TASI recoups losses, closes 0.2% lower at 11,718 pts
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 0.2%, or 28 points, lower at 11,718 points today, March 11.
Total turnover reached about SAR 7.7 billion.
The index recovered after falling more than 200 points early today, reaching its lowest since August 2024 at 11,535 points.
Market Index
Al Rajhi Bank fell by 2% to SAR 100.20.
Saudi National Bank, Riyad Bank, Alinma Bank, SAB, Almarai, and SRMG declined between 1% and 3%.
Al Arabia was the top decliner, falling 5% to SAR 129.80.
Company Prices
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| ALRAJHI | 66.80 | (1.07) | (1.57 %) | - |
| SABIC | 62.90 | 0.30 | 0.48 % | - |
| WALAA | 18.04 | (0.66) | (3.53 %) | - |
| SNB | 34.65 | (0.45) | (1.28 %) | - |
| SAUDI ARAMCO | 26.30 | 0.00 | 0.00 % | - |
| ACWA | 339.70 | 3.37 | 1.00 % | - |
| RIYADH CABLES | 129.80 | 11.80 | 10.00 % | - |
| CENOMI CENTERS | 20.36 | 0.26 | 1.29 % | - |
| AMAK | 54.60 | (0.80) | (1.44 %) | - |
| ADES | 16.38 | 0.12 | 0.74 % | - |
On the other hand, newly-listed Derayah rose by 3% to SAR 40, with about 29 million shares worth SAR 1.2 billion traded.
Riyadh Cables climbed by 10% to close at SAR 129.80 after announcing financial results and cash dividends.
Maaden closed at SAR 44.85 (+4%).
Write to Parag Deulgaonkar at parag.d@argaam.com
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings |
|---|---|---|---|---|
| RIYADH CABLES | 129.80 | 10.00 % | 23.84 | |
| BATIC | 2.85 | 6.34 % | NEG | |
| SAUDI DARB | 3.60 | 5.88 % | 93.83 | |
| ALASEEL | 4.03 | 5.50 % | 19.21 | |
| TECO | 16.60 | 5.06 % | More than 100 | |
| MIAHONA | 21.34 | 4.61 % | 84.32 | |
| BURGERIZZR | 12.22 | 4.49 % | 81.00 | |
| MAADEN | 44.85 | 4.30 % | 60.74 | |
| HERFY FOODS | 21.36 | 4.30 % | NEG | |
| MOUWASAT | 75.90 | 4.26 % | 23.51 |
Several stocks are witnessing active trading compared to their three-month average, as shown in the table below:
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| MEPCO | 463,641.00 | 1,687,000.00 | 263.86 % |
| SEDCO CAPITAL REIT | 65,051.00 | 224,363.00 | 244.90 % |
| RIYADH CABLES | 286,418.00 | 985,854.00 | 244.20 % |
| ALDAWAA | 119,540.00 | 399,380.00 | 234.10 % |
| ENAYA | 360,818.00 | 1,162,513.00 | 222.19 % |
| SAL | 260,902.00 | 667,449.00 | 155.82 % |
| SPM | 84,430.00 | 208,824.00 | 147.33 % |
| SRMG | 52,431.00 | 128,499.00 | 145.08 % |
| ALBABTAIN | 472,643.00 | 1,145,021.00 | 142.26 % |
| ALARABIA | 168,393.00 | 405,935.00 | 141.06 % |
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
| Company | Price | Change 52 Weeks |
|---|---|---|
| DAR ALARKAN | 18.86 | 29.89 % |
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Calendar
| Company | Event |
|---|---|
| STC | General Assembly |
| SAVOLA GROUP | Ex-dividend Date |
| SAVOLA GROUP | General Assembly |
| ALINMA | Ex-dividend Date |
| FIRST MILLS | Conferences |
| SAL | Conferences |
| E.I.A | Reports |
| ALMASAR ALSHAMIL | Ex-dividend Date |
| ALMASAR ALSHAMIL | General Assembly |
| SNB | Conferences |
Sector Closure
Sector
Value
Change
Change (%)
Most Active Companies
Name
Price
Change (value)Change (%)
Brent Crude Oil
107.88
(2.61)
(2.42 %)
Nymex
102.27
(4.15)
(3.96 %)
Natural Gas
2.77
(0.01)
(0.40 %)
Gold
4,628.46
71.96
1.58 %
Silver
74.83
2.17
2.98 %
High Grade Copper
5.99
0.02
0.28 %
Iron Ore
108.58
0.41
0.38 %
Aluminum
3,536.00
(14.00)
(0.40 %)
LEAD
1,978.00
5.50
0.28 %
Zinc
3,406.00
47.50
1.41 %
Steel
1,120.00
4.00
0.36 %
Wheat (CBOT)
627.75
(1.60)
(0.25 %)
Corn (CBOT)
480.00
(1.40)
(0.29 %)
Coffee (ICEUS)
289.75
4.25
1.49 %
Whole Milk Powder
3,975.00
0.00
0.00 %
Skim Milk Powder
3,225.00
(12.50)
(0.39 %)
Refining margins
11.16
(6.52)
(36.88 %)
VLCC "Spot"
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Fujairah Fuel Pric (mt) ($)
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LPG (mt) ($)
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VLCC "TC/1Year" ($)
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Call Request
Comments Analysis: