TASI falls 0.6% to 10,990 points, total turnover at SAR 10.2B
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 0.6%, or 62 points, lower at 10,990 points today, May 29.
Total turnover reached about SAR 10.2 billion.
MSCI implemented its changes to the market as per its quarterly review of indices carried out on May 14.
Market Index
Saudi Aramco and Al Rajhi Bank fell by 2% to SAR 25 and SAR 91.10, respectively.
ACWA Power, Elm, UCIC, CATRION, Makkah Construction, Bank Albilad and Jabal Omar declined between 2% and 6%.
Raydan fell 2% to SAR 14.68, reaching its lowest close since listing. The company’s board recommended reducing capital and subsequently increasing it through a rights issue.
                Company Prices
| Company | Price | Change | Change (%) | Events | 
|---|---|---|---|---|
| ALRAJHI | 91.10 | (2.10) | (2.25 %) | - | 
| SABIC | 55.70 | (0.90) | (1.59 %) | - | 
| SIIG | 16.54 | 0.60 | 3.76 % | - | 
| SINAD HOLDING | 10.16 | (0.22) | (2.12 %) | - | 
| SNB | 34.70 | 0.15 | 0.43 % | - | 
| SAUDI ARAMCO | 25.00 | (0.45) | (1.77 %) | - | 
| ACWA POWER | 256.95 | (7.94) | (3.00 %) | - | 
| RAYDAN | 14.68 | (0.32) | (2.13 %) | - | 
| BONYAN REIT | 9.27 | (0.17) | (1.80 %) | - | 
| ATAA | 63.80 | 2.00 | 3.24 % | - | 
On the other hand, SIIG rose 4% to SAR 16.54 after the company received approval from the Ministry of Energy to allocate feedstock for its project in Jubail Industrial City.
Ataa gained by more than 3%.
East Pipes surged 8% to SAR 124, with nearly 440,000 shares traded.
Saudi Re’s was the top gainer, rising by more than 9%.
Bonyan REIT closed at SAR 9.27 (-2%) after going ex-dividend.
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 | 34.45 | 9.31 % | 12.23 | |
| EAST PIPES | 124.00 | 7.83 % | 9.74 | |
| ARABIAN DRILLING | 84.20 | 5.12 % | 29.94 | |
| NADEC | 21.30 | 4.72 % | 8.27 | |
| RASAN | 82.60 | 4.16 % | 55.55 | |
| JARIR | 12.86 | 4.05 % | 15.88 | |
| ALMOOSA | 156.00 | 4.00 % | 52.42 | |
| MESC | 31.45 | 3.97 % | 14.93 | |
| SIIG | 16.54 | 3.76 % | 58.54 | |
| SRMG | 143.40 | 3.76 % | 78.70 | 
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change | 
|---|---|---|---|
| MCDC | 357,970.00 | 8,557,619.00 | 2,290.60 % | 
| JABAL OMAR | 4,379,588.00 | 58,750,401.00 | 1,241.46 % | 
| SINAD HOLDING | 337,091.00 | 2,646,974.00 | 685.24 % | 
| SULAIMAN ALHABIB | 216,578.00 | 1,102,321.00 | 408.97 % | 
| TASHEEL | 65,016.00 | 282,963.00 | 335.22 % | 
| ALINMA | 6,101,729.00 | 23,569,905.00 | 286.28 % | 
| ARABIAN DRILLING | 232,998.00 | 868,425.00 | 272.72 % | 
| ALJOUF | 145,377.00 | 529,706.00 | 264.37 % | 
| YANSAB | 484,530.00 | 1,759,528.00 | 263.14 % | 
| ALBILAD | 1,860,589.00 | 6,350,537.00 | 241.32 % | 
| 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
                    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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