TASI declines 0.2% to 10,548, turnover at SAR 4 bln
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 0.2%, or 25 points, lower at 10,548 points today, Feb. 16.
Total turnover reached nearly SAR 4 billion.
Market Index
Saudi Aramco and Al Rajhi Bank declined by less than 1% to SAR 33.05 and SAR 76.20, respectively.
Maaden, Americana, ACWA Power, Bank Albilad, Etihad Etisalat, Jabal Omar, Saudi Electricity and Jarir fell between 1% and 4%.
solutions dropped nearly 9% to SAR 240 after the company’s Q4 2022 results missed market expectations.
Company Prices
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| ALRAJHI | 50.80 | (0.33) | (0.65 %) | - |
| SABIC | 95.60 | 1.00 | 1.06 % | - |
| SAPTCO | 17.92 | 0.18 | 1.01 % | - |
| SSP | 20.32 | 0.42 | 2.11 % | - |
| SOLUTIONS | 240.00 | (24.00) | (9.09 %) | - |
| SNB | 36.53 | 0.15 | 0.41 % | - |
| SAUDI ARAMCO | 30.05 | (0.14) | (0.45 %) | - |
| ALKATHIRI | 2.60 | (0.01) | (0.38 %) | - |
| NAYIFAT | 15.38 | (0.03) | (0.22 %) | - |
On the other hand, SAPTCO increased 1% to SAR 17.92. The company signed an intercity bus transport concession in the Southern Region for 10 years.
Shares of MARAFIQ, Luberef, Alamar and Arabian Drills hit an all-time high.
Saudi Pipes rose more than 2% to SAR 20.32 after the company’s Q4 2022 profit increased to SAR 11.1 million.
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 |
|---|---|---|---|---|
| MARAFIQ | 53.40 | 6.59 % | 15.79 | |
| AZM | 9.50 | 4.97 % | 28.51 | |
| RAOOM | 56.70 | 4.81 % | 23.05 | |
| AMANA INSURANCE | 10.34 | 4.44 % | NEG | |
| MAHARAH | 4.31 | 3.60 % | 17.30 | |
| ENAYA | 10.08 | 3.38 % | NEG | |
| THEEB | 48.94 | 3.30 % | 16.72 | |
| YANSAB | 44.40 | 3.26 % | 60.30 | |
| ASTRA INDUSTRIAL | 55.00 | 3.00 % | 9.28 | |
| ALAMAR | 162.60 | 2.91 % | 35.88 |
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| CMCER | 74,167.00 | 2,294,670.00 | 2,993.92 % |
| SAPTCO | 445,535.00 | 3,326,746.00 | 646.69 % |
| SSP | 110,889.00 | 463,676.00 | 318.14 % |
| KINGDOM | 190,938.00 | 743,562.00 | 289.43 % |
| THEEB | 152,142.00 | 584,849.00 | 284.41 % |
| SOLUTIONS | 192,389.00 | 724,047.00 | 276.35 % |
| ALJOUF | 221,880.00 | 615,561.00 | 177.43 % |
| CATRION | 158,860.00 | 421,172.00 | 165.12 % |
| EMAAR EC | 440,095.00 | 1,089,946.00 | 147.66 % |
| GACO | 404,641.00 | 993,845.00 | 145.61 % |
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
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Calendar
| Company | Event |
|---|---|
| LUMI | General Assembly |
| ALRAJHI TAKAFUL | General Assembly |
| GACO | General Assembly |
| ALRAJHI TAKAFUL | Eligibility for bonus shares |
| BINDAWOOD | Cash Dividend Distribution |
Comments Analysis: