TASI gains more than 100 points to cross 12,400, hits 2-month high
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 0.8%, or 101 points, higher at 12,431 points today, Aug. 10, recording the highest close in two months.
Total turnover reached nearly SAR 6.7 billion.
Market Index
Al Rajhi Bank rose 2% to SAR 87.40.
SABIC, Banque Saudi Fransi, Alinma Bank, stc, Sipchem, SABIC Agri-Nutrients, Etihad Etisalat, SABB and ACWA Power increased between 1% and 3%.
Al-Othaim surged 4% to SAR 125, recording the highest close in more than a year.
The board of directors approved the sale of the company’s idle land in Madinah to Abdullah Al Othaim Investment Co. for SAR 211.33 million, excluding the real estate property tax.
Company Prices
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| ALJOUF | 51.40 | (0.40) | (0.77 %) | - |
| ALRAJHI | 58.27 | 1.00 | 1.75 % | - |
| SPCC | 58.20 | (0.70) | (1.19 %) | - |
| GASCO | 42.80 | (0.45) | (1.04 %) | - |
| SABIC | 103.60 | 0.80 | 0.78 % | - |
| ALRAJHI TAKAFUL | 31.72 | (0.36) | (1.12 %) | - |
| A.OTHAIM MARKET | 12.50 | 0.48 | 3.99 % | - |
| WALAA | 12.55 | (0.05) | (0.40 %) | - |
| SNB | 55.23 | 0.37 | 0.68 % | - |
| SAUDI ARAMCO | 36.23 | 0.05 | 0.13 % | - |
| BAAZEEM | 7.78 | (0.21) | (2.63 %) | - |
| THEEB | 44.31 | 1.37 | 3.19 % | - |
| AMAK | 65.07 | (1.10) | (1.66 %) | - |
On the other hand, Baazeem, Southern Cement, Al Rajhi Takaful and AMAK declined between 1% and 3% following the announcement of the financial results.
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 |
|---|---|---|---|---|
| RAYDAN | 71.20 | 9.99 % | NEG | |
| ARTEX | 22.98 | 9.95 % | NEG | |
| RED SEA | 37.15 | 9.91 % | NEG | |
| ABO MOATI | 37.80 | 9.88 % | 30.23 | |
| SPIMACO | 31.25 | 8.51 % | NEG | |
| SHAKER | 15.94 | 6.57 % | 27.84 | |
| KEC | 14.56 | 6.12 % | NEG | |
| AMIANTIT | 13.09 | 5.82 % | NEG | |
| SENAAT | 22.84 | 4.39 % | NEG | |
| SAUDI DARB | 2.47 | 4.26 % | NEG |
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| SENAAT | 468,464.00 | 3,978,137.00 | 749.19 % |
| RAYDAN | 76,326.00 | 510,907.00 | 569.37 % |
| LEEJAM SPORTS | 391,430.00 | 2,583,047.00 | 559.90 % |
| ARTEX | 677,391.00 | 4,318,400.00 | 537.50 % |
| ABO MOATI | 275,634.00 | 1,698,633.00 | 516.26 % |
| NASEEJ | 435,562.00 | 2,520,556.00 | 478.69 % |
| ALBILAD SOVEREIGN SUKUK ETF | 83,134.00 | 426,290.00 | 412.77 % |
| ATAA | 100,556.00 | 462,592.00 | 360.03 % |
| RED SEA | 220,481.00 | 967,744.00 | 338.92 % |
| FIPCO | 128,636.00 | 543,539.00 | 322.54 % |
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
| Company | Price | Change 52 Weeks |
|---|---|---|
| MOUWASAT | 129.00 | 25.85 % |
| A.OTHAIM MARKET | 12.50 | 7.76 % |
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Calendar
| Company | Event |
|---|---|
| FITAIHI GROUP | General Assembly |
| MAADEN | General Assembly |
| THEEB | Cash Dividend Distribution |
| YC | Cash Dividend Distribution |
| ALMARAI | Cash Dividend Distribution |
| HERFY FOODS | General Assembly |
Comments Analysis: