TASI falls 1.7% to 11,000 pts, total turnover at SAR 3.4B
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 1.7%, or 189 points, lower at 11,000 points today, May 25, recording its lowest close in a month and a half.
Total turnover reached about SAR 3.4 billion.
The market's decline came amid renewed trade tensions and growing uncertainty over the financial outlook of the world's largest economy.
                Market Index
Al Rajhi Bank and Saudi Aramco fell to SAR 92.10 (-2%) and SAR 25 (-1%), respectively.
SABIC recorded its lowest close since 2009 at SAR 57.50 (-2%), with approximately 1.5 million shares traded.
ACWA Power declined by 8% to SAR 251.
Saudi National Bank, Alinma Bank, Maaden, stc, Almarai, Elm, Mobily, BSF, and Dar Al Arkan closed down between 1% and 4%.
Saudi Chemical closed at SAR 7.59 (-2%) after going ex-dividend.
                Company Prices
| Company | Price | Change | Change (%) | Events | 
|---|---|---|---|---|
| ETIHAD ETISALAT | 56.00 | (0.80) | (1.41 %) | - | 
| ALRAJHI | 92.10 | (1.90) | (2.02 %) | - | 
| SABIC | 57.50 | (1.30) | (2.21 %) | - | 
| CHEMICAL | 7.59 | (0.19) | (2.44 %) | - | 
| BUDGET SAUDI | 70.10 | (0.40) | (0.57 %) | - | 
| NASEEJ | 82.90 | (0.70) | (0.84 %) | - | 
| SNB | 34.50 | (1.00) | (2.82 %) | - | 
| SAUDI ARAMCO | 25.00 | (0.15) | (0.60 %) | - | 
| ACWA POWER | 249.02 | (21.03) | (7.79 %) | - | 
| DERAYAH REIT | 5.41 | (0.18) | (3.22 %) | - | 
On the other hand, Tasnee and Saudi Steel Pipes rose to SAR 9.36 (+3%) and SAR 61.20 (+5%), respectively.
Albilad Gold ETF gained by 2% to close at SAR 17.80.
Write to Parag Deulgaonkar at parag.d@argaam.com
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings | 
|---|---|---|---|---|
| SSP | 61.20 | 4.79 % | 17.86 | |
| RAOOM | 72.00 | 4.35 % | 37.65 | |
| TASNEE | 9.36 | 3.43 % | 5.85 | |
| CMCER | 6.95 | 2.81 % | 52.11 | |
| OBEIKAN GLASS | 31.80 | 2.75 % | NEG | |
| ALBILAD GOLD ETF | 17.80 | 2.06 % | - | |
| MEPCO | 29.40 | 1.91 % | NEG | |
| ALISTITHMAR REIT | 8.26 | 1.85 % | - | |
| SVCP | 31.40 | 1.78 % | NEG | |
| DALLAH HEALTH | 120.00 | 1.69 % | 24.02 | 
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change | 
|---|---|---|---|
| RAOOM | 60,126.00 | 429,401.00 | 614.17 % | 
| SARCO | 137,374.00 | 810,996.00 | 490.36 % | 
| ADITF | 102,037.00 | 601,178.00 | 489.18 % | 
| SSP | 277,745.00 | 1,009,131.00 | 263.33 % | 
| CMCER | 164,530.00 | 547,226.00 | 232.60 % | 
| ALMUNAJEM | 93,004.00 | 275,616.00 | 196.35 % | 
| BONYAN REIT | 68,966.00 | 196,627.00 | 185.11 % | 
| SUMOU | 205,522.00 | 530,188.00 | 157.97 % | 
| ACWA POWER | 235,773.00 | 590,475.00 | 150.44 % | 
| ZOUJAJ | 197,601.00 | 450,288.00 | 127.88 % | 
| 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
                    63.90
                    
                        (0.79)
                        (1.24 %)
                    
                Nymex
                    60.57
                    
                        0.09
                        0.15 %
                    
                Natural Gas
                    4.05
                    
                        (0.01)
                        (0.15 %)
                    
                Gold
                    4,002.39
                    
                        (21.57)
                        (0.54 %)
                    
                Silver
                    48.77
                    
                        (0.02)
                        (0.05 %)
                    
                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
                    3,028.50
                    
                        (14.50)
                        (0.48 %)
                    
                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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