TASI falls 0.5% to 11,848, turnover at SAR 6.5 bln
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 0.5%, or 58 points, lower at 11,848 points today, July 27.
Total turnover reached almost SAR 6.5 billion.
Market Index
Al Rajhi Bank declined 1% to SAR 75.40.
SASCO was the top decliner, shedding 7% to SAR 59, with about 1.5 million shares exchanging hands. The company’s Q2 2023 profit fell 56% year-on-year.
Bank AlJazira closed at SAR 18.42 (-1%), with nearly eight million shares traded.
Company Prices
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| ALRAJHI | 50.27 | (0.47) | (0.92 %) | - |
| BJAZ | 11.78 | (0.14) | (1.18 %) | - |
| SAIB | 14.30 | 0.26 | 1.82 % | - |
| ZOUJAJ | 37.80 | 0.05 | 0.13 % | - |
| SABIC | 86.50 | 0.50 | 0.58 % | - |
| SASCO | 50.57 | (3.86) | (7.09 %) | - |
| ALINMA | 25.23 | (0.33) | (1.30 %) | - |
| SNB | 39.90 | 0.00 | 0.00 % | - |
| SAUDI ARAMCO | 32.30 | (0.10) | (0.31 %) | - |
| ABO MOATI | 33.25 | 0.55 | 1.68 % | - |
| SEDCO CAPITAL REIT | 8.92 | 0.01 | 0.11 % | - |
Meanwhile, Abo Moati rose 2% to SAR 33.25 after the company’s board proposed 10% cash dividends and recommended 10-for-1 stock split.
Shares of Almarai, MEDGULF, Al-Babtain and Walaa Insurance increased between 3% and 5%.
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 |
|---|---|---|---|---|
| ALBABTAIN | 21.06 | 4.98 % | 15.42 | |
| RAOOM | 53.90 | 4.86 % | 15.97 | |
| MEDGULF | 13.76 | 4.72 % | NEG | |
| WALAA | 15.31 | 3.27 % | 31.20 | |
| OGC | 59.93 | 3.10 % | 15.16 | |
| ALMARAI | 70.30 | 3.08 % | 34.96 | |
| WATANIYA | 19.58 | 2.41 % | 45.74 | |
| BANAN | 6.50 | 2.36 % | 16.96 | |
| CATRION | 120.40 | 2.21 % | 33.00 | |
| LUBEREF | 150.00 | 2.18 % | 11.84 |
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| EPCCO | 36,623.00 | 165,114.00 | 350.85 % |
| ALBABTAIN | 549,841.00 | 2,313,364.00 | 320.73 % |
| SAUDI ARAMCO | 6,577,855.00 | 25,154,263.00 | 282.41 % |
| SADAFCO | 52,974.00 | 196,263.00 | 270.49 % |
| SAB | 1,294,622.00 | 4,632,048.00 | 257.79 % |
| TANMIAH | 112,471.00 | 397,873.00 | 253.76 % |
| SABIC AGRI-NUTRIENTS | 753,427.00 | 2,328,384.00 | 209.04 % |
| Al RAJHI REIT | 489,728.00 | 1,468,397.00 | 199.84 % |
| BUPA ARABIA | 88,635.00 | 261,526.00 | 195.06 % |
| SAIB | 497,765.00 | 1,439,186.00 | 189.13 % |
| 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: