TASI falls 0.8% to 11,792 pts, total turnover at SAR 6B
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed at 0.8%, or 91 points, lower at 11,792 points today, March 18.
Total turnover reached about SAR 6 billion.
Market Index
Saudi Aramco fell 1% to SAR 25.60 (-1%), reaching its lowest close in nearly five years after going ex-dividend. The oil major announced a base dividend at SAR 0.33 per share for Q4 2024.
Derayah Financial declined by 3% to SAR 38.70. The company’s Q4 2024 profit declined 6% year-on-year (YoY).
Nahdi, Dallah, Banan, SABIC, Savola, Mouwasat, Almajed Oud, Emaar EC and Nice One closed down by 2% to 6%.
Newly-listed Entaj slipped 4% to SAR 62.30, with approximately 14 million shares worth over SAR 900 million traded.
Company Prices
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| ALRAJHI | 67.87 | (0.40) | (0.59 %) | - |
| YCC | 22.74 | (0.24) | (1.04 %) | - |
| SABIC | 63.50 | (1.20) | (1.85 %) | - |
| KEC | 13.74 | (0.18) | (1.29 %) | - |
| ALSAGR INSURANCE | 14.50 | (0.02) | (0.14 %) | - |
| DALLAH HEALTH | 126.80 | (6.00) | (4.52 %) | - |
| SNB | 35.20 | (0.30) | (0.85 %) | - |
| SAUDI ARAMCO | 25.60 | (0.35) | (1.35 %) | - |
| ALDAWAA | 78.00 | 6.80 | 9.55 % | - |
| DERAYAH | 38.70 | (1.30) | (3.25 %) | - |
| ELM | 971.00 | (14.00) | (1.42 %) | - |
| NAHDI | 113.80 | (3.40) | (2.90 %) | - |
| BANAN | 6.56 | (0.42) | (6.02 %) | - |
On the other hand, Aldawaa rose 10% to close at SAR 78. The company’s Q4 2024 net profit rose 12% YoY to SAR 103.8 million.
Write to Parag Deulgaonkar at parag.d@argaam.com
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings |
|---|---|---|---|---|
| ALDAWAA | 78.00 | 9.55 % | 17.91 | |
| SADAFCO | 313.60 | 3.70 % | 21.07 | |
| WALAA | 19.48 | 3.62 % | 38.64 | |
| BUDGET SAUDI | 58.48 | 2.36 % | 19.43 | |
| GASCO | 95.80 | 1.81 % | 28.88 | |
| SABI HK ETF | 11.86 | 1.72 % | - | |
| CITY CEMENT | 20.26 | 1.71 % | 19.68 | |
| ALBILAD HONG KONG CHINA ETF | 10.90 | 1.58 % | - | |
| UACC | 19.38 | 1.47 % | 22.34 | |
| MCDC | 111.00 | 1.46 % | 54.06 |
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| KINGDOM | 835,408.00 | 17,325,340.00 | 1,973.88 % |
| OGC | 34,434.00 | 240,542.00 | 598.56 % |
| ALDAWAA | 140,501.00 | 967,915.00 | 588.90 % |
| BONYAN REIT | 61,081.00 | 264,256.00 | 332.63 % |
| BUDGET SAUDI | 300,766.00 | 892,388.00 | 196.71 % |
| SADAFCO | 29,895.00 | 75,095.00 | 151.20 % |
| TALEEM REIT | 56,143.00 | 132,645.00 | 136.26 % |
| ALARABIA | 180,184.00 | 412,997.00 | 129.21 % |
| A.OTHAIM MARKET | 1,270,992.00 | 2,815,217.00 | 121.50 % |
| AMERICANA | 19,360,573.00 | 39,449,354.00 | 103.76 % |
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
| Company | Price | Change 52 Weeks |
|---|---|---|
| ALBILAD GOLD ETF | 15.94 | 37.18 % |
| RIYADH CEMENT | 37.00 | 31.91 % |
| DAR ALARKAN | 19.64 | 29.72 % |
| YC | 40.10 | 9.56 % |
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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
108.51
(1.98)
(1.84 %)
Nymex
101.12
(1.19)
(1.16 %)
Natural Gas
2.78
(0.01)
(0.40 %)
Gold
4,646.75
90.25
1.98 %
Silver
75.40
2.74
3.77 %
High Grade Copper
6.09
0.10
1.64 %
Iron Ore
108.58
0.41
0.38 %
Aluminum
3,548.00
0.25
0.01 %
LEAD
1,980.50
8.00
0.41 %
Zinc
3,414.50
56.00
1.66 %
Steel
1,120.00
4.00
0.36 %
Wheat (CBOT)
624.00
(3.60)
(0.57 %)
Corn (CBOT)
477.75
(2.20)
(0.46 %)
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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