TASI edges up 0.1% to 12,611 points, turnover at SAR 8.4B
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 0.1%, or 10 points, higher at 12,611 points today, Feb. 28.
Total turnover reached nearly SAR 8.4 billion.
Market Index
ACWA Power, Riyad Bank, SRMG, Jabal Omar, Banque Saudi Fransi and Tadawul Group increased between 1% and 3%.
Zain KSA rose 5% to SAR 15, with about 14 million shares worth SAR 210 million traded.
SADAFCO climbed 2% to SAR 383. The company announced a cash dividend of SAR 6 per share for the first half ended September 30, 2023.
Astra Industrial closed at SAR 164 (+7%), recording the highest closing since its listing on Tadawul. Nearly 750,000 shares changed hands. The company's Q4 2023 profit rose to SAR 134.3 million, beating market expectations.
The newly-listed Avalon Pharma was the top gainer, surging 30% to close at SAR 138.40.
Company Prices
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| ALRAJHI | 59.34 | (0.60) | (1.00 %) | - |
| SABIC | 79.00 | (0.90) | (1.13 %) | - |
| SADAFCO | 383.00 | 7.80 | 2.08 % | - |
| ASTRA INDUSTRIAL | 164.00 | 10.40 | 6.77 % | - |
| SHAKER | 23.43 | 0.28 | 1.23 % | - |
| SNB | 42.35 | 0.05 | 0.12 % | - |
| SAUDI ARAMCO | 31.90 | (0.05) | (0.16 %) | - |
| SULAIMAN ALHABIB | 331.20 | (0.20) | (0.06 %) | - |
| LUBEREF | 161.60 | (2.80) | (1.70 %) | - |
| RETAL | 9.32 | (0.16) | (1.69 %) | - |
On the other hand, Al Rajhi Bank declined 1% to SAR 89.
Luberef and Retal fell 2% to SAR 161.60 and SAR 9.32, respectively, after releasing Q4 2023 results.
SABIC fell 1% to SAR 79 after announcing a Q4 2023 loss of SAR 1.7 billion.
Write to Parag Deulgaonkar at parag.d@argaam.com
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings |
|---|---|---|---|---|
| AVALON PHARMA | 138.40 | 29.83 % | 42.05 | |
| SFICO | 163.64 | 9.86 % | NEG | |
| HB | 57.70 | 8.26 % | NEG | |
| SSP | 49.50 | 7.73 % | 14.59 | |
| ALMUNAJEM | 106.80 | 7.34 % | 22.71 | |
| SAUDI DARB | 2.06 | 7.17 % | More than 100 | |
| ASTRA INDUSTRIAL | 164.00 | 6.77 % | 27.60 | |
| BINDAWOOD | 7.24 | 6.47 % | 29.93 | |
| CHEMICAL | 5.48 | 6.41 % | 25.26 | |
| SHARQIYAH DEV | 20.12 | 5.45 % | NEG |
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| HB | 130,677.00 | 908,941.00 | 595.56 % |
| SFICO | 72,477.00 | 426,354.00 | 488.26 % |
| SHARQIYAH DEV | 368,360.00 | 2,137,600.00 | 480.30 % |
| BATIC | 7,742,991.00 | 44,440,627.00 | 473.95 % |
| SSP | 1,140,074.00 | 6,106,678.00 | 435.64 % |
| SADR | 3,364,608.00 | 17,864,410.00 | 430.95 % |
| ZAIN KSA | 3,336,954.00 | 14,218,831.00 | 326.10 % |
| TAPRCO | 370,722.00 | 1,293,753.00 | 248.98 % |
| ALKATHIRI | 2,844,525.00 | 9,858,122.00 | 246.56 % |
| FITAIHI GROUP | 2,722,915.00 | 9,296,544.00 | 241.42 % |
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
| Company | Price | Change 52 Weeks |
|---|---|---|
| APC | 8.82 | 344.38 % |
| SALAMA | 22.47 | 197.26 % |
| ASTRA INDUSTRIAL | 164.00 | 175.17 % |
| SSP | 49.50 | 152.81 % |
| EAST PIPES | 121.20 | 152.76 % |
| MESC | 24.14 | 135.28 % |
| MEDGULF | 17.40 | 108.38 % |
| SENAAT | 30.05 | 90.91 % |
| GULF UNION ALAHLIA | 17.18 | 89.42 % |
| ALMUNAJEM | 106.80 | 81.94 % |
| 2P | 14.70 | 81.74 % |
| AYYAN | 24.14 | 78.23 % |
| SHAKER | 23.43 | 75.37 % |
| TADAWUL GROUP | 244.40 | 70.91 % |
| ENAYA | 16.64 | 70.67 % |
| ALYAMAMAH STEEL | 35.00 | 59.67 % |
| BAAN | 3.29 | 47.53 % |
| ALBILAD US TECH ETF | 15.39 | 47.41 % |
| WATANIYA | 22.92 | 42.36 % |
| SAICO | 16.74 | 40.91 % |
| ALWASAIL INDUSTRIAL | 2.66 | 30.91 % |
| SRMG | 243.40 | 29.74 % |
| JAZADCO | 16.84 | 25.67 % |
| BATIC | 2.61 | 17.67 % |
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Calendar
| Company | Event |
|---|---|
| STC | General Assembly |
| SAVOLA GROUP | Ex-dividend Date |
| SAVOLA GROUP | General Assembly |
| ALINMA | Ex-dividend Date |
| FIRST MILLS | Conferences |
| SAL | Conferences |
| E.I.A | Reports |
| ALMASAR ALSHAMIL | Ex-dividend Date |
| ALMASAR ALSHAMIL | General Assembly |
| SNB | Conferences |
Sector Closure
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