira

14.19

16.53

+16%

Makkah Construction

90.64

105.44

+16%

AICC

11.30

13.11

+16%

L’azurde

21.64

25.10

+16%

SIDC

10.32

11.90

+15%

SAICO

18.92

21.37

+13%

 

Meanwhile, decliners were led by Nama Chemicals and Tihama, both of which slumped by 36 percent, followed by Qassim Cement (25 percent).

 

Top decliners Q1-17 (SAR)

Company

2016 end

March 30, 2017

Variation

Nama Chemicals

6.20

3.95

( 36% )

Tihama

33.96

21.82

( 36% )

Qassim Cement

67.25

50.66

( 25% )

SPCC

82.29

62.70

( 24% )

SGS

66.16

51.31

( 22% )

SRECO

26.63

20.79

( 22% )

SVCP

71.79

56.45

( 21% )

Alawwal

13.94

11.10

( 20% )

Yamama Cement

22.85

18.24

( 20% )

Fisheries

13.95

11.20

( 20% )

Care

65.92

53.40

( 19% )

City Cement

15.28

12.52

( 18% )

Bahri

43.37

35.67

( 18% )

Amiantit

8.26

6.80

( 18% )

Northern Cement

12.83

10.62

( 17% )

Halwani Bros

62.11

51.73

( 17% )

Research & Marketing

33.88

28.32

( 16% )

Al Hokair Group

38.35

32.10

( 16% )

Al Tayyar

36.66

30.77

( 16% )

Saudi Cement

71.22

59.85

( 16% )

 

Market heavyweights ended on a mixed note. Al Rajhi Bank gained 1 percent, while SABIC jumped 6 percent. Meanwhile, National Commercial Bank fell 7 percent and Saudi telecom Co. tumbled 8 percent.

 

A total of 12 stocks ended Q1 below their nominal value, led by Nama Chemicals which closed at SAR 3.95, while Dar Al Arkan had a closing price of SAR 5.99.

 

Top blue chip performers Q1-2017 (SAR)

Company

Opening price

Closing price

Variation

Al Rajhi Bank

63.09

63.84

+1%

SABIC

91.41

96.82

+6%

Jabal Omar

74.74

67.99

( 9% )

NCB

42.62

39.44

( 7% )

SAMBA

24.35

21.46

( 12% )

STC

72.55

66.87

( 8% )

Al Marai

68.49

70.54

+3%

Riyad

11.55

10.54

( 9% )

BSF

26.02

25.89

( 0.5% )

Alinma

15.07

15.02

( 0.3% )

SEC

22.57

23.18

+3%

SAVOLA

40.12

41.23

+3%

Maaden

38.99

40.90

+5%

SAFCO

74.65

68.57

( 8% )

SABB

25.00

22.60

( 10% )

Yansab

54.04

57.24

+6%

ANB

22.09

19.87

( 10% )

Mobily

23.99

22.50

( 6% )

Tasnee

17.46

17.53

+0.4%

Jarir

115.45

135.04

+17%

 

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