TASI falls more than 800 pts to close at 11,077
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 6.8%, or 895 points, lower at 11,077 points today, April 6, reaching its lowest close since November 2023.
Total turnover reached almost SAR 8.4 billion.
The index’s loss is the largest in points terms since 2008 and the steepest in percentage terms since March 2020.
The market's decline coincides with the drop in oil prices and global stock exchanges over the weekend following China’s retaliatory tariffs on the US.
Market Index
Most stocks declined, led by Saudi Aramco, Al Rajhi Bank and Saudi National Bank falling between 5% and 7%.
Many stocks recorded their biggest declines, including BSF, ADES, Chemanol, solutions, Al Akaria, Saudi Chemical, Cenomi Retail, MBC Group, Maharah, Arab Sea and Saudi Steel Pipe.
ACWA Power, Riyad Bank, Maaden, Alinma Bank, SAB, Mobily and Sulaiman Al-Habib fell by 5% to 9%.
Company Prices
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| ALRAJHI | 63.14 | (3.93) | (5.86 %) | - |
| SABIC | 60.50 | (2.40) | (3.82 %) | - |
| SNB | 32.80 | (2.40) | (6.82 %) | - |
| SAUDI ARAMCO | 24.92 | (1.38) | (5.25 %) | - |
| ACWA | 307.55 | (29.76) | (8.82 %) | - |
On the other hand, Nama Chemicals was the sole gainer, rising by 1% to SAR 30.45, with approximately 160,000 shares changing hands.
Write to Parag Deulgaonkar at parag.d@argaam.com
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings |
|---|---|---|---|---|
| NAMA CHEMICALS | 30.45 | 0.50 % | NEG |
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| BAHRI | 1,083,782.00 | 8,430,171.00 | 677.85 % |
| JADWA REIT SAUDI | 345,896.00 | 1,709,119.00 | 394.11 % |
| NGC | 148,824.00 | 674,436.00 | 353.18 % |
| TALEEM REIT | 53,171.00 | 223,772.00 | 320.85 % |
| ALBILAD US TECH ETF | 18,111.00 | 75,838.00 | 318.74 % |
| ALBILAD GOLD ETF | 42,017.00 | 168,264.00 | 300.47 % |
| SAUDI ENERGY | 1,233,426.00 | 4,926,299.00 | 299.40 % |
| AZM | 34,919.00 | 138,026.00 | 295.27 % |
| SABI QUANT ETF | 486.00 | 1,763.00 | 262.76 % |
| AMLAK | 130,635.00 | 416,178.00 | 218.58 % |
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
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Calendar
Sector Closure
Sector
Value
Change
Change (%)
Most Active Companies
Name
Price
Change (value)Change (%)
Brent Crude Oil
80.57
0.72
0.91 %
Nymex
77.54
0.94
1.23 %
Natural Gas
3.20
(0.04)
(1.09 %)
Gold
4,155.53
(53.48)
(1.27 %)
Silver
64.81
(0.91)
(1.39 %)
High Grade Copper
6.34
(0.05)
(0.76 %)
Iron Ore
101.14
(0.14)
(0.14 %)
Aluminum
3,475.25
93.50
2.74 %
LEAD
1,950.00
(26.00)
(1.31 %)
Zinc
3,555.00
(74.50)
(2.05 %)
Steel
1,142.00
2.00
0.18 %
Wheat (CBOT)
614.00
(7.20)
(1.16 %)
Corn (CBOT)
417.40
0.00
0.00 %
Coffee (ICEUS)
267.80
(4.10)
(1.50 %)
Whole Milk Powder
3,812.50
(75.00)
(1.97 %)
Skim Milk Powder
3,400.00
(62.50)
(1.84 %)
Refining margins
32.05
(1.61)
(4.78 %)
VLCC "Spot"
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Fujairah Fuel Pric (mt) ($)
-
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VLCC "TC/1Year" ($)
-
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LPG (mt) ($)
-
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Call Request
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