04/03/2024 Argaam
AI Summary
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 1%, or 121 points, lower at 12,435 points today, March 4.
Total turnover reached nearly SAR 10.5 billion.
Saudi Aramco and Al Rajhi Bank declined 1% to SAR 31.20 and SAR 86.40, respectively.
Seera fell nearly 10% to SAR 29.55 amid trading of nearly 3 million shares. The company terminated the non-binding term sheet with the Public Investment Fund over the proposed investment in its wholly-owned subsidiary, Almosafer Co.
AYYAN, Maharah, Zain KSA, Advanced, Tasnee, Halwani Bros., Tabuk Agricultural and Al Yamamah Steel slipped between 4% and 8%.
Alkhaleej Training closed at SAR 33.75 (-10%), with 3.3 million shares worth SAR 120 million traded.
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| ALRAJHI | 86.40 | (1.30) | (1.48 %) | - |
| SABIC | 77.70 | (0.50) | (0.64 %) | - |
| ALAKARIA | 19.72 | (0.08) | (0.40 %) | - |
| SIPCHEM | 30.50 | 0.00 | 0.00 % | - |
| SEERA | 29.55 | (3.25) | (9.91 %) | - |
| SAUDI RE | 25.70 | (0.05) | (0.19 %) | - |
| SNB | 40.50 | (1.35) | (3.23 %) | - |
| SAUDI ARAMCO | 31.20 | (0.35) | (1.11 %) | - |
| SAL | 295.00 | 14.20 | 5.06 % | - |
On the other hand, SAL rose 5% to SAR 295, recording the highest close since listing, after Qq4 2023 results beat market estimates.
Saudi Ceramic, ACWA Power, SGS, and Saudi Steel Pipes rose by rates ranging between 2 and 6%.
Write to Parag Deulgaonkar at parag.d@argaam.com
| Company | 52 Weeks Range | Price | Change | Price Earnings |
|---|---|---|---|---|
| SAUDI DARB | 2.06 | 7.17 % | More than 100 | |
| SSP | 57.10 | 5.74 % | 16.83 | |
| ACWA POWER | 274.06 | 5.41 % | More than 100 | |
| SAL | 295.00 | 5.06 % | 22.19 | |
| SAUDI CERAMICS | 25.81 | 3.53 % | NEG | |
| TANMIAH | 142.60 | 3.48 % | 37.56 | |
| SGS | 43.80 | 3.42 % | More than 100 | |
| NAHDI | 146.60 | 3.39 % | 22.42 | |
| BAWAN | 50.00 | 2.25 % | 22.05 | |
| ALARABIA | 249.09 | 1.86 % | 43.05 |
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| WATANIYA | 515,461.00 | 4,400,567.00 | 753.71 % |
| ZAIN KSA | 4,611,469.00 | 28,226,457.00 | 512.09 % |
| SSP | 1,340,753.00 | 5,693,180.00 | 324.63 % |
| RIBL | 1,907,398.00 | 7,690,100.00 | 303.17 % |
| SAUDI CERAMICS | 1,119,519.00 | 4,440,688.00 | 296.66 % |
| ALKHALEEJ TRNG | 859,786.00 | 3,342,984.00 | 288.82 % |
| AYYAN | 2,397,989.00 | 8,585,900.00 | 258.05 % |
| FIRST MILLS | 557,166.00 | 1,974,328.00 | 254.35 % |
| NAHDI | 567,587.00 | 1,778,449.00 | 213.34 % |
| PETRO RABIGH | 2,808,579.00 | 8,781,941.00 | 212.68 % |
| More | |||
| Company | Price | Change 52 Weeks |
|---|---|---|
| APC | 9.17 | 333.10 % |
| SSP | 57.10 | 175.05 % |
| ALRAJHI TAKAFUL | 94.10 | 137.63 % |
| ACWA POWER | 274.06 | 96.59 % |
| ALBILAD US TECH ETF | 15.79 | 48.12 % |
| ALBILAD GOLD ETF | 11.19 | 11.23 % |
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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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