TASI rises 1.2% to 11,257 points, turnover at SAR 5 bln
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 1.2%, or 138 points, higher at 11,257 points today, May 7.
Total turnover reached almost SAR 5 billion.
Market Index
Aramco rose 2% to SAR 35.75, while Al Rajhi Bank closed at SAR 75 (+1%).
Tasnee gained 4% to SAR 13.72 after the company’s Q1 2023 profit beat average estimates.
SABB jumped 6% to SAR 36.85. The bank reported a net profit of SAR 1.8 billion in Q1 2023, up 76% year-on-year (YoY).
Salama went nearly limit up to close at SAR 19.18 as about 1.1 million shares were traded.
Company Prices
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| ALRAJHI | 75.00 | 0.60 | 0.81 % | - |
| BJAZ | 11.64 | (0.51) | (4.21 %) | - |
| SAB | 36.85 | 2.10 | 6.04 % | - |
| BSF | 18.79 | 0.12 | 0.65 % | - |
| TASNEE | 13.72 | 0.48 | 3.63 % | - |
| APC | 2.71 | 0.02 | 0.75 % | - |
| SABIC | 90.20 | 1.20 | 1.35 % | - |
| FITAIHI GROUP | 3.15 | 0.03 | 0.80 % | - |
| SAPTCO | 17.92 | (0.16) | (0.88 %) | - |
| ANAAM HOLDING | 25.80 | 0.05 | 0.19 % | - |
| CENOMI RETAIL | 17.08 | (0.08) | (0.47 %) | - |
| SNB | 37.05 | 0.34 | 0.91 % | - |
| SAUDI ARAMCO | 32.50 | 0.64 | 2.00 % | - |
| SULAIMAN ALHABIB | 296.80 | (0.20) | (0.07 %) | - |
| CENOMI CENTERS | 21.10 | (0.52) | (2.41 %) | - |
| SEDCO CAPITAL REIT | 9.98 | 0.00 | 0.00 % | - |
| NAQI | 88.80 | (1.40) | (1.55 %) | - |
| ALSAIF GALLERY | 9.01 | 0.01 | 0.11 % | - |
Meanwhile, SAPTCO declined 1% to SAR 17.92 after the company’s losses widened to SAR 44 million in Q1 2023.
Bank AlJazira closed at SAR 18.20 (-4%), as almost 15 million shares were traded. The bank’s Q1 2023 net profit fell 46% YoY to SAR 204 million.
Retal fell 2% to close at SAR 11.76.
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 |
|---|---|---|---|---|
| SALAMA | 10.36 | 9.98 % | NEG | |
| CHEMICAL | 3.20 | 6.49 % | 33.82 | |
| SAB | 36.85 | 6.04 % | 13.44 | |
| MEPCO | 34.35 | 5.69 % | 17.44 | |
| SAVOLA GROUP | 20.73 | 5.26 % | 7.19 | |
| MESC | 14.18 | 5.04 % | More than 100 | |
| SHAKER | 20.16 | 4.50 % | 23.89 | |
| LUBEREF | 121.60 | 4.29 % | 9.67 | |
| OBEIKAN GLASS | 59.25 | 3.95 % | 11.97 | |
| ALKHALEEJ TRNG | 20.92 | 3.77 % | More than 100 |
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| ALBILAD SOVEREIGN SUKUK ETF | 23,365.00 | 211,639.00 | 805.79 % |
| MEPCO | 818,424.00 | 6,552,176.00 | 700.58 % |
| CHEMICAL | 1,886,380.00 | 14,307,990.00 | 658.49 % |
| BJAZ | 3,908,007.00 | 23,884,461.00 | 511.17 % |
| MEFIC REIT | 114,250.00 | 632,320.00 | 453.45 % |
| SABI QUANT ETF | 1,236.00 | 6,698.00 | 441.91 % |
| RETAL | 1,803,599.00 | 7,751,253.00 | 329.77 % |
| MESC | 614,788.00 | 2,415,178.00 | 292.85 % |
| LAZURDE | 498,294.00 | 1,837,187.00 | 268.70 % |
| SALAMA | 703,692.00 | 2,076,115.00 | 195.03 % |
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
| Company | Price | Change 52 Weeks |
|---|---|---|
| TAWUNIYA | 91.16 | 58.78 % |
| ASTRA INDUSTRIAL | 68.50 | 37.00 % |
| CARE | 98.50 | 25.32 % |
| ATAA | 70.40 | 20.34 % |
| ALKHALEEJ TRNG | 20.92 | 16.22 % |
| SAUDI GERMAN HEALTH | 41.10 | 14.17 % |
| APC | 2.71 | 6.92 % |
| ETIHAD ETISALAT | 46.10 | 5.73 % |
| ALJOUF | 55.00 | 4.96 % |
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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: