TASI drops 1.6% to 11,932 pts, records lowest close in 2025
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 1.6%, or 192 points, lower at 11,932 points today, March 4, recording the lowest close in more than two months.
Total turnover reached about SAR 6.5 billion.
The decline in the market coincided with the fall in global markets due to economic uncertainty following the US imposition of customs duties and China’s retaliatory tariffs on US imports.
Market Index
Saudi Aramco fell by more than 2% to SAR 26.90 with about 22 million shares valued at over SAR 600 million traded.
The company's Q4 2024 profit fell 16% year-on-year to SAR 86.6 billion. It announced a base and performance-linked dividend of SAR 0.33 per share.
ACWA Power declined by 6% to SAR 333.20 .
Al Rajhi Bank closed at SAR 100.60 (-1%).
Herfy fell by 4% to SAR 23, after it turned to a loss of SAR 59.9 million in Q4 2023.
Nice One closed limit down at SAR 53.40.
Company Prices
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| ALRAJHI | 100.60 | (1.40) | (1.37 %) | - |
| SABIC | 62.00 | (0.60) | (0.96 %) | - |
| CHEMICAL | 8.53 | (0.30) | (3.40 %) | - |
| SALAMA | 16.42 | (0.72) | (4.20 %) | - |
| MALATH INSURANCE | 14.24 | 0.42 | 3.04 % | - |
| ALETIHAD | 15.66 | (1.44) | (8.42 %) | - |
| HERFY FOODS | 23.00 | (0.98) | (4.09 %) | - |
| SNB | 35.10 | (0.40) | (1.13 %) | - |
| SAUDI ARAMCO | 26.90 | (0.60) | (2.18 %) | - |
| EIC | 6.79 | (0.13) | (1.88 %) | - |
| ALASEEL | 3.99 | (0.09) | (2.21 %) | - |
| AL MAATHER REIT | 9.01 | (0.52) | (5.46 %) | - |
| MODERN MILLS | 39.85 | 0.40 | 1.01 % | - |
| NICE ONE | 53.40 | (5.90) | (9.95 %) | - |
Meanwhile, Modern Mills rose by 1% to SAR 39.85 after announcing its financial results and cash dividend for 2024.
MARAFIQ was the top gainer, rising 6% to SAR 49.40.
Al Maather REIT closed at SAR 9.01 (-5%) after going ex-dividend.
Write to Parag Deulgaonkar at parag.d@argaam.com
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings |
|---|---|---|---|---|
| MARAFIQ | 49.40 | 6.70 % | More than 100 | |
| SHL | 17.32 | 3.96 % | 60.97 | |
| MALATH INSURANCE | 14.24 | 3.04 % | 26.48 | |
| ADVANCED | 26.75 | 2.88 % | NEG | |
| ALBILAD HONG KONG CHINA ETF | 10.17 | 2.52 % | - | |
| RIYAD REIT | 6.34 | 1.93 % | NEG | |
| ALARABIA | 146.80 | 1.52 % | 29.76 | |
| SUMOU | 48.35 | 1.47 % | 22.68 | |
| SVCP | 37.45 | 1.35 % | NEG | |
| ALAHLI REIT 1 | 7.22 | 1.26 % | 37.21 |
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| SAL | 226,895.00 | 1,316,020.00 | 480.01 % |
| AL MAATHER REIT | 45,238.00 | 227,063.00 | 401.93 % |
| MARAFIQ | 637,904.00 | 2,458,141.00 | 285.35 % |
| EIC | 4,454,326.00 | 15,482,412.00 | 247.58 % |
| MALATH INSURANCE | 476,498.00 | 1,553,696.00 | 226.07 % |
| ACWA | 165,837.00 | 539,563.00 | 225.36 % |
| ADVANCED | 826,476.00 | 2,212,525.00 | 167.71 % |
| ELM | 68,425.00 | 179,707.00 | 162.63 % |
| DALLAH HEALTH | 68,464.00 | 165,840.00 | 142.23 % |
| BSF | 2,173,904.00 | 5,019,430.00 | 130.89 % |
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
| Company | Price | Change 52 Weeks |
|---|---|---|
| DAR ALARKAN | 18.30 | 31.28 % |
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Calendar
Sector Closure
Sector
Value
Change
Change (%)
Most Active Companies
Name
Price
Change (value)Change (%)
Brent Crude Oil
67.55
0.31
0.46 %
Nymex
63.33
0.18
0.28 %
Natural Gas
3.44
0.12
3.44 %
Gold
4,992.41
47.18
0.95 %
Silver
90.29
5.03
5.90 %
High Grade Copper
5.98
(0.11)
(1.75 %)
Iron Ore
102.16
(0.50)
(0.49 %)
Aluminum
3,024.75
(29.75)
(0.98 %)
LEAD
1,964.00
3.00
0.15 %
Zinc
3,339.00
19.50
0.59 %
Steel
974.00
3.00
0.31 %
Wheat (CBOT)
524.75
(4.20)
(0.79 %)
Corn (CBOT)
426.50
(1.60)
(0.37 %)
Coffee (ICEUS)
298.80
(2.05)
(0.68 %)
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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