TASI falls 0.5% to 11,636, turnover at SAR 5.4 bln
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) fell 0.5%, or 56 points, to11,636 points today, Aug.1, the lowest close in about a month.
Total turnover reached nearly SAR 5.4 billion.
The index declined for the fourth session in a row, recording losses of 270 points.
Market Index
Al Rajhi Bank slipped 1% to SAR 73.90 amid trading of nearly 8 million shares.
Najran Cement fell more than 2% after the company's Q2 2023 profit dropped 45% year-on-year to SAR 7.4 million.
Al Sagr closed at SAR 16.28 (-3%) after the insurance company started the creditors' objection period for its merger with Gulf Union Alahlia.
East Pipes edged down more than 3%.
Company Prices
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| ALRAJHI | 49.27 | (0.47) | (0.94 %) | - |
| YC | 36.20 | 0.25 | 0.70 % | - |
| SABIC | 85.10 | (0.60) | (0.70 %) | - |
| SABIC AGRI-NUTRIENTS | 142.20 | (2.00) | (1.39 %) | - |
| BUPA ARABIA | 174.00 | 1.40 | 0.81 % | - |
| ALSAGR INSURANCE | 10.73 | (0.38) | (3.44 %) | - |
| NAJRAN CEMENT | 12.94 | (0.30) | (2.27 %) | - |
| SHAKER | 18.23 | 0.14 | 0.79 % | - |
| SNB | 38.80 | 0.25 | 0.65 % | - |
| SAUDI ARAMCO | 32.25 | (0.15) | (0.46 %) | - |
| MEPCO | 36.25 | 0.50 | 1.40 % | - |
| RETAL | 9.15 | 0.12 | 1.33 % | - |
| ALKHABEER INCOME | 7.29 | (0.25) | (3.32 %) | - |
| EAST PIPES | 61.40 | (2.20) | (3.46 %) | - |
On the other hand, Yamama Cement increased 1% to SAR 36.20 after the company's Q2 2023 profit jumped 8% YoY.
2P was the top gainer, rising more than 6% to SAR 23.84 with over 4 million shares traded.
Retal closed 1% higher at SAR 9.15.
Write to Parag Deulgaonkar at parag.d@argaam.com
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings |
|---|---|---|---|---|
| 2P | 10.84 | 6.24 % | 25.55 | |
| SGS | 32.85 | 3.79 % | NEG | |
| ARABIAN DRILLING | 182.40 | 3.40 % | 25.69 | |
| GAS | 7.30 | 2.82 % | 16.15 | |
| ALMUNAJEM | 72.00 | 2.71 % | 20.57 | |
| ALUJAIN | 47.30 | 2.27 % | NEG | |
| SPPC | 18.80 | 2.17 % | NEG | |
| BJAZ | 12.00 | 2.07 % | 16.34 | |
| ALMAWARID | 107.55 | 1.99 % | 24.21 | |
| BANAN | 6.26 | 1.95 % | 16.96 |
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| SHL | 244,278.00 | 5,124,377.00 | 1,997.76 % |
| ALMUNAJEM | 561,827.00 | 2,699,819.00 | 380.54 % |
| ALKHABEER INCOME | 157,102.00 | 653,892.00 | 316.22 % |
| 2P | 2,547,064.00 | 9,079,692.00 | 256.48 % |
| EAST PIPES | 321,585.00 | 1,033,756.00 | 221.46 % |
| ARABIAN DRILLING | 189,075.00 | 517,222.00 | 173.55 % |
| ALAHLI REIT 1 | 137,074.00 | 304,291.00 | 121.99 % |
| MEPCO | 1,396,410.00 | 2,708,242.00 | 93.94 % |
| BUPA ARABIA | 92,453.00 | 174,992.00 | 89.28 % |
| SABIC AGRI-NUTRIENTS | 770,934.00 | 1,408,438.00 | 82.69 % |
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
| Company | Price | Change 52 Weeks |
|---|---|---|
| CATRION | 125.80 | 63.16 % |
| SAVOLA GROUP | 26.70 | 25.37 % |
| MCDC | 63.22 | 1.45 % |
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