TASI falls 1.2% to 11,883 pts, turnover at SAR 5.5B
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 1.2%, or 142 points, lower at 11,883 points today, April 3.
Total turnover reached about SAR 5.5 billion.
The index’s decline coincided with oil prices falling amid concerns over weak global demand, driven by fears of a potential economic recession following new tariffs imposed by US President Donald Trump on all countries.
Additionally, the market resumed trading after the Eid Al-Fitr holidays.
                Market Index
Most of the stocks declined, led by Saudi Aramco and Al Rajhi Bank closing at SAR 26.30 (-2%) and SAR 100.60 (-1%), respectively.
Saudi National Bank closed at SAR 35.20 (-2%).
TADCO, JAZADCO, Nama Chemicals, Chemanol, Raydan, MEPCO, Entaj and Maharah fell between 5% and 9%. These companies announced their financial results during the Eid holiday.
                Company Prices
| Company | Price | Change | Change (%) | Events | 
|---|---|---|---|---|
| GACO | 18.44 | (0.56) | (2.95 %) | - | 
| TADCO | 12.36 | (1.16) | (8.58 %) | - | 
| JAZADCO | 11.40 | (0.90) | (7.32 %) | - | 
| ALRAJHI | 100.60 | (1.40) | (1.37 %) | - | 
| SAUDI CABLE | 123.00 | 0.20 | 0.16 % | - | 
| NAMA CHEMICALS | 30.30 | (1.55) | (4.87 %) | - | 
| SPIMACO | 25.30 | (0.95) | (3.62 %) | - | 
| SABIC | 62.90 | (0.80) | (1.26 %) | - | 
| CHEMANOL | 13.40 | (0.66) | (4.69 %) | - | 
| RED SEA | 41.50 | (1.50) | (3.49 %) | - | 
| ALBABTAIN | 44.25 | (1.75) | (3.80 %) | - | 
| SVCP | 35.00 | (0.65) | (1.82 %) | - | 
| GIG | 27.35 | 0.25 | 0.92 % | - | 
| TAKWEEN | 9.25 | (0.02) | (0.22 %) | - | 
| SNB | 35.20 | (0.65) | (1.81 %) | - | 
| SAUDI ARAMCO | 26.30 | (0.45) | (1.68 %) | - | 
| MEPCO | 29.75 | (1.45) | (4.65 %) | - | 
| RAYDAN | 19.16 | (1.54) | (7.44 %) | - | 
| ALKATHIRI | 2.23 | (0.08) | (3.46 %) | - | 
| ALAHLI REIT 1 | 7.12 | (0.15) | (2.06 %) | - | 
| MAHARAH | 5.79 | (0.28) | (4.61 %) | - | 
| NAQI | 59.10 | (0.70) | (1.17 %) | - | 
| ENTAJ | 53.60 | (4.40) | (7.59 %) | - | 
On the other hand, Fitaihi rose by more than 9% to SAR 4.43, with more than 14 million shares changing hands.
Zamil closed at SAR 34.85 (+7%).
Albilad Gold ETF closed at an all-time high of SAR 16.80 (+3%) after gold prices surged to historic levels.
Write to Parag Deulgaonkar at parag.d@argaam.com
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings | 
|---|---|---|---|---|
| FITAIHI GROUP | 4.43 | 9.65 % | 83.93 | |
| SENAAT | 34.85 | 6.57 % | 78.01 | |
| ZAIN KSA | 11.82 | 4.97 % | 17.81 | |
| MASAR | 25.10 | 4.93 % | 49.48 | |
| KINGDOM | 8.57 | 4.26 % | 25.68 | |
| CITY CEMENT | 21.84 | 4.00 % | 21.22 | |
| ALBILAD GOLD ETF | 16.80 | 3.45 % | - | |
| ACIG | 14.82 | 3.35 % | NEG | |
| SAVOLA GROUP | 30.40 | 3.05 % | 0.91 | |
| QACCO | 54.10 | 2.85 % | 19.85 | 
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change | 
|---|---|---|---|
| ALBILAD GOLD ETF | 39,500.00 | 365,314.00 | 824.85 % | 
| SABI QUANT ETF | 620.00 | 3,884.00 | 526.45 % | 
| SPM | 94,070.00 | 457,510.00 | 386.35 % | 
| ALAHLI REIT 1 | 56,585.00 | 251,251.00 | 344.02 % | 
| FITAIHI GROUP | 3,383,092.00 | 14,545,345.00 | 329.94 % | 
| SENAAT | 366,668.00 | 1,558,728.00 | 325.11 % | 
| JAZADCO | 149,448.00 | 537,919.00 | 259.94 % | 
| SPIMACO | 507,459.00 | 1,614,655.00 | 218.18 % | 
| TADCO | 136,685.00 | 387,698.00 | 183.64 % | 
| MAHARAH | 3,273,575.00 | 8,989,610.00 | 174.61 % | 
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
| Company | Price | Change 52 Weeks | 
|---|---|---|
| DAR ALARKAN | 21.70 | 54.56 % | 
| ALBILAD GOLD ETF | 16.80 | 35.48 % | 
| UACC | 20.22 | 28.30 % | 
| CITY CEMENT | 21.84 | 6.54 % | 
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        Sector Closure
Sector
                    Value
                    
                        Change
                    
                    
                        Change (%)
                    
                Most Active Companies
Name
                Price
                Change (value)Change (%)
            Brent Crude Oil
                    64.62
                    
                        (0.08)
                        (0.12 %)
                    
                Nymex
                    60.90
                    
                        0.38
                        0.63 %
                    
                Natural Gas
                    4.11
                    
                        0.06
                        1.38 %
                    
                Gold
                    3,997.61
                    
                        (26.35)
                        (0.65 %)
                    
                Silver
                    48.55
                    
                        (0.25)
                        (0.50 %)
                    
                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
                    2,023.00
                    
                        1.00
                        0.05 %
                    
                Zinc
                    3,048.50
                    
                        5.50
                        0.18 %
                    
                Steel
                    825.00
                    
                        0.00
                        0.00 %
                    
                Wheat (CBOT)
                    532.25
                    
                        7.60
                        1.45 %
                    
                Corn (CBOT)
                    431.50
                    
                        1.20
                        0.28 %
                    
                Coffee (ICEUS)
                    392.05
                    
                        0.05
                        0.01 %
                    
                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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