TASI rises 1.2% to 12,175 points, total turnover at SAR 6B
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 1.2%, or 149 points, higher at 12,175 points today, July 28.
Total turnover reached about SAR 6 billion.
                Market Index
Al Rajhi Bank rose 3% to SAR 85.80.
Saudi Aramco closed at SAR 28.20 (+1%).
Bahri gained 3% to SAR 28.45 amid trading of about 4 million shares worth more than SAR 110 million. The company’s Q2 2024 profit rose to SAR 733.2 million, an increase of 48% year-on-year. 
Yansab increased more than 2% to SAR 40.40 after profit beat estimates.
Kingdom Holding, Miahona, Zoujaj, SMASCO and Buruj rose between 8% and 10%.
                Company Prices
| Company | Price | Change | Change (%) | Events | 
|---|---|---|---|---|
| ALRAJHI | 85.80 | 2.30 | 2.75 % | - | 
| SABIC | 78.70 | 0.90 | 1.16 % | - | 
| SABIC AGRI-NUTRIENTS | 115.20 | 1.80 | 1.59 % | - | 
| YANSAB | 40.40 | 0.85 | 2.15 % | - | 
| SASCO | 58.60 | (0.20) | (0.34 %) | - | 
| BAHRI | 22.76 | 0.72 | 3.27 % | - | 
| KEC | 13.96 | (0.14) | (0.99 %) | - | 
| SHAKER | 30.00 | (1.10) | (3.54 %) | - | 
| SNB | 37.70 | 0.60 | 1.62 % | - | 
| SAUDI ARAMCO | 28.20 | 0.20 | 0.71 % | - | 
| SULAIMAN ALHABIB | 282.60 | 1.20 | 0.43 % | - | 
| ALMUNAJEM | 98.20 | (4.80) | (4.66 %) | - | 
| MIS | 182.00 | 2.00 | 1.11 % | - | 
Meanwhile,  Almunajem Foods fell 5% to close at SAR 98.20.
NCLE closed at SAR 183.80 (-4%).
Write to Parag Deulgaonkar at parag.d@argaam.com
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings | 
|---|---|---|---|---|
| KINGDOM | 8.95 | 9.95 % | 31.94 | |
| MIAHONA | 39.85 | 9.93 % | 53.85 | |
| SMASCO | 11.00 | 9.78 % | 19.68 | |
| ZOUJAJ | 46.80 | 8.58 % | 17.39 | |
| BJAZ | 13.67 | 4.65 % | 14.93 | |
| ALBILAD | 29.96 | 4.51 % | 17.71 | |
| BATIC | 3.45 | 3.92 % | NEG | |
| SOLUTIONS | 296.00 | 3.86 % | 26.21 | |
| MAHARAH | 7.00 | 3.86 % | 30.06 | |
| TALCO | 67.50 | 3.53 % | 19.93 | 
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change | 
|---|---|---|---|
| KINGDOM | 361,702.00 | 3,398,831.00 | 839.68 % | 
| BAHRI | 633,258.00 | 4,808,128.00 | 659.27 % | 
| ARDCO | 256,541.00 | 1,561,554.00 | 508.70 % | 
| BANAN | 87,601.00 | 509,425.00 | 481.53 % | 
| ZOUJAJ | 273,911.00 | 1,281,240.00 | 367.76 % | 
| OBEIKAN GLASS | 31,064.00 | 141,435.00 | 355.30 % | 
| SUMOU | 240,889.00 | 860,086.00 | 257.05 % | 
| SADR | 2,363,267.00 | 8,204,217.00 | 247.16 % | 
| CMCER | 62,075.00 | 211,856.00 | 241.29 % | 
| SINAD HOLDING | 330,329.00 | 1,104,682.00 | 234.42 % | 
| 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"
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                LPG (mt) ($)
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                            -
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                Fujairah Fuel Pric (mt) ($)
                    -
                        
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                VLCC "TC/1Year" ($)
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