TASI falls 0.6% to 11,695 pts, lowest turnover in two years
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 0.6%, or 66 points, lower at 11,695 points today, March 23.
Total turnover reached about SAR 2.6 billion.
                Market Index
Al Rajhi Bank fell by 2% to SAR 99.20.
Saudi National Bank, Riyad Bank, stc, Jabal Omar, Bank Albilad, SABIC, and SABIC AN declined between 1% and 3%.
Qassim Cement closed at SAR 51.20 (-2%) after going ex-dividend.
                Company Prices
| Company | Price | Change | Change (%) | Events | 
|---|---|---|---|---|
| ETIHAD ETISALAT | 58.70 | (0.90) | (1.51 %) | - | 
| ALRAJHI | 99.20 | (1.60) | (1.59 %) | - | 
| QACCO | 51.20 | (0.80) | (1.54 %) | - | 
| ALUJAIN | 37.70 | 3.00 | 8.65 % | - | 
| FIPCO | 38.10 | (0.10) | (0.26 %) | - | 
| SABIC | 62.30 | (0.70) | (1.11 %) | - | 
| ALBABTAIN | 46.30 | 4.20 | 9.98 % | - | 
| SNB | 34.95 | (0.55) | (1.55 %) | - | 
| SAUDI ARAMCO | 25.80 | 0.10 | 0.39 % | - | 
| EIC | 6.13 | 0.15 | 2.51 % | - | 
| ACWA POWER | 327.39 | 2.38 | 0.73 % | - | 
| ALANDALUS | 22.76 | (0.26) | (1.13 %) | - | 
| SADR | 3.05 | 0.04 | 1.33 % | - | 
| AVALON PHARMA | 132.20 | (1.80) | (1.34 %) | - | 
| TALCO | 47.50 | (0.25) | (0.52 %) | - | 
On the other hand,  Al-Babtain rose by 10% to SAR 46.30 after announcing results and a cash dividend.
Dar Al Arkan closed at SAR 20.60 (+4%), recording the highest close since 2008.
Alujain climbed by 9% to SAR 37.70.
Write to Parag Deulgaonkar at parag.d@argaam.com
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings | 
|---|---|---|---|---|
| ALBABTAIN | 46.30 | 9.98 % | 11.14 | |
| ALUJAIN | 37.70 | 8.65 % | NEG | |
| ARDCO | 34.20 | 6.05 % | 27.01 | |
| SICO SAUDI REIT | 3.85 | 5.19 % | NEG | |
| SAIC | 33.30 | 4.39 % | 6.77 | |
| SPM | 55.40 | 4.14 % | 24.67 | |
| RED SEA | 43.50 | 4.07 % | NEG | |
| DAR ALARKAN | 20.60 | 3.73 % | 27.54 | |
| TALEEM REIT | 10.04 | 3.29 % | 15.75 | |
| GAS | 16.10 | 3.07 % | 22.32 | 
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change | 
|---|---|---|---|
| ALUJAIN | 202,679.00 | 2,518,260.00 | 1,142.49 % | 
| PETRO RABIGH | 902,438.00 | 2,618,190.00 | 190.12 % | 
| ALBILAD SOVEREIGN SUKUK ETF | 197,071.00 | 509,836.00 | 158.71 % | 
| DAR ALARKAN | 2,723,416.00 | 5,711,250.00 | 109.71 % | 
| ALBABTAIN | 484,337.00 | 981,956.00 | 102.74 % | 
| SICO SAUDI REIT | 202,602.00 | 358,910.00 | 77.15 % | 
| MUSHARAKA REIT | 101,582.00 | 163,011.00 | 60.47 % | 
| NORTHERN CEMENT | 423,044.00 | 675,045.00 | 59.57 % | 
| SINAD HOLDING | 250,513.00 | 395,908.00 | 58.04 % | 
| TALEEM REIT | 60,435.00 | 89,548.00 | 48.17 % | 
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
| Company | Price | Change 52 Weeks | 
|---|---|---|
| DAR ALARKAN | 20.60 | 40.14 % | 
| ALBILAD GOLD ETF | 16.05 | 35.56 % | 
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        Sector Closure
Sector
                    Value
                    
                        Change
                    
                    
                        Change (%)
                    
                Most Active Companies
Name
                Price
                Change (value)Change (%)
            Brent Crude Oil
                    64.08
                    
                        (0.62)
                        (0.97 %)
                    
                Nymex
                    60.09
                    
                        (0.44)
                        (0.73 %)
                    
                Natural Gas
                    4.08
                    
                        0.02
                        0.57 %
                    
                Gold
                    4,011.01
                    
                        (12.95)
                        (0.32 %)
                    
                Silver
                    48.79
                    
                        (0.01)
                        (0.02 %)
                    
                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
                    2,014.50
                    
                        (7.50)
                        (0.37 %)
                    
                Zinc
                    3,027.00
                    
                        (16.00)
                        (0.53 %)
                    
                Steel
                    825.00
                    
                        0.00
                        0.00 %
                    
                Wheat (CBOT)
                    520.00
                    
                        (4.20)
                        (0.80 %)
                    
                Corn (CBOT)
                    428.50
                    
                        (1.60)
                        (0.37 %)
                    
                Coffee (ICEUS)
                    392.15
                    
                        (0.10)
                        (0.03 %)
                    
                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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                Fujairah Fuel Pric (mt) ($)
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                VLCC "TC/1Year" ($)
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