TASI rises 0.3% to 11,883 pts, turnover at SAR 5.5B
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 0.3%, or 29 points, higher at 11,883 points today, March 17.
Total turnover reached nearly SAR 5.5 billion.
Market Index
Al Rajhi Bank rose by 1% to SAR 102.40.
Tasnee, Saudi National Bank, MC4, Kingdom Holding and Saudi Kayan increased between 1% and 3%.
Alkhorayef Water jumped 4% to SAR 166.80 after annoincing financial results.
Entaj surged by 30% to SAR 65 (+ SAR 15 compared to the listing price of SAR 50), with approximately 350,000 shares changing hands.
Company Prices
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| ALRAJHI | 102.40 | 0.60 | 0.59 % | - |
| TASNEE | 9.34 | 0.08 | 0.86 % | - |
| SABIC | 64.70 | 0.20 | 0.31 % | - |
| SADAFCO | 302.40 | (4.60) | (1.50 %) | - |
| SAUDI KAYAN | 6.06 | 0.05 | 0.83 % | - |
| BUDGET SAUDI | 76.40 | 0.20 | 0.26 % | - |
| KINGDOM | 8.06 | 0.13 | 1.64 % | - |
| SNB | 35.50 | 0.85 | 2.45 % | - |
| SAUDI ARAMCO | 25.95 | (0.10) | (0.38 %) | - |
| MUSHARAKA REIT | 4.46 | 0.12 | 2.76 % | - |
| THEEB | 45.09 | (0.52) | (1.14 %) | - |
| BINDAWOOD | 6.42 | 0.04 | 0.63 % | - |
| ALMUNAJEM | 84.80 | (3.40) | (3.85 %) | - |
| AWPT | 166.80 | 7.00 | 4.38 % | - |
| ARABIAN MILLS | 47.90 | (0.50) | (1.03 %) | - |
On the other hand, Almunajem fell 4% to SAR 84.80 after the disclosure of Q4 2024 financials.
SADAFCO closed at SAR 302.40 (-2%) following a 58% year-on-year decline in net profit for Q4 2024.
Musharaka REIT rose by 3% to SAR 4.46 after distributing a cash 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 |
|---|---|---|---|---|
| RETAL | 15.82 | 7.18 % | 29.72 | |
| ASTRA INDUSTRIAL | 169.00 | 4.45 % | 22.94 | |
| AWPT | 166.80 | 4.38 % | 25.38 | |
| RIYADH CEMENT | 36.60 | 3.10 % | 14.15 | |
| SAUDI RE | 32.78 | 2.78 % | 11.72 | |
| MUSHARAKA REIT | 4.46 | 2.76 % | NEG | |
| CITY CEMENT | 19.92 | 2.57 % | 19.35 | |
| SNB | 35.50 | 2.45 % | 10.05 | |
| EMAAR EC | 15.06 | 2.31 % | NEG | |
| SACO | 34.45 | 2.23 % | NEG |
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| AWPT | 80,776.00 | 406,026.00 | 402.66 % |
| BUDGET SAUDI | 216,209.00 | 809,868.00 | 274.58 % |
| OBEIKAN GLASS | 31,661.00 | 102,119.00 | 222.54 % |
| ALWASAIL INDUSTRIAL | 828,893.00 | 2,359,023.00 | 184.60 % |
| TASNEE | 1,999,170.00 | 5,536,442.00 | 176.94 % |
| RETAL | 711,928.00 | 1,751,611.00 | 146.04 % |
| CMCER | 159,067.00 | 388,231.00 | 144.07 % |
| ALISTITHMAR REIT | 27,598.00 | 64,942.00 | 135.31 % |
| THEEB | 130,845.00 | 290,758.00 | 122.22 % |
| ARABIAN SHIELD | 485,914.00 | 1,021,278.00 | 110.18 % |
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
| Company | Price | Change 52 Weeks |
|---|---|---|
| ALBILAD GOLD ETF | 15.86 | 36.49 % |
| DAR ALARKAN | 19.46 | 29.39 % |
| ALRAJHI | 102.40 | 20.33 % |
| YC | 39.60 | 9.54 % |
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Calendar
Sector Closure
Sector
Value
Change
Change (%)
Most Active Companies
Name
Price
Change (value)Change (%)
Brent Crude Oil
67.20
(0.13)
(0.19 %)
Nymex
63.06
(0.08)
(0.13 %)
Natural Gas
3.30
(0.08)
(2.28 %)
Gold
5,081.00
135.77
2.73 %
Silver
90.26
5.01
5.87 %
High Grade Copper
6.07
(0.02)
(0.26 %)
Iron Ore
102.16
(0.50)
(0.49 %)
Aluminum
3,057.75
4.25
0.14 %
LEAD
1,960.50
(0.50)
(0.03 %)
Zinc
3,333.50
14.00
0.42 %
Steel
976.00
(4.00)
(0.41 %)
Wheat (CBOT)
527.00
(1.40)
(0.26 %)
Corn (CBOT)
427.00
(1.40)
(0.33 %)
Coffee (ICEUS)
317.10
(16.15)
(4.81 %)
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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