TASI falls 2.2% to below 12,000, turnover at SAR 9.5B
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 2.2%, or 267 points, lower at 11,986 points today, Jan. 30.
Total turnover reached nearly SAR 9.5 billion.
Market Index
Al Rajhi Bank and Saudi National Bank declined to SAR 88.10 (-3%) and SAR 42.10 (-2%), respectively.
Shares of East Pipes, Arabian Drilling, ADES, and Arabian Pipes went almost limit down.
Saudi Steel Pipe, Takween, SISCO, SAL, Saudi Electricity and SIIG fell between 5% and 9%.
Company Prices
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| ALRAJHI | 88.10 | (2.40) | (2.65 %) | - |
| SABIC | 78.10 | (1.60) | (2.01 %) | - |
| SNB | 42.10 | (0.80) | (1.86 %) | - |
| SAUDI ARAMCO | 31.30 | 0.05 | 0.16 % | - |
On the other hand, Saudi Aramco rose less than 1% to close at SAR 31.30, with about 14 million shares traded. The company received a directive from the Ministry of Energy to maintain its maximum sustainable capacity (MSC) at 12 million barrels per day (mbpd) and not to continue increasing to 13 mbpd.
Jarir rose 1% after Q4 2023 net profit rose 2% year-on-year to SAR 273.2 million.
Saudi German Health recorded the highest closing since its listing at SAR 102 (+5%), with about 2.4 million shares worth more than SAR 240 million changing hands.
Write to Parag Deulgaonkar at parag.d@argaam.com
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings |
|---|---|---|---|---|
| SAUDI GERMAN HEALTH | 102.00 | 4.72 % | More than 100 | |
| BAAZEEM | 7.00 | 2.64 % | 32.74 | |
| ALBILAD US TECH ETF | 14.58 | 1.39 % | - | |
| ALMUNAJEM | 78.30 | 1.29 % | 16.65 | |
| ALBILAD GOLD ETF | 10.98 | 1.10 % | - | |
| ALBILAD US ETF | 11.51 | 1.05 % | - | |
| RAOOM | 60.00 | 1.01 % | 16.10 | |
| NOFOTH | 6.31 | 0.80 % | 14.18 | |
| ALASEEL | 4.45 | 0.68 % | 23.14 | |
| JARIR | 15.32 | 0.66 % | 18.89 |
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| ALJAZIRA REIT | 226,097.00 | 3,423,312.00 | 1,414.09 % |
| BAAZEEM | 2,482,062.00 | 25,988,290.00 | 947.04 % |
| ALBILAD GOLD ETF | 30,252.00 | 268,956.00 | 789.05 % |
| ARABIAN DRILLING | 219,335.00 | 1,617,107.00 | 637.28 % |
| ALMUNAJEM | 684,428.00 | 3,963,961.00 | 479.16 % |
| ALBILAD US TECH ETF | 9,043.00 | 50,143.00 | 454.50 % |
| AZM | 17,855.00 | 80,429.00 | 350.46 % |
| TALEEM REIT | 106,099.00 | 441,574.00 | 316.19 % |
| RAOOM | 17,082.00 | 68,750.00 | 302.47 % |
| ALINMA GOVERNMENT SUKUK ETF | 1,704.00 | 6,020.00 | 253.29 % |
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
| Company | Price | Change 52 Weeks |
|---|---|---|
| SAUDI GERMAN HEALTH | 102.00 | 268.90 % |
| ALMUNAJEM | 78.30 | 27.32 % |
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