TASI up 0.1% at 12,352 points, traded value at SAR 6.6B
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 0.1%, or 7 points, higher at 12,352 today, May 2. The total traded value reached about SAR 6.6 billion.
Market Index
Bank AlJazira added 2% to SAR 16.26 after announcing a 47% profit leap year-on-year in Q1 2024.
Raydan, MEDGULF, NCLE, MBC Group, Elm, and Al-Rajhi Takaful gained between 4% and 7%.
Electrical Industries notched the highest close since debut at SAR 5.22 (+6%) after nearly 21 million shares were traded. Year to date, the stock has boosted its gains to over 80%.
Fueled by the company’s announcement of higher-than-expected Q1 2024 earnings, Tawuniya climbed 7%.
Company Prices
| Company | Price | Change | Change (%) | Events | 
|---|---|---|---|---|
| TAWUNIYA | 160.80 | 10.00 | 6.63 % | - | 
| ALRAJHI | 79.80 | (0.10) | (0.13 %) | - | 
| BJAZ | 13.00 | 0.21 | 1.63 % | - | 
| SABIC | 82.50 | (1.30) | (1.55 %) | - | 
| SASCO | 69.60 | (3.00) | (4.13 %) | - | 
| SNB | 36.20 | (1.05) | (2.82 %) | - | 
| SAUDI ARAMCO | 29.95 | (0.10) | (0.33 %) | - | 
| EIC | 5.22 | 0.28 | 5.67 % | - | 
| MARAFIQ | 63.50 | (3.50) | (5.22 %) | - | 
| Al RAJHI REIT | 8.68 | 0.12 | 1.40 % | - | 
On the other hand, SNB finished 3% lower at SAR 36.20 following the ex-date.
SABIC shed 2% to SAR 82.50. The company announced on May 1 a 62% slump in the first-quarter net earnings to SAR 250 million.
Meanwhile, MARAFIQ dropped 5% to SAR 63.50. SASCO also ended 4% down at SAR 81.20 after the Q1 2024 earnings announcement.
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings | 
|---|---|---|---|---|
| SAUDI DARB | 1.93 | 7.66 % | More than 100 | |
| RAYDAN | 30.90 | 7.29 % | NEG | |
| TAWUNIYA | 160.80 | 6.63 % | 32.82 | |
| EIC | 5.22 | 5.67 % | 24.35 | |
| MEDGULF | 29.45 | 5.56 % | 20.20 | |
| NCLE | 155.60 | 4.57 % | 62.55 | |
| ALRAJHI TAKAFUL | 137.20 | 4.26 % | 41.82 | |
| MBC GROUP | 55.80 | 3.91 % | 23.31 | |
| ACIG | 19.82 | 3.88 % | 15.63 | |
| ELM | 942.00 | 3.63 % | 55.57 | 
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change | 
|---|---|---|---|
| OBEIKAN GLASS | 173,327.00 | 1,001,599.00 | 477.87 % | 
| BURGERIZZR | 29,434.00 | 138,097.00 | 369.18 % | 
| YAQEEN PETROCHEMICAL ETF | 4,376.00 | 16,706.00 | 281.76 % | 
| RAYDAN | 262,160.00 | 944,058.00 | 260.11 % | 
| SICO SAUDI REIT | 345,213.00 | 1,180,749.00 | 242.03 % | 
| EIC | 8,111,434.00 | 21,086,850.00 | 159.96 % | 
| ALBILAD GOLD ETF | 46,635.00 | 118,904.00 | 154.97 % | 
| ALINMA GOVERNMENT SUKUK ETF | 2,137.00 | 5,147.00 | 140.85 % | 
| TAWUNIYA | 234,788.00 | 564,269.00 | 140.33 % | 
| FIRST MILLS | 626,494.00 | 1,434,764.00 | 129.01 % | 
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
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