TASI rises 0.8% to 12,166 points, turnover at SAR 10.6B
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 0.8%, or 95 points, higher at 12,166 points today, Feb. 7.
Total turnover reached nearly SAR 10.6 billion.
Market Index
Al Rajhi Bank rose 1% to SAR 87.90.
Arab National Bank climbed 3% to SAR 25.60 after the bank’s board of directors recommended one bonus share for every three shares held.
Al Othaim closed at SAR 13.76 (+1%) after announcing Q4 financial results and cash dividend for H2 2023.
GASCO and GO went almost limit up to close at SAR 80.30 and SAR 62.80, respectively.
Maaden, Riyad Bank, Bahri, First Mills, CATRION and Maharah increased between 3% and 7%.
Company Prices
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| SAUDI ELECTRICITY | 19.56 | 0.06 | 0.31 % | - |
| ALRAJHI | 87.90 | 0.90 | 1.03 % | - |
| ANB | 19.19 | 0.52 | 2.81 % | - |
| SABIC | 79.40 | 0.20 | 0.25 % | - |
| SAVOLA GROUP | 29.00 | (1.16) | (3.85 %) | - |
| A.OTHAIM MARKET | 13.76 | 0.10 | 0.73 % | - |
| GO TELECOM | 62.80 | 5.70 | 9.99 % | - |
| SNB | 41.20 | 1.10 | 2.74 % | - |
| SAUDI ARAMCO | 31.05 | (0.30) | (0.96 %) | - |
On the other hand, Saudi Aramco fell 1% to SAR 31.05.
Savola declined 4% to SAR 46.15, with nearly 9 million shares worth more than SAR 400 million traded.
The company’s board of directors recommended increasing its capital by SAR 6 billion through a rights issue. Savola announced its Q4 2023 financial results and plans to list Panda Retail Co. in the future.
Write to Parag Deulgaonkar at parag.d@argaam.com
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings |
|---|---|---|---|---|
| GASCO | 80.30 | 10.00 % | 25.16 | |
| GO TELECOM | 62.80 | 9.99 % | 15.47 | |
| TAKWEEN | 17.18 | 9.07 % | NEG | |
| SAUDI GERMAN HEALTH | 131.40 | 7.53 % | 68.39 | |
| MCDC | 66.52 | 6.75 % | 39.80 | |
| ALMUNAJEM | 99.20 | 6.67 % | 21.09 | |
| THEEB | 71.00 | 5.81 % | 19.06 | |
| BURGERIZZR | 13.60 | 5.75 % | 98.41 | |
| MAADEN | 49.85 | 5.28 % | More than 100 | |
| CHEMICAL | 5.43 | 4.83 % | 39.04 |
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| OBEIKAN GLASS | 2,780.000 | 42,876.000 | 1,442.30 % |
| SAVOLA GROUP | 1,588,471.000 | 13,804,115.000 | 769.02 % |
| MCDC | 208,013.000 | 1,554,599.000 | 647.36 % |
| GASCO | 217,807.000 | 1,459,843.000 | 570.25 % |
| DALLAH HEALTH | 107,483.000 | 632,267.000 | 488.25 % |
| ALHAMMADI | 690,674.000 | 3,968,839.000 | 474.63 % |
| BAHRI | 903,340.000 | 5,086,714.000 | 463.10 % |
| ALMARAI | 940,543.000 | 4,779,598.000 | 408.17 % |
| MAADEN | 2,180,179.000 | 9,792,232.000 | 349.15 % |
| SAUDI GERMAN HEALTH | 753,258.000 | 3,367,893.000 | 347.11 % |
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
| Company | Price | Change 52 Weeks |
|---|---|---|
| SAUDI GERMAN HEALTH | 131.40 | 382.20 % |
| APC | 7.08 | 256.17 % |
| GO TELECOM | 62.80 | 218.13 % |
| RIYADH CABLES | 118.00 | 181.62 % |
| ELM | 952.20 | 152.57 % |
| ALBABTAIN | 30.85 | 106.61 % |
| CHUBB | 28.50 | 104.08 % |
| CHEMICAL | 5.43 | 97.45 % |
| 2P | 14.30 | 88.32 % |
| BUDGET SAUDI | 89.50 | 77.58 % |
| ALMUNAJEM | 99.20 | 68.14 % |
| AZM | 14.30 | 62.50 % |
| AWPT | 156.79 | 57.31 % |
| LUBEREF | 154.60 | 56.64 % |
| GASCO | 80.30 | 55.62 % |
| WALAA | 17.98 | 48.28 % |
| ALYAMAMAH STEEL | 33.20 | 47.56 % |
| ALHAMMADI | 69.00 | 46.81 % |
| BAHRI | 19.97 | 36.14 % |
| SRMG | 229.00 | 25.55 % |
| MCDC | 66.52 | 23.21 % |
| MAADEN | 49.85 | 6.33 % |
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