28/02/2024 Argaam
AI Summary
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.
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 | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| ALRAJHI | 89.00 | (0.90) | (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 | 28.59 | 0.35 | 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
| Company | 52 Weeks Range | Price | Change | Price Earnings |
|---|---|---|---|---|
| AVALON PHARMA | 138.40 | 29.83 % | 26.96 | |
| 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 % | 38.52 | |
| CHEMICAL | 5.48 | 6.41 % | 39.40 | |
| SHARQIYAH DEV | 20.12 | 5.45 % | NEG |
| 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 | 647,170.00 | 2,258,506.00 | 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 | |||
| 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 % |
| ZAMIL INDUST | 30.05 | 90.91 % |
| GULF UNION ALAHLIA | 17.18 | 89.42 % |
| ALMUNAJEM | 106.80 | 81.94 % |
| 2P | 16.18 | 81.74 % |
| AYYAN | 24.14 | 78.23 % |
| SHAKER | 28.59 | 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 % |
| SRMG | 243.40 | 29.74 % |
| JAZADCO | 16.84 | 25.67 % |
| BATIC | 2.61 | 17.67 % |
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| Company | Event | ||
|---|---|---|---|
| STC | Cash Dividend Distribution | ||
| ETIHAD ETISALAT | Cash Dividend Distribution | ||
| SABIC | Ex-dividend Date | ||
| SABIC AGRI-NUTRIENTS | Cash Dividend Distribution | ||
| UACC | General Assembly | ||
| SAUDI ARAMCO | Ex-dividend Date | ||
| ELM | Cash Dividend Distribution | ||
| American Petroleum Institute | Reports | ||
| BANAN | Cash Dividend Distribution | ||
| ALAMAR | Ex-dividend Date | ||
| more | |||
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