TASI falls 0.8% to 11,746 pts, total turnover at SAR 5.3B
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 0.8%, or 91 points, lower at 11,746 points today, March 10, recording the lowest close in more than three months.
Total turnover reached about SAR 5.3 billion.
                Market Index
Saudi Aramco fell by 1% to SAR 26.30.
ACWA Power declined by more than 4% to SAR 339.
SISCO, Sulaiman Al Habib, Riyadh Cables, Rasan, Saudi Chemical, Al-Babtain, SRMG, MEDGULF and Bawan slipped between 4% and 8%.
Nahdi closed at SAR 115.80 (-2%) after Q4 2024 profit fell 7% year-on-year.
                Company Prices
| Company | Price | Change | Change (%) | Events | 
|---|---|---|---|---|
| ALRAJHI | 101.80 | 1.00 | 0.99 % | - | 
| SABIC | 62.60 | 0.10 | 0.16 % | - | 
| EMAAR EC | 14.48 | (0.60) | (3.98 %) | - | 
| AICC | 12.10 | (0.42) | (3.35 %) | - | 
| SNB | 35.10 | 0.45 | 1.30 % | - | 
| SAUDI ARAMCO | 26.30 | (0.35) | (1.31 %) | - | 
| ACWA POWER | 336.32 | (10.91) | (3.14 %) | - | 
| NAHDI | 115.80 | (2.20) | (1.86 %) | - | 
On the other hand, Al Rajhi Bank and Saudi National Bank rose by 1% to SAR 101.80 and SAR 35.10, respectively.
Riyad Bank jumped by more than 4% to SAR 30.40.
Derayah surged by 30% on debut to close at SAR 39 (+SAR 9 compared to the listing price of SAR 30), with 4.3 million shares traded.
Write to Parag Deulgaonkar at parag.d@argaam.com
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings | 
|---|---|---|---|---|
| RIBL | 30.40 | 4.47 % | 9.78 | |
| ALUJAIN | 33.20 | 3.59 % | NEG | |
| SIDC | 27.00 | 2.66 % | NEG | |
| SAUDI RE | 31.52 | 2.44 % | 11.27 | |
| NASEEJ | 98.30 | 2.40 % | NEG | |
| CMCER | 6.45 | 2.38 % | - | |
| APC | 8.07 | 2.28 % | 9.60 | |
| ALAHLI REIT 1 | 7.23 | 2.12 % | 29.91 | |
| AL MAATHER REIT | 9.20 | 1.55 % | 13.75 | |
| ARABIAN DRILLING | 90.20 | 1.46 % | 18.49 | 
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change | 
|---|---|---|---|
| DERAYAH REIT | 213,403.00 | 1,514,797.00 | 609.83 % | 
| MOUWASAT | 584,899.00 | 2,440,409.00 | 317.24 % | 
| SAUDI CEMENT | 129,295.00 | 416,419.00 | 222.07 % | 
| NCLE | 60,645.00 | 180,829.00 | 198.18 % | 
| RIBL | 2,461,675.00 | 6,569,170.00 | 166.86 % | 
| TADCO | 131,521.00 | 348,792.00 | 165.20 % | 
| ARABIAN DRILLING | 264,062.00 | 678,838.00 | 157.08 % | 
| SISCO HOLDING | 369,024.00 | 878,967.00 | 138.19 % | 
| ELM | 73,436.00 | 164,998.00 | 124.68 % | 
| AICC | 202,461.00 | 445,990.00 | 120.28 % | 
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
| Company | Price | Change 52 Weeks | 
|---|---|---|
| DAR ALARKAN | 18.50 | 33.09 % | 
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        Sector Closure
Sector
                    Value
                    
                        Change
                    
                    
                        Change (%)
                    
                Most Active Companies
Name
                Price
                Change (value)Change (%)
            Brent Crude Oil
                    63.91
                    
                        (0.78)
                        (1.22 %)
                    
                Nymex
                    60.57
                    
                        0.09
                        0.15 %
                    
                Natural Gas
                    4.05
                    
                        0.00
                        (0.10 %)
                    
                Gold
                    3,997.32
                    
                        (26.64)
                        (0.66 %)
                    
                Silver
                    48.73
                    
                        (0.06)
                        (0.13 %)
                    
                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
                    2,018.00
                    
                        (4.00)
                        (0.20 %)
                    
                Zinc
                    3,029.00
                    
                        (14.00)
                        (0.46 %)
                    
                Steel
                    825.00
                    
                        0.00
                        0.00 %
                    
                Wheat (CBOT)
                    524.25
                    
                        0.40
                        0.08 %
                    
                Corn (CBOT)
                    430.25
                    
                        (3.60)
                        (0.83 %)
                    
                Coffee (ICEUS)
                    392.00
                    
                        1.30
                        0.33 %
                    
                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) ($)
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                Fujairah Fuel Pric (mt) ($)
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                VLCC "TC/1Year" ($)
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