TASI falls 0.5% to 12,526 points, turnover at SAR 5.8 bln
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 0.5%, or 66 points, lower at 12,526 points today, Aug. 21.
Total turnover reached nearly SAR 5.8 billion.
The index fell in line with global markets, led by the US following the US Federal Reserve likely to keep interest rates high enough to slow the economy “for some time”.
Market Index
Saudi Aramco and Al Rajhi Bank declined to SAR 38.75 (-2%) and SAR 90.70 (-1%), respectively.
Saudi National Bank, SABB, Bank AlJazira, Sipchem, Saudi Kayan, Petro Rabigh, Saudi Electricity and Almarai fell between 1% and 2%.
Alhokair Group and Emaar EC edged down 2% after announcing Q2 2022 losses.
Company Prices
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| ALRAJHI | 90.70 | (1.30) | (1.41 %) | - |
| SABIC | 103.20 | (0.60) | (0.58 %) | - |
| SARCO | 108.20 | 2.80 | 2.66 % | - |
| BATIC | 2.66 | 0.06 | 2.12 % | - |
| TAPRCO | 26.76 | (0.69) | (2.50 %) | - |
| EMAAR EC | 22.97 | (0.43) | (1.85 %) | - |
| MAADEN | 52.02 | 2.87 | 5.83 % | - |
| HCC | 13.40 | 0.04 | 0.30 % | - |
| JABAL OMAR | 23.40 | 0.34 | 1.47 % | - |
| BAAN | 2.53 | (0.04) | (1.60 %) | - |
| SNB | 52.61 | (0.67) | (1.26 %) | - |
| SAUDI ARAMCO | 35.18 | (0.59) | (1.65 %) | - |
| JADWA REIT ALHARAMAIN | 7.65 | (0.13) | (1.67 %) | - |
| JADWA REIT SAUDI | 13.68 | 0.02 | 0.15 % | - |
On the other hand, Maaden rose 6% to SAR 78, recording the highest close since listing.
SABIC Agri-Nutrients closed at SAR 178 (+4%).
GASCO was the top gainer, rising 9.9% to SAR 57.80.
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 |
|---|---|---|---|---|
| GASCO | 57.80 | 9.89 % | 23.40 | |
| SAUDI CERAMICS | 33.89 | 8.73 % | 17.95 | |
| GULF GENERAL | 15.24 | 7.78 % | NEG | |
| SHARQIYAH DEV | 27.41 | 6.69 % | More than 100 | |
| MAADEN | 52.02 | 5.83 % | 21.16 | |
| UCA | 10.78 | 5.07 % | NEG | |
| GO TELECOM | 14.33 | 4.42 % | NEG | |
| AICC | 13.43 | 4.37 % | NEG | |
| SABIC AGRI-NUTRIENTS | 178.00 | 4.22 % | 8.90 | |
| RAOOM | 64.50 | 4.03 % | 73.87 |
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| OBEIKAN GLASS | 5,588.00 | 73,082.00 | 1,207.84 % |
| YAQEEN 30 ETF | 67,205.00 | 438,050.00 | 551.81 % |
| SAUDI CERAMICS | 794,186.00 | 4,217,380.00 | 431.03 % |
| GASCO | 232,256.00 | 1,105,725.00 | 376.08 % |
| SPPC | 425,481.00 | 1,894,115.00 | 345.17 % |
| MAADANIYAH | 374,623.00 | 1,412,304.00 | 276.99 % |
| GULF GENERAL | 458,202.00 | 1,252,429.00 | 173.34 % |
| SALAMA | 444,921.00 | 1,108,889.00 | 149.23 % |
| ASLAK | 265,195.00 | 625,709.00 | 135.94 % |
| SABIC AGRI-NUTRIENTS | 1,585,255.00 | 3,627,472.00 | 128.83 % |
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
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Calendar
| Company | Event |
|---|---|
| SABIC | Conferences |
| ARABIAN DRILLING | Financial results date |
| RAYDAN | General Assembly |
| TALEEM REIT | Ex-dividend Date |
| NAYIFAT | General Assembly |
| ALMOOSA | Financial results date |
| Almasar Alshamil Education | Key Events |
Comments Analysis: