26/02/2023 Argaam
AI Summary
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 1%, or 102 points, lower at 10,052 points today, Feb. 26, recording the lowest close since December 2022.
Total turnover reached nearly SAR 2.8 billion.
Al Rajhi Bank declined 2% to SAR 71, recording the lowest closing in more than a year and a half. The stock has gradually declined since the beginning of February, falling nearly 14%.
Aramco closed at SAR 31.40 (-1%).
Arabian Cement fell 4% to SAR 33.65 after Q4 2022 results came below market expectations.
Tadawul Group declined 5% to SAR 150.20. The company’s Q4 2022 profit dropped 48% year-on-year to SAR 57.2 million.
Tihama was the top decliner, falling 7%.
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| ALRAJHI | 71.00 | (1.30) | (1.80 %) | - |
| ACC | 33.65 | (1.45) | (4.13 %) | - |
| SAUDI CERAMICS | 23.49 | (0.48) | (2.00 %) | - |
| SABIC | 91.20 | 0.30 | 0.33 % | - |
| CHEMANOL | 24.50 | (0.38) | (1.53 %) | - |
| BUDGET SAUDI | 53.50 | (0.60) | (1.11 %) | - |
| SNB | 35.19 | (0.52) | (1.46 %) | - |
| SAUDI ARAMCO | 28.55 | (0.36) | (1.26 %) | - |
| TADAWUL GROUP | 150.20 | (7.40) | (4.70 %) | - |
| SULAIMAN ALHABIB | 234.60 | 0.60 | 0.26 % | - |
| SAUDI GERMAN HEALTH | 29.80 | 2.70 | 9.96 % | - |
On the other hand, Saudi German Health was the top gainer, closing at SAR 29.80. The company reported a Q4 2022 net profit of SAR 33.2 million.
Astra Industrial and Wataniya rose by more than 7%.
To contact the writer, email Parag Deulgaonkar at parag.d@argaam.com
| Company | 52 Weeks Range | Price | Change | Price Earnings |
|---|---|---|---|---|
| SAUDI GERMAN HEALTH | 29.80 | 9.96 % | 36.48 | |
| ASTRA INDUSTRIAL | 60.30 | 7.68 % | 10.17 | |
| WATANIYA | 16.60 | 7.10 % | NEG | |
| NCLE | 89.50 | 5.05 % | 54.17 | |
| EIC | 1.17 | 5.02 % | 14.00 | |
| ALRAJHI TAKAFUL | 40.72 | 2.83 % | 58.18 | |
| ALHAMMADI | 49.50 | 2.80 % | 30.78 | |
| ALBILAD US TECH ETF | 10.60 | 2.51 % | - | |
| BINDAWOOD | 5.63 | 2.18 % | 54.23 | |
| RAOOM | 56.70 | 2.16 % | 23.05 |
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| ALBILAD US ETF | 5,937.00 | 59,360.00 | 899.83 % |
| SAUDI GERMAN HEALTH | 263,233.00 | 2,162,097.00 | 721.36 % |
| ASTRA INDUSTRIAL | 85,581.00 | 507,282.00 | 492.75 % |
| EIC | 3,149,935.00 | 14,519,780.00 | 360.95 % |
| JADWA REIT ALHARAMAIN | 72,808.00 | 241,764.00 | 232.06 % |
| WATANIYA | 355,369.00 | 1,174,618.00 | 230.53 % |
| BURGERIZZR | 14,716.00 | 46,370.00 | 215.10 % |
| YAQEEN 30 ETF | 109,202.00 | 333,104.00 | 205.03 % |
| TALEEM REIT | 53,287.00 | 158,639.00 | 197.71 % |
| ALASEEL | 850,308.00 | 2,401,270.00 | 182.40 % |
| More | |||
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| Company | Event |
|---|---|
| AMANA INSURANCE | General Assembly |
| American Petroleum Institute | Reports |
| US Federal | Important meetings and events |
| ADVANCED | General Assembly |
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