TASI falls 2.1% to 11,504 points, total turnover at SAR 10.6B
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 2.1%, or 250 points, lower at 11,504 points today, Aug. 5, recording the lowest close in two months.
Total turnover reached about SAR 10.6 billion.
The index fell to its lowest levels during the day at 11,318 points, down 436 points, before recovering some losses.
TASI’s decline coincided with widespread losses in Asian stock markets due to fears of a slowdown in the US economy.
Market Index
Most of the stocks declined, led by Saudi Aramco falling 1% to SAR 26.80. About 36 million shares worth SAR 1 billion changed hands.
ACWA Power and Saudi National Bank each fell nearly 5% to SAR 378.20 and SAR 34.65, respectively.
Walaa, AYYAN, Salama, Al Rajhi Takaful, Nama Chemicals, Al-Babtain, and Bahr Al Arab dropped between 8% and 10%.
Company Prices
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| ALRAJHI | 56.14 | 1.00 | 1.81 % | - |
| ALBILAD | 30.12 | 0.25 | 0.84 % | - |
| RIBL | 18.58 | (1.04) | (5.32 %) | - |
| BSF | 16.64 | (0.87) | (4.96 %) | - |
| SABIC | 74.90 | (2.30) | (2.98 %) | - |
| ALINMA | 25.87 | (0.13) | (0.48 %) | - |
| JABAL OMAR | 23.02 | (1.58) | (6.42 %) | - |
| SNB | 34.65 | (1.90) | (5.20 %) | - |
| SAUDI ARAMCO | 26.80 | (0.35) | (1.29 %) | - |
| LUBEREF | 124.80 | (3.00) | (2.35 %) | - |
| CENOMI CENTERS | 19.60 | (0.08) | (0.41 %) | - |
| ADES | 19.10 | 0.10 | 0.53 % | - |
Meanwhile, Al Rajhi Bank rose 2% to SAR 84.20 after Q2 2024 results beat estimates.
Tawuniya gained 4% to close at SAR 160.
Write to Parag Deulgaonkar at parag.d@argaam.com
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings |
|---|---|---|---|---|
| TAWUNIYA | 160.00 | 3.90 % | 25.19 | |
| RAOOM | 71.00 | 3.50 % | 18.81 | |
| DALLAH HEALTH | 161.00 | 3.21 % | 36.86 | |
| ELM | 924.80 | 2.08 % | 49.58 | |
| SHAKER | 21.47 | 1.95 % | 20.93 | |
| ALETIHAD | 17.00 | 1.92 % | 10.10 | |
| ALRAJHI | 56.14 | 1.81 % | 19.33 | |
| ASTRA INDUSTRIAL | 151.40 | 1.61 % | 21.78 | |
| EMAAR EC | 15.39 | 1.43 % | NEG | |
| AZM | 24.90 | 1.38 % | 29.21 |
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| ALBILAD SOVEREIGN SUKUK ETF | 339,861.00 | 1,832,358.00 | 439.15 % |
| RIYADH CEMENT | 222,348.00 | 669,951.00 | 201.31 % |
| ALBILAD SAUDI GROWTH ETF | 15,813.00 | 41,805.00 | 164.37 % |
| OGC | 16,035.00 | 33,723.00 | 110.31 % |
| ALKHABEER INCOME | 57,042.00 | 114,604.00 | 100.91 % |
| AMLAK | 211,046.00 | 403,947.00 | 91.40 % |
| SHAKER | 529,928.00 | 946,122.00 | 78.54 % |
| THEEB | 158,588.00 | 267,453.00 | 68.65 % |
| ELM | 77,689.00 | 128,868.00 | 65.88 % |
| ALANDALUS | 78,951.00 | 121,387.00 | 53.75 % |
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
| Company | Price | Change 52 Weeks |
|---|---|---|
| GASCO HOLDING | 107.80 | 68.44 % |
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Calendar
| Company | Event |
|---|---|
| ALASEEL | General Assembly |
| AZM | General Assembly |
| AlRAMZ | General Assembly |
| BSF | Cash Dividend Distribution |
| SIECO | General Assembly |
| GIG | Cash Dividend Distribution |
| ALMUNAJEM | Ex-dividend Date |
| AlRAMZ | Ex-dividend Date |
| SOLUTIONS | Cash Dividend Distribution |
| SAL | Cash Dividend Distribution |
Sector Closure
Sector
Value
Change
Change (%)
Most Active Companies
Name
Price
Change (value)Change (%)
Brent Crude Oil
94.55
(0.16)
(0.17 %)
Nymex
90.03
1.83
2.05 %
Natural Gas
3.19
0.00
0.09 %
Gold
4,093.47
22.16
0.54 %
Silver
63.71
0.58
0.92 %
High Grade Copper
6.27
(0.08)
(1.33 %)
Iron Ore
101.70
0.33
0.32 %
Aluminum
3,501.00
7.50
0.21 %
LEAD
1,969.00
7.50
0.38 %
Zinc
3,470.00
1.50
0.04 %
Steel
1,163.00
(5.00)
(0.43 %)
Wheat (CBOT)
587.50
1.00
0.17 %
Corn (CBOT)
419.00
0.20
0.05 %
Coffee (ICEUS)
244.60
3.70
1.53 %
Whole Milk Powder
3,812.50
(75.00)
(1.97 %)
Skim Milk Powder
3,400.00
(62.50)
(1.84 %)
Refining margins
29.98
2.01
7.19 %
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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Call Request
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