TASI falls 1% to 11,200 pts, total turnover at SAR 4.4B
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) fell 1%, or 115 points, to 11,200 points today, May 22, recording its lowest close in a month and a half.
Total turnover reached about SAR 4.4 billion.
Market Index
Saudi Aramco closed at SAR 25.15 (-4%) after going ex-dividend. The company declared a base dividend of SAR 0.33 per share for Q1 2025.
Al Rajhi Bank fell by more than 2% to SAR 94.
ACWA Power, GO, stc, SAB, Alinma Bank, and Bank AlJazira declined between 1% and 2%.
East Pipes slipped more than 3% to SAR 120.60. The company’s Q1 2025 profit fell 52% year-on-year (YoY).
Al-Etihad and Alujain closed at SAR 13.44 (-4%) and SAR 37.70 (-2%) after going ex-dividend.
SHL was the top decliner, falling 5%.
Company Prices
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| ALRAJHI | 62.67 | (1.33) | (2.08 %) | - |
| ALUJAIN | 37.70 | (0.80) | (2.08 %) | - |
| SABIC | 58.80 | 0.30 | 0.51 % | - |
| BUPA ARABIA | 171.80 | 1.20 | 0.70 % | - |
| MESC | 31.35 | 0.40 | 1.29 % | - |
| ALETIHAD | 13.44 | (0.54) | (3.86 %) | - |
| CHUBB | 26.93 | 0.23 | 0.84 % | - |
| SNB | 35.50 | 0.40 | 1.14 % | - |
| SAUDI ARAMCO | 25.15 | (0.95) | (3.64 %) | - |
| ACWA | 270.05 | (1.79) | (0.66 %) | - |
| RETAL | 15.18 | 0.50 | 3.41 % | - |
| EAST PIPES | 120.60 | (4.20) | (3.37 %) | - |
| ALMOOSA | 159.40 | (1.00) | (0.62 %) | - |
On the other hand, Retal rose 3% to SAR 15.18. The company signed a sub-development agreement with National Housing Co. to develop residential units in Al-Khobar at an estimated value of SAR 1.42 billion.
Saudi Re and Al Rajhi Takaful were top gainers, each rising 4%.
Write to Parag Deulgaonkar at parag.d@argaam.com
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings |
|---|---|---|---|---|
| SAUDI RE | 33.43 | 3.70 % | 11.86 | |
| ALRAJHI TAKAFUL | 119.20 | 3.65 % | 38.23 | |
| UACC | 17.54 | 3.42 % | 21.85 | |
| RETAL | 15.18 | 3.41 % | 27.91 | |
| ALBABTAIN | 51.50 | 3.31 % | 12.14 | |
| 2P | 10.93 | 3.09 % | 21.73 | |
| SISCO HOLDING | 30.10 | 2.91 % | 54.36 | |
| SENAAT | 45.50 | 2.82 % | 60.54 | |
| HB | 46.80 | 1.74 % | 27.24 | |
| MCDC | 105.80 | 1.73 % | 47.30 |
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| SARCO | 124,632.00 | 1,026,623.00 | 723.72 % |
| 2P | 613,125.00 | 2,121,597.00 | 246.03 % |
| SISCO HOLDING | 334,350.00 | 1,055,658.00 | 215.73 % |
| RETAL | 882,264.00 | 2,619,971.00 | 196.96 % |
| CHUBB | 298,690.00 | 862,134.00 | 188.64 % |
| MCDC | 203,351.00 | 548,887.00 | 169.92 % |
| ALINMA RETAIL REIT | 106,774.00 | 247,153.00 | 131.47 % |
| EAST PIPES | 123,031.00 | 254,076.00 | 106.51 % |
| FAKEEH CARE | 585,607.00 | 1,204,717.00 | 105.72 % |
| TECO | 655,697.00 | 1,324,671.00 | 102.02 % |
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
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Calendar
| Company | Event |
|---|---|
| STC | General Assembly |
| SAVOLA GROUP | Ex-dividend Date |
| SAVOLA GROUP | General Assembly |
| ALINMA | Ex-dividend Date |
| FIRST MILLS | Conferences |
| SAL | Conferences |
| E.I.A | Reports |
| ALMASAR ALSHAMIL | Ex-dividend Date |
| ALMASAR ALSHAMIL | General Assembly |
| SNB | Conferences |
Sector Closure
Sector
Value
Change
Change (%)
Most Active Companies
Name
Price
Change (value)Change (%)
Brent Crude Oil
109.87
(4.57)
(4.01 %)
Nymex
102.27
(4.15)
(3.96 %)
Natural Gas
2.79
(0.08)
(2.77 %)
Gold
4,670.10
35.00
0.76 %
Silver
73.33
0.06
0.08 %
High Grade Copper
6.22
0.15
2.42 %
Iron Ore
108.17
0.31
0.29 %
Aluminum
3,546.00
75.25
2.18 %
LEAD
1,972.50
22.00
1.13 %
Zinc
3,358.50
24.00
0.72 %
Steel
1,138.00
1.00
0.09 %
Wheat (CBOT)
627.75
(13.20)
(2.06 %)
Corn (CBOT)
480.00
(5.60)
(1.15 %)
Coffee (ICEUS)
289.75
4.25
1.49 %
Whole Milk Powder
3,975.00
0.00
0.00 %
Skim Milk Powder
3,225.00
(12.50)
(0.39 %)
Refining margins
11.16
(6.52)
(36.88 %)
VLCC "Spot"
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Fujairah Fuel Pric (mt) ($)
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LPG (mt) ($)
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VLCC "TC/1Year" ($)
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