TASI falls 0.2% to 10,929 points, turnover at SAR 5.5 bln
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 0.2%, or 17 points, lower at 10,929 points today, Nov. 8.
Total turnover reached nearly SAR 5.5 billion.
Market Index
Saudi Aramco fell less than 1% to SAR 33.55.
Saudi Electricity declined 2% to SAR 17.02, after Q3 2023 profit fell to SAR 3.9 billion.
Jabal Omar, BCI, Budget Saudi, MEPCO, Theeb and SACO slipped between 1% and 5% following the announcement of Q3 023 financial results.
Company Prices
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| ETIHAD ETISALAT | 48.95 | 1.55 | 3.27 % | - |
| SAUDI ENERGY | 17.02 | (0.26) | (1.50 %) | - |
| QACCO | 62.30 | (0.30) | (0.48 %) | - |
| SAVOLA GROUP | 23.40 | 0.75 | 3.33 % | - |
| SAPTCO | 15.80 | 0.28 | 1.80 % | - |
| SRMG | 145.00 | 9.00 | 6.62 % | - |
| BUDGET SAUDI | 49.73 | (1.72) | (3.34 %) | - |
| NORTHERN CEMENT | 10.16 | 0.00 | 0.00 % | - |
| JABAL OMAR | 20.06 | (0.78) | (3.74 %) | - |
| ALSAGR INSURANCE | 15.69 | 0.59 | 3.93 % | - |
| BCI | 29.90 | (0.65) | (2.13 %) | - |
| ZAIN KSA | 14.50 | 0.70 | 5.07 % | - |
| SAUDI ARAMCO | 33.55 | (0.05) | (0.15 %) | - |
| MEPCO | 27.85 | (1.15) | (3.97 %) | - |
| SACO | 26.05 | (0.25) | (0.95 %) | - |
| LAZURDE | 13.42 | 1.22 | 10.00 % | - |
| BINDAWOOD | 6.07 | 0.06 | 1.00 % | - |
| ADES | 19.26 | (0.24) | (1.23 %) | - |
On the other hand, SRMG rose 7% to SAR 145 after Q3 2023 profit rose to SAR 249 million.
Lazurde and Naseej went limit up at SAR 13.42 and SAR 42.45, respectively.
Zain KSA closed at SAR 14.50 (+5%), with about 18 million shares traded. The telco reported a profit of SAR 285 million in Q3 2023.
Write to Parag Deulgaonkar at parag.d@argaam.com
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings |
|---|---|---|---|---|
| LAZURDE | 13.42 | 10.00 % | 16.70 | |
| NASEEJ | 42.45 | 9.97 % | NEG | |
| SRMG | 145.00 | 6.62 % | 17.25 | |
| BANAN | 6.40 | 6.31 % | 16.96 | |
| FITAIHI GROUP | 2.76 | 5.75 % | NEG | |
| ALASEEL | 4.46 | 5.44 % | 25.06 | |
| ZAIN KSA | 14.50 | 5.07 % | 8.29 | |
| GO TELECOM | 51.08 | 4.86 % | 8.43 | |
| CENOMI RETAIL | 21.40 | 4.49 % | NEG | |
| AWPT | 101.96 | 4.23 % | 25.86 |
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| SRMG | 69,438.00 | 640,632.00 | 822.60 % |
| ZAIN KSA | 2,610,362.00 | 18,105,299.00 | 593.59 % |
| ALASEEL | 1,024,799.00 | 5,172,044.00 | 404.69 % |
| BANAN | 99,169.00 | 479,856.00 | 383.88 % |
| JABAL OMAR | 1,867,816.00 | 8,676,490.00 | 364.53 % |
| LAZURDE | 208,076.00 | 965,062.00 | 363.80 % |
| JADWA REIT ALHARAMAIN | 67,195.00 | 271,555.00 | 304.13 % |
| MESC | 602,650.00 | 2,244,768.00 | 272.48 % |
| AWPT | 79,127.00 | 287,729.00 | 263.63 % |
| ATAA | 69,268.00 | 241,624.00 | 248.82 % |
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
| Company | Price | Change 52 Weeks |
|---|---|---|
| GO TELECOM | 51.08 | 160.37 % |
| EIC | 2.32 | 117.98 % |
| CARE | 143.20 | 89.67 % |
| MEDGULF | 15.30 | 53.00 % |
| AL MAATHER REIT | 9.43 | 4.78 % |
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