TASI rises for 12 consecutive sessions, closes above 12,500
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 0.1%, or 17 points, higher at 12,502 points today, Feb. 18, recording the highest close since August 2022.
Total turnover reached nearly SAR 9.2 billion.
The benchmark continued to rise for the 12th consecutive session, recording gains of about 700 points.
Market Index
NADEC went almost limit up to close at SAR 35.30, recording the highest close since listing. Nearly 5.4 million shares were traded. The company reported a Q4 2023 net profit of about SAR 124 million, higher than estimates.
Savola Group, Almarai, Jabal Omar, Arab National Bank, and Yamama Cement increased between 1% and 4%.
Bahri closed at SAR 26.35 (+6%).
SAIB rose more than 4% to SAR 16.88 after the bank announced a cash dividend and a bonus issue.
Company Prices
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| NADEC | 35.30 | 3.20 | 9.97 % | - |
| ALRAJHI | 59.67 | (0.13) | (0.22 %) | - |
| SAIB | 13.50 | 0.53 | 4.07 % | - |
| SABIC | 79.00 | 0.00 | 0.00 % | - |
| SAUDI KAYAN | 9.79 | 0.28 | 2.94 % | - |
| GIG | 32.65 | 0.35 | 1.08 % | - |
| SOLUTIONS | 372.80 | (20.80) | (5.28 %) | - |
| SNB | 41.45 | (0.50) | (1.19 %) | - |
| SAUDI ARAMCO | 31.95 | 0.00 | 0.00 % | - |
| SULAIMAN ALHABIB | 321.00 | 1.00 | 0.31 % | - |
On the other hand, Saudi National Bank declined more than 1% to SAR 41.45.
solutions fell 5% to SAR 372.80 after Q4 2023 profit declined 17.8% year-on-year to SAR 162 million.
Write to Parag Deulgaonkar at parag.d@argaam.com
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings |
|---|---|---|---|---|
| NADEC | 35.30 | 9.97 % | 35.25 | |
| DWF | 146.60 | 9.90 % | NEG | |
| GO TELECOM | 106.00 | 9.84 % | 18.51 | |
| AMIANTIT | 24.65 | 6.81 % | NEG | |
| BAHRI | 21.08 | 5.74 % | 12.06 | |
| MESC | 23.56 | 5.65 % | 19.26 | |
| SAUDI CERAMICS | 23.57 | 5.56 % | NEG | |
| EQUIPMENT HOUSE | 55.00 | 5.36 % | 41.19 | |
| ALAMAR | 102.40 | 5.13 % | 45.04 | |
| SIDC | 23.86 | 5.04 % | NEG |
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| AYYAN | 1,482,599.00 | 16,801,383.00 | 1,033.24 % |
| SIDC | 215,677.00 | 1,356,044.00 | 528.74 % |
| CITY CEMENT | 410,138.00 | 2,276,829.00 | 455.14 % |
| HERFY FOODS | 184,686.00 | 998,958.00 | 440.90 % |
| NGC | 299,587.00 | 1,520,205.00 | 407.43 % |
| NAMA CHEMICALS | 207,418.00 | 876,598.00 | 322.62 % |
| ARABIAN SHIELD | 806,680.00 | 3,360,320.00 | 316.56 % |
| SAUDI KAYAN | 2,849,791.00 | 11,656,084.00 | 309.02 % |
| BCI | 141,219.00 | 573,803.00 | 306.32 % |
| SAUDI CERAMICS | 878,261.00 | 3,431,123.00 | 290.67 % |
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
| Company | Price | Change 52 Weeks |
|---|---|---|
| GO TELECOM | 106.00 | 436.97 % |
| EIC | 3.98 | 252.74 % |
| NADEC | 35.30 | 205.48 % |
| ELM | 1,033.80 | 164.40 % |
| EAST PIPES | 111.00 | 126.53 % |
| MESC | 23.56 | 124.38 % |
| NCLE | 175.80 | 103.24 % |
| ALKHALEEJ TRNG | 31.70 | 100.13 % |
| SAVOLA GROUP | 34.62 | 94.01 % |
| SEERA | 34.00 | 88.26 % |
| MEDGULF | 16.36 | 87.19 % |
| CATRION | 138.40 | 78.12 % |
| AYYAN | 23.46 | 74.83 % |
| BUDGET SAUDI | 67.15 | 66.91 % |
| AZM | 14.74 | 65.80 % |
| NASEEJ | 65.30 | 52.21 % |
| BAHRI | 21.08 | 45.57 % |
| MEPCO | 44.05 | 42.56 % |
| SINAD HOLDING | 14.50 | 38.89 % |
| SAICO | 16.54 | 38.76 % |
| SULAIMAN ALHABIB | 321.00 | 32.10 % |
| MCDC | 71.30 | 31.06 % |
| JAZADCO | 16.52 | 23.10 % |
| LAZURDE | 15.90 | 21.75 % |
| TAIBA | 16.77 | 21.28 % |
| ALBILAD | 32.23 | 17.35 % |
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