TASI falls 0.6% to 12,106 points, total turnover at SAR 6.8B
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) fell 0.6%, or 69 points, to close at 12,106 points today, July 23.
Total turnover reached about SAR 6.8 billion.
Market Index
Saudi Aramco and Saudi National Bank fell 1% to SAR 28.10 and SAR 37.50, respectively.
SABIC, SABIC AN, Saudi Awwal Bank, Yanbu Cement and Care declined between 1% and 3%.
Mobily declined to SAR 52.70 (-2%) despite recording a 33% increase in Q2 2024 profit.
Miahona was the top decliner, falling more than 6%.
                Company Prices
| Company | Price | Change | Change (%) | Events | 
|---|---|---|---|---|
| ETIHAD ETISALAT | 52.70 | (1.20) | (2.23 %) | - | 
| ALRAJHI | 83.70 | (0.60) | (0.71 %) | - | 
| SABIC | 77.80 | (0.70) | (0.89 %) | - | 
| KINGDOM | 7.86 | 0.71 | 9.93 % | - | 
| SOLUTIONS | 291.60 | 10.00 | 3.55 % | - | 
| SNB | 37.50 | (0.40) | (1.06 %) | - | 
| SAUDI ARAMCO | 28.10 | (0.30) | (1.06 %) | - | 
| ACWA POWER | 385.93 | 7.94 | 2.10 % | - | 
| FIRST MILLS | 73.80 | (0.60) | (0.81 %) | - | 
Meanwhile, solutions rose nearly 4% following the announcement of Q2 2024 results.
Kingdom Holding and Sumou were among the top gainers.
Write to Parag Deulgaonkar at parag.d@argaam.com
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings | 
|---|---|---|---|---|
| SUMOU | 47.95 | 9.98 % | 14.70 | |
| KINGDOM | 7.86 | 9.93 % | 28.05 | |
| 2P | 15.96 | 4.04 % | 35.41 | |
| NAYIFAT | 12.62 | 3.78 % | 20.62 | |
| GULF UNION ALAHLIA | 20.98 | 3.76 % | 8.25 | |
| EIC | 6.36 | 3.75 % | 29.67 | |
| SOLUTIONS | 291.60 | 3.55 % | 25.82 | |
| SSP | 71.00 | 3.20 % | 16.25 | |
| ALBILAD US TECH ETF | 17.22 | 2.68 % | - | |
| LEEJAM SPORTS | 232.80 | 2.56 % | 31.45 | 
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change | 
|---|---|---|---|
| KINGDOM | 187,263.00 | 2,716,175.00 | 1,350.46 % | 
| SUMOU | 193,264.00 | 1,752,639.00 | 806.86 % | 
| ALBILAD US TECH ETF | 9,347.00 | 83,049.00 | 788.51 % | 
| NAYIFAT | 181,495.00 | 1,602,055.00 | 782.70 % | 
| ALBILAD SAUDI GROWTH ETF | 14,286.00 | 68,793.00 | 381.54 % | 
| SOLUTIONS | 200,162.00 | 905,905.00 | 352.59 % | 
| RIYADH CEMENT | 205,876.00 | 793,393.00 | 285.37 % | 
| THEEB | 103,760.00 | 399,666.00 | 285.18 % | 
| NCLE | 70,758.00 | 264,416.00 | 273.69 % | 
| MRNA | 106,571.00 | 369,120.00 | 246.36 % | 
| 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
                    
                        0.32
                        0.53 %
                    
                Natural Gas
                    4.09
                    
                        0.03
                        0.81 %
                    
                Gold
                    3,998.56
                    
                        (25.40)
                        (0.63 %)
                    
                Silver
                    48.50
                    
                        (0.41)
                        (0.85 %)
                    
                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
                    3,049.50
                    
                        6.50
                        0.21 %
                    
                Steel
                    825.00
                    
                        0.00
                        0.00 %
                    
                Wheat (CBOT)
                    534.00
                    
                        9.60
                        1.83 %
                    
                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"
                    -
                        
                            -
                            -
                        
                LPG (mt) ($)
                    -
                        
                            -
                            -
                        
                Fujairah Fuel Pric (mt) ($)
                    -
                        
                            -
                            -
                        
                VLCC "TC/1Year" ($)
                    -
                        
                            -
                            -
                        
                
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