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TASI falls 0.6% to 12,555 points, turnover at SAR 8.2B
03/03/2024
Argaam
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Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 0.6%, or 76 points, lower at 12,555 points today, March 3.
Total turnover reached nearly SAR 8.2 billion.
Market Index
Al Rajhi Bank declined 1% to SAR 87.70.
Zain KSA fell more than 6% to SAR 13.96, with about 50 million shares traded, the highest since 2015. The total value of the shares traded exceeded SAR 700 million.
The telecom company released its Q4 2023 financials and announced a cash dividend of SAR 0.50 per share.
Umm Al-Qura Cement declined 2% to SAR 15.78 after the company reported losses of SAR 6.1 million in Q4 2023.
Hail Cement closed at SAR 11.64 (-4%) after going ex-dividend today.
Company Prices
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| ALRAJHI | 87.70 | (1.30) | (1.46 %) | - |
| SABIC | 78.20 | (0.60) | (0.76 %) | - |
| SADAFCO | 380.40 | 0.00 | 0.00 % | - |
| HCC | 11.64 | (0.50) | (4.12 %) | - |
| ZAIN KSA | 13.96 | (0.94) | (6.31 %) | - |
| BAWAN | 48.90 | (1.50) | (2.98 %) | - |
| UACC | 15.78 | (0.28) | (1.74 %) | - |
| SNB | 41.85 | (0.50) | (1.18 %) | - |
| SAUDI ARAMCO | 31.55 | (0.15) | (0.47 %) | - |
| JADWA REIT ALHARAMAIN | 6.79 | (0.08) | (1.16 %) | - |
| NAQI | 77.80 | (1.20) | (1.52 %) | - |
On the other hand, Al Rajhi Takaful and Saudi Steel Pipe went almost limit up to SAR 93.10 and SAR 54, recording the highest close since listing.
Avalon Pharma rose to SAR 193.40 (+8%), with nearly 4.2 million shares worth SAR 800 million traded.
Jadwa REIT Al Haramain closed at SAR 6.79 (-1%) after going ex-dividend.
Write to Parag Deulgaonkar at parag.d@argaam.com
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings |
|---|---|---|---|---|
| ALRAJHI TAKAFUL | 93.10 | 9.92 % | 28.38 | |
| SSP | 54.00 | 9.87 % | 15.91 | |
| JAHEZ | 38.45 | 7.70 % | 68.92 | |
| AVALON PHARMA | 193.40 | 7.56 % | 26.38 | |
| ALDREES | 143.61 | 6.10 % | 51.14 | |
| MAHARAH | 7.73 | 5.89 % | 26.12 | |
| RIYADH CABLES | 117.00 | 4.46 % | 35.75 | |
| SPIMACO | 39.85 | 4.46 % | NEG | |
| MEPCO | 46.00 | 4.19 % | NEG | |
| APC | 9.11 | 4.00 % | 13.79 |
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| ZAIN KSA | 4,196,915.00 | 50,141,011.00 | 1,094.71 % |
| SFICO | 82,011.00 | 344,346.00 | 319.88 % |
| SSP | 1,258,373.00 | 4,524,515.00 | 259.55 % |
| OBEIKAN GLASS | 4,683.00 | 16,817.00 | 259.11 % |
| JAZIRA TAKAFUL | 275,615.00 | 813,171.00 | 195.04 % |
| FITAIHI GROUP | 2,951,238.00 | 8,690,309.00 | 194.46 % |
| OASIS | 213,248.00 | 616,933.00 | 189.30 % |
| EXTRA | 566,805.00 | 1,617,817.00 | 185.43 % |
| AYYAN | 2,270,335.00 | 6,207,829.00 | 173.43 % |
| FIRST MILLS | 536,567.00 | 1,456,632.00 | 171.47 % |
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
| Company | Price | Change 52 Weeks |
|---|---|---|
| APC | 9.11 | 361.34 % |
| SASCO | 82.02 | 169.96 % |
| SPM | 61.55 | 165.49 % |
| SSP | 54.00 | 164.19 % |
| EAST PIPES | 122.00 | 155.50 % |
| MESC | 25.40 | 146.12 % |
| ALKHALEEJ TRNG | 37.45 | 137.33 % |
| ALBABTAIN | 35.00 | 136.72 % |
| ALRAJHI TAKAFUL | 93.10 | 132.75 % |
| ALDREES | 143.61 | 125.18 % |
| MEDGULF | 18.30 | 121.01 % |
| 2P | 17.90 | 102.95 % |
| AYYAN | 26.56 | 95.56 % |
| TADAWUL GROUP | 247.00 | 71.05 % |
| WALAA | 18.90 | 64.72 % |
| ALYAMAMAH STEEL | 35.55 | 64.13 % |
| GASCO | 86.50 | 61.68 % |
| ALBILAD US TECH ETF | 15.76 | 50.67 % |
| GIG | 36.20 | 34.71 % |
| OASIS | 42.80 | 32.10 % |
| SRMG | 253.40 | 30.75 % |
| EXTRA | 98.20 | 23.06 % |
| BATIC | 2.64 | 17.54 % |
| JAHEZ | 38.45 | 13.32 % |
| ALBILAD GOLD ETF | 11.13 | 10.86 % |
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Calendar
| Company | Event |
|---|---|
| SABIC | Cash Dividend Distribution |
| RAOOM | Ex-dividend Date |
| American Petroleum Institute | Reports |
| OBEIKAN GLASS | Ex-dividend Date |
| SAL | Cash Dividend Distribution |
| EQUIPMENT HOUSE | Ex-dividend Date |
| EQUIPMENT HOUSE | General Assembly |
Sector Closure
Sector
Value
Change
Change (%)
Most Active Companies
Name
Price
Change (value)Change (%)
Brent Crude Oil
66.65
0.46
0.69 %
Nymex
62.81
0.45
0.72 %
Natural Gas
3.13
(0.01)
(0.23 %)
Gold
3,646.45
11.53
0.32 %
Silver
41.30
(0.02)
(0.04 %)
High Grade Copper
4.48
(0.01)
(0.30 %)
Iron Ore
102.03
(0.38)
(0.37 %)
Aluminum
2,545.75
(8.00)
(0.31 %)
LEAD
1,989.50
(0.50)
(0.03 %)
Zinc
2,863.50
(9.50)
(0.33 %)
Steel
825.00
0.00
0.00 %
Wheat (CBOT)
561.00
(1.20)
(0.21 %)
Corn (CBOT)
421.00
(1.00)
(0.24 %)
Coffee (ICEUS)
384.85
11.20
3.02 %
Whole Milk Powder
4,912.50
(37.50)
(0.76 %)
Skim Milk Powder
2,787.50
0.00
0.00 %
Refining margins
14.25
(0.69)
(4.62 %)
VLCC "Spot"
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LPG (mt) ($)
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Fujairah Fuel Pric (mt) ($)
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VLCC "TC/1Year" ($)
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