TASI falls 1.4% to 12,284 points, total turnover at SAR 7.3B
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) fell 1.4%, or 176 points, to close at 12,284 points today, May 9.
Total turnover reached about SAR 7.3 billion.
Market Index
Al Rajhi Bank fell 1% to SAR 79.50.
Advanced closed at SAR 40.05 (-3%). The company reported losses of SAR 58 million in Q1 2024, contrary to market estimates.
ACWA Power declined 7% to SAR 406.20 amid profit taking.
Aldrees, Savola, MBC Group, SADAFCO, SASCO, Al Akaria, SRMG and Budget Saudi fell between 3% and 6%.
Gulf Union Alahlia went limit down to close at SAR 22.68.
Company Prices
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| ALRAJHI | 79.50 | (0.80) | (1.00 %) | - |
| SAUDI CABLE | 74.60 | (1.60) | (2.10 %) | - |
| GASCO | 86.50 | (1.70) | (1.93 %) | - |
| SABIC | 80.00 | (1.40) | (1.72 %) | - |
| SIIG | 22.98 | (0.27) | (1.16 %) | - |
| ARDCO | 24.10 | 0.54 | 2.29 % | - |
| LIVA | 20.90 | (1.00) | (4.57 %) | - |
| ARABIAN SHIELD | 23.00 | (1.60) | (6.50 %) | - |
| SPPC | 14.80 | (0.20) | (1.33 %) | - |
| ADVANCED | 40.05 | (1.20) | (2.91 %) | - |
| GULF UNION ALAHLIA | 22.68 | (2.52) | (10.00 %) | - |
| ALKHALEEJ TRNG | 36.60 | (0.65) | (1.74 %) | - |
| SAUDI RE | 19.24 | 0.41 | 2.17 % | - |
| SNB | 35.90 | (0.05) | (0.14 %) | - |
| SAUDI ARAMCO | 29.85 | (0.10) | (0.33 %) | - |
| RETAL | 9.30 | 0.47 | 5.32 % | - |
| JAMJOOM PHARMA | 140.00 | 1.40 | 1.01 % | - |
| MODERN MILLS | 54.40 | 0.20 | 0.37 % | - |
On the other hand, Retal rose more than 5% to SAR 9.30. The company’s profit rose 50% year-on-year.
Saudi Re and Riyadh Development gained 2% to close at SAR 28.20 and SAR 24.10, respectively, following the announcement of Q1 2024 results.
Write to Parag Deulgaonkar at parag.d@argaam.com
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings |
|---|---|---|---|---|
| ALBABTAIN | 45.75 | 7.77 % | 13.94 | |
| RETAL | 9.30 | 5.32 % | 20.84 | |
| TANMIAH | 143.00 | 5.15 % | 37.68 | |
| NOFOTH | 10.25 | 5.13 % | 23.06 | |
| DWF | 136.00 | 4.29 % | NEG | |
| RAOOM | 70.50 | 4.29 % | 15.28 | |
| MIS | 173.00 | 2.85 % | More than 100 | |
| ALMUNAJEM | 127.40 | 2.74 % | 24.32 | |
| ARDCO | 24.10 | 2.29 % | 18.21 | |
| OASIS | 5.13 | 2.19 % | 32.37 |
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| RETAL | 942,937.00 | 4,469,545.00 | 374.00 % |
| ALKHALEEJ TRNG | 1,307,178.00 | 5,478,710.00 | 319.13 % |
| GULF UNION ALAHLIA | 800,554.00 | 3,193,429.00 | 298.90 % |
| OASIS | 4,565,121.00 | 17,025,420.00 | 272.95 % |
| UACC | 195,740.00 | 606,887.00 | 210.05 % |
| SAUDI RE | 1,839,437.00 | 5,568,402.00 | 202.72 % |
| CARE | 107,583.00 | 301,296.00 | 180.06 % |
| ARABIAN SHIELD | 1,360,484.00 | 3,719,185.00 | 173.37 % |
| ACIG | 734,023.00 | 1,953,808.00 | 166.18 % |
| ALETIHAD | 503,160.00 | 1,294,011.00 | 157.18 % |
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
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Calendar
Sector Closure
Sector
Value
Change
Change (%)
Most Active Companies
Name
Price
Change (value)Change (%)
Brent Crude Oil
69.57
2.16
3.18 %
Nymex
65.33
2.09
3.28 %
Natural Gas
3.46
0.15
4.48 %
Gold
4,920.21
(25.02)
(0.50 %)
Silver
85.74
0.53
0.62 %
High Grade Copper
5.86
(0.22)
(3.68 %)
Iron Ore
102.16
(0.50)
(0.49 %)
Aluminum
2,992.50
(61.00)
(2.01 %)
LEAD
1,964.00
3.00
0.15 %
Zinc
3,301.00
(18.50)
(0.56 %)
Steel
974.00
3.00
0.31 %
Wheat (CBOT)
526.00
(2.60)
(0.49 %)
Corn (CBOT)
428.50
0.20
0.05 %
Coffee (ICEUS)
297.85
(3.05)
(1.01 %)
Whole Milk Powder
3,562.50
37.50
1.05 %
Skim Milk Powder
2,525.00
125.00
4.95 %
Refining margins
11.81
1.97
20.02 %
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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