TASI rises 0.4% to 12,260 points, total turnover at SAR 7B
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) rose 0.4%, or 43 points, to close at 12,260 points today, May 13.
Total turnover reached about SAR 7 billion.
                Market Index
SABIC and Saudi National Bank each rose nearly 1%.
ACWA Power gained 6% to SAR 409.20.
ADES, SGS, Riyadh Cables and City Cement rose between 1% and 5 % after the announcement of their Q1 2024 financial results.
ACIG was the top gainer, rising nearly 10 % to SAR 20.18.
                Company Prices
| Company | Price | Change | Change (%) | Events | 
|---|---|---|---|---|
| ALRAJHI | 78.90 | (0.10) | (0.13 %) | - | 
| SAUDI CEMENT | 45.55 | 0.30 | 0.66 % | - | 
| YCC | 29.90 | 0.90 | 3.10 % | - | 
| FIPCO | 53.90 | (1.50) | (2.71 %) | - | 
| SABIC | 80.80 | 0.80 | 1.00 % | - | 
| SALAMA | 25.23 | (1.32) | (4.97 %) | - | 
| UCA | 12.22 | (0.56) | (4.38 %) | - | 
| ACIG | 20.18 | 1.82 | 9.91 % | - | 
| BURUJ | 21.00 | (0.90) | (4.11 %) | - | 
| A.OTHAIM MARKET | 12.52 | (0.20) | (1.57 %) | - | 
| ALSAGR INSURANCE | 20.90 | (0.79) | (3.65 %) | - | 
| ALETIHAD | 19.80 | (2.20) | (9.98 %) | - | 
| MEDGULF | 27.90 | (3.10) | (10.00 %) | - | 
| SAICO | 17.86 | (1.98) | (9.98 %) | - | 
| CITY CEMENT | 20.34 | 0.34 | 1.70 % | - | 
| DALLAH HEALTH | 168.60 | 1.60 | 0.96 % | - | 
| GULF GENERAL | 14.40 | (1.60) | (10.00 %) | - | 
| WATANIYA | 29.25 | (0.05) | (0.17 %) | - | 
| AMANA INSURANCE | 13.26 | (0.20) | (1.49 %) | - | 
| ENAYA | 16.10 | (1.00) | (5.85 %) | - | 
| JAZIRA TAKAFUL | 18.36 | (0.54) | (2.86 %) | - | 
| SNB | 35.90 | 0.20 | 0.56 % | - | 
| SGS | 53.90 | 0.60 | 1.13 % | - | 
| SAUDI ARAMCO | 29.95 | 0.00 | 0.00 % | - | 
| RIYADH CABLES | 100.80 | 4.70 | 4.89 % | - | 
| ARABIAN DRILLING | 147.40 | (5.60) | (3.66 %) | - | 
| ALMUNAJEM | 117.00 | (8.40) | (6.70 %) | - | 
| ADES | 18.04 | 0.32 | 1.81 % | - | 
On the other hand, MEDGULF, Gulf General, SAICO, and Al-Etihad Insurance fell following the announcement of Q1 2024 financials.
Arabian Drilling fell more than 3 % to SAR 147.40 after the Q1 profits came below estimates.
Write to Parag Deulgaonkar at parag.d@argaam.com
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings | 
|---|---|---|---|---|
| ACIG | 20.18 | 9.91 % | 11.89 | |
| ALJOUF | 62.00 | 7.83 % | 24.86 | |
| ACWA POWER | 405.97 | 5.74 % | More than 100 | |
| SENAAT | 21.10 | 4.98 % | NEG | |
| RIYADH CABLES | 100.80 | 4.89 % | 26.77 | |
| BATIC | 3.67 | 3.97 % | NEG | |
| AMERICANA | 3.20 | 3.23 % | 31.34 | |
| OBEIKAN GLASS | 49.50 | 3.13 % | 23.41 | |
| YCC | 29.90 | 3.10 % | 37.02 | |
| SRMG | 249.80 | 2.97 % | 35.71 | 
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change | 
|---|---|---|---|
| ALJOUF | 318,749.00 | 2,803,443.00 | 779.51 % | 
| ARTEX | 507,091.00 | 3,785,353.00 | 646.48 % | 
| ALBILAD SOVEREIGN SUKUK ETF | 155,401.00 | 1,150,584.00 | 640.40 % | 
| TANMIAH | 209,471.00 | 702,345.00 | 235.29 % | 
| SADAFCO | 36,371.00 | 116,632.00 | 220.67 % | 
| ACC | 116,394.00 | 367,067.00 | 215.37 % | 
| YC | 361,714.00 | 1,119,834.00 | 209.59 % | 
| SPIMACO | 1,066,159.00 | 3,001,054.00 | 181.48 % | 
| ALBILAD US ETF | 4,752.00 | 13,356.00 | 181.06 % | 
| QACCO | 42,737.00 | 116,738.00 | 173.15 % | 
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
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        Sector Closure
Sector
                    Value
                    
                        Change
                    
                    
                        Change (%)
                    
                Most Active Companies
Name
                Price
                Change (value)Change (%)
            Brent Crude Oil
                    64.62
                    
                        (0.08)
                        (0.12 %)
                    
                Nymex
                    60.90
                    
                        0.38
                        0.63 %
                    
                Natural Gas
                    4.11
                    
                        0.06
                        1.38 %
                    
                Gold
                    3,997.61
                    
                        (26.35)
                        (0.65 %)
                    
                Silver
                    48.55
                    
                        (0.25)
                        (0.50 %)
                    
                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
                    2,023.00
                    
                        1.00
                        0.05 %
                    
                Zinc
                    3,048.50
                    
                        5.50
                        0.18 %
                    
                Steel
                    825.00
                    
                        0.00
                        0.00 %
                    
                Wheat (CBOT)
                    532.25
                    
                        7.60
                        1.45 %
                    
                Corn (CBOT)
                    431.50
                    
                        1.20
                        0.28 %
                    
                Coffee (ICEUS)
                    392.05
                    
                        0.05
                        0.01 %
                    
                Whole Milk Powder
                        4,150.00
                        
                            (200.00)
                            (4.82 %)
                        
                    Skim Milk Powder
                        2,500.00
                        
                            (50.00)
                            (2.00 %)
                        
                    Refining margins
                        18.06
                        
                            2.70
                            17.58 %
                        
                    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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