TASI hits 5-month low, closes below 12,000 points
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 0.4%, or 42 points, higher at 11,979 points today, June 15.
Total turnover reached SAR 6.4 billion.
However, the index was up more than 100 points in early trading.
The markets are awaiting the US Federal Reserve’s decision regarding interest rates today, amid expectations of raising it by 75 basis points to control inflation.
Market Index
Saudi Aramco fell 2% to close at SAR 38.45. Al Rajhi Bank and SABIC declined 1% at SAR 89.50 and SAR 107, respectively.
Petro Rabigh, Savola, Riyad Bank, Elm, Bank AlJazira and Advanced edged down between 2% and 6%.
Arab Sea was the top decliner, falling to SAR 108.60. The share is down nearly 40% after falling for the past eight sessions.
Company Prices
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| ALRAJHI | 89.50 | (0.60) | (0.67 %) | - |
| BJAZ | 16.18 | (0.32) | (1.94 %) | - |
| RIBL | 34.60 | (0.95) | (2.67 %) | - |
| WAFRAH | 49.10 | 4.45 | 9.96 % | - |
| SABIC | 107.00 | (0.60) | (0.56 %) | - |
| SAVOLA GROUP | 21.87 | (0.50) | (2.25 %) | - |
| SIECO | 6.31 | (0.70) | (9.99 %) | - |
| ANAAM HOLDING | 28.15 | (3.10) | (9.92 %) | - |
| PETRO RABIGH | 18.42 | (1.16) | (5.92 %) | - |
| DAR ALARKAN | 14.30 | 0.50 | 3.62 % | - |
| ADVANCED | 53.10 | (1.10) | (2.03 %) | - |
| SAUDI ARAMCO | 34.95 | (0.55) | (1.54 %) | - |
| RIYAD REIT | 10.94 | 0.30 | 2.82 % | - |
| ARAB SEA | 10.86 | (1.20) | (9.95 %) | - |
| CENOMI CENTERS | 20.06 | 0.82 | 4.26 % | - |
| TALEEM REIT | 12.70 | 0.38 | 3.08 % | - |
| ELM | 246.40 | (5.00) | (1.99 %) | - |
On the other hand, Arabian Centres rose 4% to SAR 20.06. The company signed two agreements with Riyad Capital to establish two closed-end, Shariah-compliant real estate funds valued at SAR 6.2 billion.
Wafrah was the top gainer, rising SAR 49.10.
Dar Al Arkan gained 4% to SAR 14.30, recording the highest close in four years.
To contact the writer, email Parag Deulgaonkar at parag.d@argaam.com
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings |
|---|---|---|---|---|
| WAFRAH | 49.10 | 9.96 % | NEG | |
| MIS | 95.83 | 5.89 % | 55.52 | |
| JARIR | 15.90 | 5.72 % | 19.56 | |
| AZM | 8.60 | 4.88 % | 37.25 | |
| CENOMI CENTERS | 20.06 | 4.26 % | 5.92 | |
| NCLE | 58.90 | 4.25 % | 65.32 | |
| ALRAJHI TAKAFUL | 38.00 | 3.71 % | 93.76 | |
| RAYDAN | 60.21 | 3.66 % | NEG | |
| CMCER | 5.70 | 3.64 % | 31.46 | |
| DAR ALARKAN | 14.30 | 3.62 % | 47.52 |
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| ALRAJHI TAKAFUL | 371,694.00 | 3,410,557.00 | 817.57 % |
| SAIC | 1,155,214.00 | 6,946,804.00 | 501.34 % |
| NGC | 247,744.00 | 994,387.00 | 301.38 % |
| TALEEM REIT | 135,724.00 | 488,873.00 | 260.20 % |
| BANAN | 170,943.00 | 584,740.00 | 242.07 % |
| EMAAR EC | 1,304,988.00 | 4,019,606.00 | 208.02 % |
| RAYDAN | 76,915.00 | 228,994.00 | 197.72 % |
| DAR ALARKAN | 15,135,959.00 | 43,400,881.00 | 186.74 % |
| SAICO | 242,067.00 | 679,220.00 | 180.59 % |
| DWF | 83,723.00 | 219,504.00 | 162.18 % |
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
| Company | Price | Change 52 Weeks |
|---|---|---|
| DAR ALARKAN | 14.30 | 38.03 % |
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Calendar
| Company | Event |
|---|---|
| SIPCHEM | Cash Dividend Distribution |
| KINGDOM | General Assembly |
| A.OTHAIM MARKET | Cash Dividend Distribution |
| MOUWASAT | Cash Dividend Distribution |
| ABO MOATI | Cash Dividend Distribution |
| General Authority For Statistics | Reports |
| General Authority For Statistics | Reports |
| THEEB | General Assembly |
| THEEB | Eligibility for bonus shares |
| AlRamz | Allocation Date |
Comments Analysis: