23/08/2022 Argaam
AI Summary
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 1.1%, or 140 points, lower at 12,421 points today, Aug. 23.
Total turnover reached nearly SAR 6.4 billion.
The index sank in tandem with global markets, especially the US, due to monetary policy and economic stagnation concerns.
Saudi Aramco and Al Rajhi Bank fell 1% to SAR 38.40 and SAR 90.90, respectively.
SABIC, Petro Rabigh, Tasnee, Yansab, stc, Bank Albilad, Maaden, Alinma Bank, SABIC Agri-Nutrients, ACWA Power and Saudi Kayan declined between 1% and 4%.
Salama Insurance was the top decliner, falling to SAR 25.85 after Q2 2022 losses reached SAR 61.6 million.
SAICO, SAPTCO, Al Abdullatif and Hail Cement slipped between 3% and 4%.
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| JAZADCO | 16.72 | (0.58) | (3.35 %) | - |
| ALRAJHI | 60.60 | (0.60) | (0.98 %) | - |
| FIPCO | 45.20 | (0.30) | (0.66 %) | - |
| SABIC | 101.00 | (2.40) | (2.32 %) | - |
| SINAD HOLDING | 15.94 | (0.78) | (4.67 %) | - |
| ALAKARIA | 14.88 | 0.04 | 0.27 % | - |
| SAPTCO | 16.92 | (0.68) | (3.86 %) | - |
| SALAMA | 13.96 | (1.54) | (9.93 %) | - |
| HCC | 13.40 | (0.36) | (2.62 %) | - |
| ARTEX | 21.02 | (0.88) | (4.02 %) | - |
| SAICO | 15.56 | (0.68) | (4.19 %) | - |
| ALKHALEEJ TRNG | 16.22 | (0.40) | (2.41 %) | - |
| GO TELECOM | 13.74 | 0.02 | 0.11 % | - |
| SNB | 53.06 | (0.30) | (0.56 %) | - |
| SAUDI ARAMCO | 34.91 | (0.32) | (0.90 %) | - |
| EIC | 1.06 | 0.03 | 3.31 % | - |
| ALARABIA | 97.27 | 1.82 | 1.90 % | - |
On the other hand, Electrical Industries and Al Arabia closed at SAR 26.50 (+3%) and SAR 107 (+2%), respectively, following the announcement of Q2 2022 financials.
To contact the writer, email Parag Deulgaonkar at parag.d@argaam.com
| Company | 52 Weeks Range | Price | Change | Price Earnings |
|---|---|---|---|---|
| BUPA ARABIA | 138.43 | 3.59 % | 41.77 | |
| SUMOU | 40.53 | 3.45 % | 11.13 | |
| EIC | 1.06 | 3.31 % | 18.46 | |
| NAMA CHEMICALS | 46.45 | 2.99 % | 16.01 | |
| RED SEA | 40.00 | 2.56 % | NEG | |
| MOUWASAT | 120.80 | 2.29 % | 41.56 | |
| ALARABIA | 97.27 | 1.90 % | 20.95 | |
| EMAAR EC | 23.58 | 1.87 % | NEG | |
| MCDC | 61.82 | 1.63 % | More than 100 | |
| AMIANTIT | 13.42 | 1.49 % | NEG |
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| EIC | 5,379,386.00 | 65,701,260.00 | 1,121.35 % |
| SADAFCO | 35,784.00 | 402,155.00 | 1,023.84 % |
| GULF UNION ALAHLIA | 234,234.00 | 2,060,143.00 | 779.52 % |
| ATAA | 130,405.00 | 1,093,328.00 | 738.41 % |
| APC | 2,748,303.00 | 20,396,414.00 | 642.15 % |
| SSP | 188,151.00 | 1,010,474.00 | 437.05 % |
| SHL | 703,922.00 | 3,388,901.00 | 381.43 % |
| RED SEA | 323,896.00 | 1,147,709.00 | 254.34 % |
| BAAZEEM | 4,411,401.00 | 15,144,930.00 | 243.31 % |
| SALAMA | 347,440.00 | 1,149,513.00 | 230.85 % |
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| 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 |
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