TASI rises 0.2% to 12,631 points, turnover at SAR 13B
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 0.2%, or 19 points, higher at 12,631 points today, Feb. 29.
Total turnover reached nearly SAR 13 billion.
Market Index
ACWA Power closed an all-time high at SAR 264 (+2%), with about 1.3 million shares traded. The company’s Q4 2023 results were higher-than-market estimates, in addition to the announcement of cash dividend and bonus issue.
Al Rajhi Takaful and Zahrat Al Waha closed at SAR 84.70 (+10%) and SAR 42.40 (+6%) following the announcement of Q4 2023 financial results.
Avalon Pharma jumped 30% for the third consecutive session to SAR 179.80, with about 2.6 million shares traded. The share prices are up 120% compared to the listing price of SAR 82.
Luberef rose 4% to SAR 168, recording the highest close since its debut on the market.
Company Prices
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| ALRAJHI | 89.00 | 0.00 | 0.00 % | - |
| SABIC | 78.80 | (0.20) | (0.25 %) | - |
| ALRAJHI TAKAFUL | 84.70 | 7.70 | 10.00 % | - |
| SNB | 42.35 | 0.00 | 0.00 % | - |
| SAUDI ARAMCO | 31.70 | (0.20) | (0.63 %) | - |
| ACWA POWER | 261.39 | 5.94 | 2.33 % | - |
| ALKATHIRI | 2.92 | 0.01 | 0.34 % | - |
| OASIS | 42.40 | 2.40 | 6.00 % | - |
| ATAA | 78.80 | (3.20) | (3.90 %) | - |
| ALSAIF GALLERY | 10.22 | (0.04) | (0.39 %) | - |
On the other hand, Saudi Aramco fell 1% to SAR 31.70.
Bank Albilad, Riyad Bank, Maaden, Sulaiman Al Habib, SIIG and Sipchem declined between 1% and 2%.
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 | 179.80 | 29.91 % | 29.54 | |
| ALRAJHI TAKAFUL | 84.70 | 10.00 % | 25.82 | |
| SASCO | 80.82 | 8.77 % | 54.58 | |
| 2P | 17.50 | 8.19 % | 39.14 | |
| AYYAN | 26.10 | 8.13 % | NEG | |
| JAHEZ | 35.70 | 7.69 % | 63.99 | |
| GIG | 35.60 | 6.59 % | 14.54 | |
| OASIS | 42.40 | 6.00 % | 28.16 | |
| EIC | 4.21 | 4.99 % | 26.11 | |
| MESC | 25.25 | 4.60 % | 26.47 |
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| PETRO RABIGH | 2,708,491.00 | 48,159,856.00 | 1,678.11 % |
| TASNEE | 2,920,497.00 | 37,482,780.00 | 1,183.44 % |
| OASIS | 201,961.00 | 1,650,343.00 | 717.16 % |
| SFICO | 79,978.00 | 514,742.00 | 543.60 % |
| ALBILAD | 2,175,707.00 | 12,490,666.00 | 474.10 % |
| ACWA POWER | 365,421.00 | 2,002,463.00 | 447.99 % |
| ALKATHIRI | 2,971,998.00 | 15,674,325.00 | 427.40 % |
| ADES | 8,079,417.00 | 42,362,362.00 | 424.32 % |
| AYYAN | 2,150,931.00 | 10,446,812.00 | 385.69 % |
| GAS | 14,077.00 | 66,507.00 | 372.45 % |
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
| Company | Price | Change 52 Weeks |
|---|---|---|
| SALAMA | 22.55 | 198.35 % |
| ASTRA INDUSTRIAL | 169.00 | 195.97 % |
| SASCO | 80.82 | 163.04 % |
| SPM | 60.36 | 159.37 % |
| MESC | 25.25 | 143.73 % |
| ALKHALEEJ TRNG | 36.20 | 132.35 % |
| MEDGULF | 18.18 | 117.46 % |
| ALRAJHI TAKAFUL | 84.70 | 110.07 % |
| TAWUNIYA | 162.00 | 102.51 % |
| 2P | 17.50 | 100.00 % |
| AYYAN | 26.10 | 93.24 % |
| GULF UNION ALAHLIA | 17.40 | 90.58 % |
| ACWA POWER | 261.39 | 87.23 % |
| ENAYA | 17.34 | 78.76 % |
| ALYAMAMAH STEEL | 35.50 | 62.84 % |
| GASCO | 85.60 | 61.81 % |
| LUBEREF | 168.00 | 56.13 % |
| SAICO | 17.30 | 44.41 % |
| WATANIYA | 23.32 | 43.60 % |
| AMANA INSURANCE | 13.62 | 37.58 % |
| GIG | 35.60 | 33.67 % |
| OASIS | 42.40 | 30.86 % |
| MCDC | 72.54 | 29.79 % |
| SRMG | 247.00 | 27.98 % |
| SABI QUANT ETF | 49.30 | 20.98 % |
| EXTRA | 95.50 | 19.52 % |
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