21/02/2024 Argaam
AI Summary
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 0.2%, or 60 points, higher at 12,634 points today, Feb. 21, recording the highest close since August 2022.
Total turnover reached nearly SAR 8.6 billion.
Based on the available data, the benchmark continued to rise for the 15th straight session, recording the most extended series of gains in its history. Total gains reached about 840 points.
The market will remain closed tomorrow, Feb. 22, as the Kingdom of Saudi Arabia celebrates its founding day. Trading activities will resume on Feb. 25.
Saudi Aramco rose 1% to SAR 32.
Amiantit went limit up to SAR 26.60 after shareholders approved an increase in capital through a rights offering.
Thob Al Aseel climbed 3% to SAR 4.65 following the company’s financial results and cash dividend.
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| ETIHAD ETISALAT | 54.800 | (0.700) | (1.26 %) | - |
| ALRAJHI | 90.600 | (0.100) | (0.11 %) | - |
| AMIANTIT | 26.600 | 2.380 | 9.83 % | - |
| SABIC | 79.100 | (0.300) | (0.38 %) | - |
| KINGDOM | 7.050 | 0.010 | 0.14 % | - |
| SNB | 42.650 | 0.450 | 1.07 % | - |
| SAUDI ARAMCO | 32.000 | 0.350 | 1.11 % | - |
| ALASEEL | 4.650 | 0.140 | 3.10 % | - |
| JADWA REIT ALHARAMAIN | 6.810 | 0.160 | 2.41 % | - |
On the other hand, Etihad Etisalat closed at SAR 54.80 (-1%). The company reported a Q4 2023 profit of SAR 745.9 million, beating market estimates.
stc, Riyad Bank, Maaden, Jarir, Elm, Saudi Budget, AlOthaim and Extra fell between 1% and 4%.
Jadwa REIT Al Haramain rose 2% to close at SAR 6.81 after announcing a cash dividend to unitholders.
Write to Parag Deulgaonkar at parag.d@argaam.com
| Company | 52 Weeks Range | Price | Change | Price Earnings |
|---|---|---|---|---|
| AMIANTIT | 26.60 | 9.83 % | NEG | |
| SAUDI DARB | 2.06 | 7.17 % | More than 100 | |
| SALAMA | 22.10 | 4.89 % | 12.92 | |
| GO TELECOM | 101.80 | 4.41 % | 16.79 | |
| BAAN | 2.96 | 4.23 % | NEG | |
| SSP | 38.85 | 4.16 % | 15.60 | |
| TAWUNIYA | 151.60 | 3.84 % | 16.61 | |
| MEPCO | 46.60 | 3.56 % | NEG | |
| LUBEREF | 164.80 | 3.39 % | 13.88 | |
| ALASEEL | 4.65 | 3.10 % | 24.18 |
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| NGC | 335,579.000 | 2,011,717.000 | 499.48 % |
| SSP | 842,492.000 | 4,604,280.000 | 446.51 % |
| SPIMACO | 648,306.000 | 2,388,758.000 | 268.46 % |
| TAKWEEN | 715,951.000 | 2,463,099.000 | 244.03 % |
| ALASEEL | 2,758,617.000 | 9,056,598.000 | 228.30 % |
| JOUF CEMENT | 169,917.000 | 549,768.000 | 223.55 % |
| JADWA REIT ALHARAMAIN | 120,275.000 | 385,129.000 | 220.21 % |
| GACO | 480,791.000 | 1,482,672.000 | 208.38 % |
| WAFRAH | 730,206.000 | 2,239,655.000 | 206.72 % |
| DAR ALARKAN | 6,081,451.000 | 15,720,642.000 | 158.50 % |
| More | |||
| Company | Price | Change 52 Weeks |
|---|---|---|
| ALBABTAIN | 32.90 | 124.14 % |
| ALKHALEEJ TRNG | 33.25 | 113.14 % |
| AMIANTIT | 26.60 | 108.66 % |
| TAWUNIYA | 151.60 | 104.64 % |
| SAVOLA GROUP | 36.19 | 103.89 % |
| ALRAJHI TAKAFUL | 74.00 | 87.25 % |
| LUBEREF | 164.80 | 56.36 % |
| BAHRI | 22.12 | 54.46 % |
| MEPCO | 46.60 | 53.29 % |
| ALINMA | 35.60 | 52.92 % |
| BUPA ARABIA | 233.60 | 52.48 % |
| SULAIMAN ALHABIB | 336.60 | 41.07 % |
| LAZURDE | 17.16 | 32.20 % |
| BAAN | 2.96 | 28.92 % |
| SRMG | 243.00 | 28.57 % |
| ALBILAD | 33.40 | 24.01 % |
| YAQEEN 30 ETF | 52.50 | 16.80 % |
| SABI QUANT ETF | 48.98 | 13.64 % |
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| Company | Event |
|---|---|
| AMANA INSURANCE | General Assembly |
| American Petroleum Institute | Reports |
| US Federal | Important meetings and events |
| ADVANCED | General Assembly |
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