TASI falls 1.5% to 10,825 pts, total turnover at SAR 4.3B
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 1.5%, or 165 points, lower at 10,825 points today, June 1, recording its lowest close in November 2023.
Total turnover reached about SAR 4.3 billion.
The market decline came amid a drop in oil prices following OPEC+’s decision to increase production in July.
Market Index
The majority of shares fell, led by Al Rajhi Bank, which slipped 2% to SAR 88.90.
Maaden, ACWA Power, Saudi National Bank, Riyad Bank, SABl, Elm, Mobily, Bank Albilad and Jabal Omar declined between 1% and 4%.
Makkah Construction dropped by 7% to SAR 90.
The newly-listed UCIC was the top decliner, falling 9% to SAR 40.90 (-18% compared to the listing price of SAR 50). Approximately 4.3 million shares were traded. The company announced its financial results for the first quarter of 2025.
GIG closed at SAR 24.02 (-7%) after going ex-dividend.
Company Prices
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| ALRAJHI | 59.27 | (1.47) | (2.42 %) | - |
| SABIC | 54.90 | (0.80) | (1.44 %) | - |
| A.OTHAIM MARKET | 8.12 | 0.05 | 0.62 % | - |
| DALLAH HEALTH | 119.80 | 1.20 | 1.01 % | - |
| GIG | 24.02 | (1.68) | (6.54 %) | - |
| SNB | 33.85 | (0.85) | (2.45 %) | - |
| SAUDI ARAMCO | 24.82 | (0.18) | (0.72 %) | - |
| UCIC | 40.90 | (4.20) | (9.31 %) | - |
On the other hand, Emaar EC was the top gainer, rising 4% to SAR 13.28.
Dallah rose 1% to SAR 119.80 after the company announced a cash dividend for Q1 2025.
Write to Parag Deulgaonkar at parag.d@argaam.com
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings |
|---|---|---|---|---|
| EMAAR EC | 13.28 | 3.91 % | NEG | |
| SINAD HOLDING | 10.42 | 2.56 % | More than 100 | |
| ALKHALEEJ TRNG | 25.35 | 2.22 % | 98.68 | |
| ALYAMAMAH STEEL | 30.30 | 2.19 % | 33.58 | |
| MRNA | 11.00 | 1.85 % | 26.85 | |
| SAUDI CABLE | 130.00 | 1.72 % | 8.65 | |
| DWF | 108.00 | 1.69 % | More than 100 | |
| TAPRCO | 26.64 | 1.19 % | NEG | |
| SSP | 60.60 | 1.17 % | 17.69 | |
| ALINMA RETAIL REIT | 4.58 | 1.10 % | 66.48 |
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| NAHDI | 292,615.00 | 9,116,196.00 | 3,015.42 % |
| MRNA | 81,355.00 | 627,071.00 | 670.78 % |
| DWF | 40,024.00 | 124,956.00 | 212.20 % |
| ALWASAIL INDUSTRIAL | 638,764.00 | 1,698,353.00 | 165.88 % |
| RAYDAN | 66,608.00 | 173,477.00 | 160.44 % |
| NOFOTH | 64,151.00 | 165,287.00 | 157.65 % |
| ALBILAD SOVEREIGN SUKUK ETF | 218,903.00 | 495,633.00 | 126.42 % |
| BONYAN REIT | 74,032.00 | 167,273.00 | 125.95 % |
| YAQEEN 30 ETF | 1,368.00 | 2,790.00 | 103.95 % |
| SABI QUANT ETF | 572.00 | 1,063.00 | 85.84 % |
| 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
108.63
(1.87)
(1.73 %)
Nymex
102.27
(4.15)
(3.96 %)
Natural Gas
2.77
(0.01)
(0.32 %)
Gold
4,591.53
35.03
0.77 %
Silver
73.52
0.86
1.19 %
High Grade Copper
6.22
0.15
2.42 %
Iron Ore
108.58
0.41
0.38 %
Aluminum
3,536.00
74.25
2.14 %
LEAD
1,970.00
(2.50)
(0.13 %)
Zinc
3,358.00
(0.50)
(0.01 %)
Steel
1,120.00
4.00
0.36 %
Wheat (CBOT)
693.00
(10.00)
(1.43 %)
Corn (CBOT)
480.00
(1.40)
(0.29 %)
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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