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 | 101.80 | (0.60) | (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 % | 13.02 | |
| BUDGET SAUDI | 78.20 | 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 % | 54.01 | 
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change | 
|---|---|---|---|
| KINGDOM | 835,408.00 | 17,325,340.00 | 1,973.88 % | 
| OBEIKAN GLASS | 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 | 224,913.00 | 667,328.00 | 196.70 % | 
| 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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        Sector Closure
Sector
                    Value
                    
                        Change
                    
                    
                        Change (%)
                    
                Most Active Companies
Name
                Price
                Change (value)Change (%)
            Brent Crude Oil
                    63.90
                    
                        (0.79)
                        (1.24 %)
                    
                Nymex
                    60.57
                    
                        0.09
                        0.15 %
                    
                Natural Gas
                    4.05
                    
                        (0.01)
                        (0.15 %)
                    
                Gold
                    4,002.39
                    
                        (21.57)
                        (0.54 %)
                    
                Silver
                    48.77
                    
                        (0.02)
                        (0.05 %)
                    
                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
                    3,028.50
                    
                        (14.50)
                        (0.48 %)
                    
                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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