TASI rises 0.3% to 11,921, turnover at SAR 5.7B
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 0.3%, or 35 points, higher at 11,921 points today, Sept. 18.
Total turnover reached almost SAR 5.7 billion.
Markets are awaiting the results of the US Federal Reserve meeting today amid expectations of a rate cut for the first time in more than two years.
Market Index
Al Rajhi Bank and Saudi National Bank rose nearly 1% to SAR 88.10 and SAR 34.55, respectively.
Red Sea was the top gainer, rising almost 10% to SAR 53 amid trading of about 1.8 million shares. The company’s subsidiary signed a SAR 1.52 billion contract with Modern Building Leaders Co. to implement mechanical, electrical and infrastructure works for one of the latter’s projects.
GACO climbed 3% to SAR 18.48, with about 1.3 million shares traded, the highest since last February.
Company Prices
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| ALRAJHI | 88.10 | 0.30 | 0.34 % | - |
| SADAFCO | 375.80 | (6.20) | (1.62 %) | - |
| SAVOLA GROUP | 30.00 | (0.59) | (1.93 %) | - |
| RED SEA | 53.00 | 4.80 | 9.96 % | - |
| MAADEN | 42.15 | 0.20 | 0.48 % | - |
| SNB | 34.55 | 0.25 | 0.73 % | - |
| SAUDI ARAMCO | 27.10 | (0.10) | (0.37 %) | - |
| DERAYAH REIT | 6.49 | (0.05) | (0.76 %) | - |
On the other hand, Savola fell 2% to SAR 28.
Alistithmar AREIC Diversified REIT rose 8% to SAR 10.10, recording the highest closing since listing earlier this month. Nearly 540,000 units were traded.
Number of High/Low companies
Market Movers
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| GACO | 231,407.00 | 1,325,417.00 | 472.76 % |
| AL MAATHER REIT | 82,267.00 | 336,194.00 | 308.66 % |
| ANB | 2,005,695.00 | 8,166,263.00 | 307.15 % |
| UACC | 113,194.00 | 398,568.00 | 252.11 % |
| SADAFCO | 31,128.00 | 107,724.00 | 246.07 % |
| BATIC | 5,150,279.00 | 17,225,250.00 | 234.45 % |
| Al AZIZIAH REIT | 145,972.00 | 447,266.00 | 206.41 % |
| SAUDI DARB | 3,039,658.00 | 9,236,795.00 | 203.88 % |
| MULKIA REIT | 114,381.00 | 313,415.00 | 174.01 % |
| HB | 183,887.00 | 497,684.00 | 170.65 % |
| 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
68.69
1.24
1.83 %
Nymex
65.14
1.93
3.03 %
Natural Gas
3.47
0.15
4.57 %
Gold
4,950.80
15.80
0.32 %
Silver
84.40
1.10
1.29 %
High Grade Copper
5.85
(0.24)
(3.88 %)
Iron Ore
102.17
0.01
0.01 %
Aluminum
3,017.25
(36.25)
(1.19 %)
LEAD
1,965.50
4.50
0.23 %
Zinc
3,305.50
(14.00)
(0.42 %)
Steel
959.00
5.00
0.52 %
Wheat (CBOT)
526.75
(2.00)
(0.38 %)
Corn (CBOT)
429.50
1.00
0.23 %
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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