TASI gains 0.3% to 12,039 points, turnover at SAR 7.3B
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) gained 0.3%, or 37 points, to close at 12,039 points today, Oct. 16. Total turnover reached nearly SAR 7.3 billion.
Market Index
Heavyweight lender SNB added 1% to close at SAR 35.20, while ACWA Power rose 2% to SAR 444.
Eastern Pipes, Riyadh Cement, GO, Rasan, Yanbu Cement, and City Cement ended the trading today with increases ranging between 3% and 6%.
Eastern Cement touched the daily ceiling to close at SAR 37.40.
Company Prices
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| ALRAJHI | 84.90 | (0.10) | (0.12 %) | - |
| SABIC | 72.80 | (0.20) | (0.27 %) | - |
| SAUDI DARB | 3.99 | (0.41) | (9.36 %) | - |
| PETRO RABIGH | 8.55 | (0.14) | (1.61 %) | - |
| JABAL OMAR | 23.16 | 0.06 | 0.26 % | - |
| SOLUTIONS | 271.00 | 3.20 | 1.19 % | - |
| SNB | 35.20 | 0.20 | 0.57 % | - |
| SAUDI ARAMCO | 27.10 | (0.05) | (0.18 %) | - |
| ACWA POWER | 440.49 | 6.94 | 1.60 % | - |
Meanwhile, oil major Saudi Aramco and blue chip lender Al Rajhi Bank declined nearly 1% rach to SAR 27.10 and SAR 84.90, respectively.
Al-Baha continued to sink for the fourth consecutive session, closing at SAR 0.29 (-9%), bringing its losses during the period to about 31%.
The stock witnessed heavy trading of about 1.26 billion shares, the highest since 2011, exceeding 42% of the company’s total 2.97 billion shares, with a value of about SAR 380 million.
Al-Baha posted a profit of SAR 389,000 for Q3 2024.
Write to Nadeshda Zareen at nadeshda.zareen@argaam.com
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings |
|---|---|---|---|---|
| BURGERIZZR | 20.94 | 15.31 % | 50.25 | |
| EPCCO | 37.40 | 10.00 % | 13.74 | |
| A.OTHAIM MARKET | 12.50 | 8.51 % | 29.16 | |
| EAST PIPES | 166.00 | 6.00 % | 10.98 | |
| RIYADH CEMENT | 29.10 | 5.43 % | 12.81 | |
| RASAN | 62.90 | 5.36 % | 75.13 | |
| GIG | 32.00 | 5.26 % | 22.10 | |
| CITY CEMENT | 18.40 | 5.02 % | 20.01 | |
| JAZIRA TAKAFUL | 17.26 | 4.61 % | 31.66 | |
| FIRST MILLS | 68.70 | 4.57 % | 15.75 |
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| ALINMA GOVERNMENT SUKUK ETF | 6,300.00 | 254,543.00 | 3,940.37 % |
| BURGERIZZR | 113,033.00 | 1,531,223.00 | 1,254.67 % |
| SAUDI DARB | 7,985,122.00 | 91,712,163.00 | 1,048.54 % |
| EPCCO | 82,592.00 | 734,937.00 | 789.84 % |
| ALBILAD US ETF | 4,249.00 | 30,662.00 | 621.63 % |
| SAUDI CEMENT | 190,059.00 | 1,218,957.00 | 541.36 % |
| ALASEEL | 1,407,388.00 | 7,175,553.00 | 409.85 % |
| MALATH INSURANCE | 428,500.00 | 1,990,514.00 | 364.53 % |
| CITY CEMENT | 266,419.00 | 1,127,195.00 | 323.09 % |
| RIYADH CEMENT | 482,781.00 | 2,032,216.00 | 320.94 % |
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
| Company | Price | Change 52 Weeks |
|---|---|---|
| BURGERIZZR | 20.94 | 118.13 % |
| ALDREES | 144.00 | 48.78 % |
| ALBILAD GOLD ETF | 14.24 | 37.45 % |
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