TASI ends 2023 with 0.3% rise to 11,967 points
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 0.3%, or 35 points, higher at 11,967 points today, Dec. 31, the highest close since October 2022.
Total turnover reached almost SAR 5.3 billion.
The index gained nearly 1,500 points or 14.2% in 2023.
Market Index
Maaden went almost limit up to close at SAR 48.55 with nearly 7 million shares worth SAR 320 million traded.
eXtra closed at SAR 89.70 (+2%) after the retailer announced its intention to launch an initial public offering for its subsidiary United International Holding Co., which owns Tasheel Finance.
Amiantit rose nearly 10% to SAR 60.20, with almost 350,000 shares traded. The company signed a settlement agreement with a local creditor bank to transfer its entire stake in its wholly owned subsidiary.
Budget Saudi recorded the highest closing since listing at SAR 79 (+1%).
Company Prices
On the other hand, Al Rajhi Bank declined 1% to SAR 86.50.
Shares of Etihad Etisalat, Almarai, City Cement, Zamil Industrial and Yamama Cement fell between 1% and 2%.
Write to Parag Deulgaonkar at parag.d@argaam.com
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings |
|---|---|---|---|---|
| MAADANIYAH | 19.86 | 9.97 % | NEG | |
| MAADEN | 48.55 | 9.97 % | More than 100 | |
| AMIANTIT | 19.70 | 9.85 % | NEG | |
| SAUDI DARB | 1.93 | 7.66 % | More than 100 | |
| FIPCO | 54.80 | 7.45 % | 56.27 | |
| AMAK | 57.80 | 7.43 % | 74.16 | |
| ENAYA | 15.30 | 4.51 % | 10.21 | |
| AMANA INSURANCE | 13.08 | 4.47 % | 28.90 | |
| ALKHALEEJ TRNG | 25.70 | 4.47 % | More than 100 | |
| JAHEZ | 26.45 | 4.34 % | 47.41 |
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| MAADANIYAH | 194,380.00 | 2,582,778.00 | 1,228.73 % |
| AMAK | 329,064.00 | 3,348,140.00 | 917.47 % |
| MAADEN | 1,182,176.00 | 6,645,226.00 | 462.12 % |
| RAOOM | 8,485.00 | 43,710.00 | 415.14 % |
| ZOUJAJ | 263,210.00 | 1,148,816.00 | 336.46 % |
| TCC | 173,862.00 | 717,819.00 | 312.87 % |
| SACO | 284,053.00 | 1,165,405.00 | 310.28 % |
| ALYAMAMAH STEEL | 268,077.00 | 1,076,694.00 | 301.64 % |
| SARCO | 163,544.00 | 611,021.00 | 273.61 % |
| EQUIPMENT HOUSE | 186,772.00 | 651,989.00 | 249.08 % |
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
| Company | Price | Change 52 Weeks |
|---|---|---|
| ASTRA INDUSTRIAL | 133.20 | 156.65 % |
| ALDREES | 133.10 | 138.44 % |
| ALARABIA | 219.09 | 127.36 % |
| MAHARAH | 7.95 | 95.50 % |
| SPM | 40.32 | 89.53 % |
| ALKHALEEJ TRNG | 25.70 | 85.69 % |
| AMIANTIT | 19.70 | 82.98 % |
| CATRION | 129.00 | 73.15 % |
| FIPCO | 54.80 | 57.25 % |
| BAWAN | 45.60 | 54.58 % |
| AICC | 15.16 | 51.60 % |
| SACO | 38.70 | 42.28 % |
| SAPTCO | 20.74 | 29.63 % |
| EXTRA | 89.70 | 28.88 % |
| YAQEEN 30 ETF | 51.90 | 14.57 % |
| ALBILAD | 30.30 | 2.83 % |
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Calendar
| Company | Event |
|---|---|
| RIBL | General Assembly |
| BSF | Conferences |
| MULKIA REIT | Ex-dividend Date |
| Al RAJHI REIT | Ex-dividend Date |
| US Federal | Important meetings and events |
| BUILD STATION | Cash Dividend Distribution |
Sector Closure
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