TASI rises 3.7% to 11,503 pts, total turnover at SAR 8.3B
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 3.7%, or 406 points, higher at 11,503 points today, April 10.
Total turnover stood at about SAR 8.3 billion.
The index reached an intraday high of 11,605 points, marking a gain of 508 points from the previous day’s close.
The rally was driven by a rise in oil prices and US President Donald Trump’s decision to pause reciprocal tariffs on several countries for 90 days, while maintaining a 10% baseline tariff. However, tariffs on Chinese imports were raised.
Market Index
A broad-based advance across stocks fueled the market. Saudi Aramco and Al Rajhi Bank rose 3% each to close at SAR 26 and SAR 97.60, respectively.
Saudi National Bank, ACWA Power, Bank Albilad, Sulaiman Al Habib, SAB, Maaden, and Elm increased between 4% and 9%.
Ataa, Saudi Chemical, Saudi Paper, Electrical Industries, and SISCO led the market gainers, jumping 10%.
Company Prices
| Company | Price | Change | Change (%) | Events | 
|---|---|---|---|---|
| ALRAJHI | 97.60 | 3.00 | 3.17 % | - | 
| SABIC | 60.60 | 0.50 | 0.83 % | - | 
| SNB | 33.70 | 1.75 | 5.48 % | - | 
| SAUDI ARAMCO | 26.00 | 0.65 | 2.56 % | - | 
| ACWA POWER | 327.99 | 15.08 | 4.82 % | - | 
| FAKEEH CARE | 46.90 | 1.20 | 2.63 % | - | 
| BAAZEEM | 6.21 | 0.10 | 1.64 % | - | 
| MIS | 130.20 | 1.40 | 1.09 % | - | 
Meanwhile, NCLE slipped by 1% to end the day at SAR 160.60.
Write to Parag Deulgaonkar at parag.d@argaam.com
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings | 
|---|---|---|---|---|
| ALBILAD US TECH ETF | 15.48 | 10.02 % | - | |
| SPM | 66.00 | 10.00 % | 36.16 | |
| CHEMICAL | 8.26 | 9.99 % | 24.88 | |
| ATAA | 69.60 | 9.95 % | 48.11 | |
| ALBILAD US ETF | 10.72 | 9.95 % | - | |
| EIC | 5.77 | 9.90 % | 14.43 | |
| SISCO HOLDING | 28.30 | 9.90 % | 51.14 | |
| ELM | 980.00 | 8.60 % | 39.64 | |
| MEDGULF | 22.26 | 8.59 % | 32.25 | |
| ALBILAD | 29.17 | 8.53 % | 15.28 | 
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change | 
|---|---|---|---|
| ALBILAD US TECH ETF | 21,104.00 | 106,453.00 | 404.42 % | 
| AMERICANA | 28,020,924.00 | 125,686,142.00 | 348.54 % | 
| SPM | 108,631.00 | 463,068.00 | 326.28 % | 
| SABI QUANT ETF | 590.00 | 2,360.00 | 300.00 % | 
| SENAAT | 423,477.00 | 1,678,448.00 | 296.35 % | 
| ALBILAD US ETF | 5,155.00 | 20,009.00 | 288.15 % | 
| CHEMICAL | 2,768,033.00 | 10,280,188.00 | 271.39 % | 
| SAUDI CEMENT | 162,011.00 | 580,359.00 | 258.22 % | 
| MESC | 441,907.00 | 1,551,426.00 | 251.08 % | 
| YAQEEN ESG ETF | 4,113.00 | 13,766.00 | 234.69 % | 
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
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        Sector Closure
Sector
                    Value
                    
                        Change
                    
                    
                        Change (%)
                    
                Most Active Companies
Name
                Price
                Change (value)Change (%)
            Brent Crude Oil
                    63.91
                    
                        (0.78)
                        (1.22 %)
                    
                Nymex
                    60.57
                    
                        0.09
                        0.15 %
                    
                Natural Gas
                    4.05
                    
                        0.00
                        (0.10 %)
                    
                Gold
                    3,997.32
                    
                        (26.64)
                        (0.66 %)
                    
                Silver
                    48.73
                    
                        (0.06)
                        (0.13 %)
                    
                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
                    3,029.00
                    
                        (14.00)
                        (0.46 %)
                    
                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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