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TASI rises amid stronger oil; SABIC at 2-year high
AI Summary
Content Summary: 
Saudi Arabia’s Tadawul All Share Index (TASI) rose 0.6 percent to 7,483 points on Monday, driven by gains in the petrochemical segment amid stronger oil prices.
The advance-decline ratio stood at 99-73, with total turnover of around SAR 3.8 billion.
Market Index
Saudi Basic Industries Corp. (SABIC) rose 2.6 percent to SAR 106.8 —the highest close in more than two and a half year. Nearly 4 million shares were traded.
Petro Rabigh jumped more than 9 percent, touching fresh highs. The stock has climbed 50 percent since the beginning of last month.
Kingdom Holding, Al Tayyar Travel Group, Saudi Electricity, Alinma Bank, Savola Group and Maaden ended the day with gains of between 1 percent and 4 percent.
Saudi Research and Marketing Group went limit up to SAR 65.8.
Company Prices
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| SAUDI ELECTRICITY | 20.96 | 0.36 | 1.75 % | - |
| ALBILAD | 8.84 | (0.21) | (2.32 %) | - |
| SABIC | 107.18 | 3.12 | 3.00 % | - |
| SAVOLA GROUP | 25.30 | 0.59 | 2.39 % | - |
| SRMG | 65.80 | 5.98 | 10.00 % | - |
| PETRO RABIGH | 14.53 | 1.16 | 8.65 % | - |
| ALINMA | 12.20 | 0.17 | 1.45 % | - |
| MAADEN | 18.46 | 0.56 | 3.11 % | - |
| KINGDOM | 9.51 | 0.23 | 2.48 % | - |
| SEERA | 19.88 | 0.24 | 1.22 % | - |
| CENOMI RETAIL | 52.74 | (0.64) | (1.20 %) | - |
| DAR ALARKAN | 11.02 | (0.34) | (2.99 %) | - |
Dar Al-Arkan Real Estate Development Co. was the top decliner of the day, falling 3.4 percent to SAR 10.98.
Bank Albilad lost 2.4 percent to reach SAR 22.06, while Fawaz Abdulaziz Alhokair Co. fell nearly 2 percent to SAR 28.6.
To contact the writer, email Nadeshda Zareen at nadeshda.zareen@argaamplus.com
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings |
|---|---|---|---|---|
| SRMG | 65.80 | 10.00 % | More than 100 | |
| PETRO RABIGH | 14.53 | 8.65 % | 17.06 | |
| SPPC | 21.37 | 6.90 % | NEG | |
| RAYDAN | 26.07 | 4.68 % | 14.64 | |
| CARE | 44.39 | 4.30 % | 23.34 | |
| MAADEN | 18.46 | 3.11 % | NEG | |
| NASEEJ | 47.90 | 3.10 % | NEG | |
| SABIC | 107.18 | 3.00 % | 17.44 | |
| SAUDI RE | 8.07 | 2.90 % | 36.81 | |
| KINGDOM | 9.51 | 2.48 % | 53.11 |
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| SPPC | 903,866.00 | 4,793,466.00 | 430.33 % |
| SARCO | 256,225.00 | 1,174,159.00 | 358.25 % |
| PETRO RABIGH | 3,842,989.00 | 16,151,631.00 | 320.29 % |
| MOUWASAT | 126,224.00 | 521,820.00 | 313.41 % |
| KINGDOM | 471,983.00 | 1,932,054.00 | 309.35 % |
| CHEMICAL | 1,547,751.00 | 5,967,850.00 | 285.58 % |
| HERFY FOODS | 157,691.00 | 578,988.00 | 267.17 % |
| ALMARAI | 439,209.00 | 1,600,965.00 | 264.51 % |
| GIG | 266,022.00 | 898,558.00 | 237.78 % |
| ALBABTAIN | 248,731.00 | 824,225.00 | 231.37 % |
| More | |||
Comments Analysis: