TASI rises 0.6% to 11,316 pts, total turnover at SAR 4.3B
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 0.6%, or 71 points, higher at 11,316 points today, July 6.
Total turnover stood at about SAR 4.3 billion.
Market Index
ACWA Power shares climbed 8% to SAR 265.6, while its rights surged 68% on their debut, reaching SAR 60.45 per share. Around one million rights were traded at a total value of SAR 54 million.
Cenomi Retail closed at SAR 29.82 (+3%) amid heavy trading of approximately 12 million shares worth more than SAR 360 million. The company announced that a strategic investor is seeking to acquire up to a 49.95% stake, with negotiations ongoing with several substantial shareholders.
SAPTCO, Naseej, MEPCO, Miahona, Emaar EC, MEDGULF, Halwani Bros, Dar Al Arkan, Yamama Cement, and SHL rose by 2% to 6%.
Company Prices
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| ALRAJHI | 64.14 | 0.13 | 0.21 % | - |
| ALMARAI | 51.20 | (0.05) | (0.10 %) | - |
| SABIC | 56.30 | (0.45) | (0.79 %) | - |
| SIPCHEM | 19.50 | (0.36) | (1.81 %) | - |
| PETRO RABIGH | 7.87 | (0.07) | (0.88 %) | - |
| AFG RETAIL | 29.82 | 0.82 | 2.83 % | - |
| GULF GENERAL | 6.07 | 0.15 | 2.53 % | - |
| SNB | 36.90 | (0.42) | (1.13 %) | - |
| SAUDI ARAMCO | 24.87 | 0.09 | 0.36 % | - |
| ACWA | 265.60 | 19.60 | 7.97 % | - |
Meanwhile, Saudi National Bank fell by 1% to SAR 36.90.
SABIC closed at SAR 19.50 (-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 |
|---|---|---|---|---|
| ACWA | 265.60 | 7.97 % | More than 100 | |
| NASEEJ | 67.63 | 6.60 % | NEG | |
| SAPTCO | 14.79 | 5.64 % | More than 100 | |
| MEPCO | 29.86 | 5.44 % | NEG | |
| ABO MOATI | 41.60 | 4.10 % | 31.85 | |
| WAFRAH | 30.20 | 3.42 % | NEG | |
| MIAHONA | 26.88 | 3.38 % | 52.81 | |
| ALBABTAIN | 56.85 | 3.36 % | 11.55 | |
| SHL | 17.50 | 3.31 % | 39.98 | |
| WATANI STEEL | 2.19 | 3.30 % | 52.52 |
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| ALINMA RETAIL REIT | 162,226.00 | 1,006,410.00 | 520.38 % |
| BAAN | 3,126,975.00 | 15,940,778.00 | 409.78 % |
| GULF GENERAL | 409,923.00 | 1,882,897.00 | 359.33 % |
| NASEEJ | 248,982.00 | 1,057,388.00 | 324.68 % |
| AFG RETAIL | 3,132,124.00 | 12,380,441.00 | 295.27 % |
| NAYIFAT | 261,270.00 | 1,028,498.00 | 293.65 % |
| HB | 62,565.00 | 245,466.00 | 292.34 % |
| SAPTCO | 331,937.00 | 1,130,137.00 | 240.47 % |
| ALINMA HOSPITALITY REIT | 153,151.00 | 516,122.00 | 237.00 % |
| ASLAK | 54,534.00 | 172,698.00 | 216.68 % |
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
| Company | Price | Change 52 Weeks |
|---|---|---|
| AFG RETAIL | 29.82 | 264.55 % |
| ALBABTAIN | 56.85 | 46.14 % |
| ALBILAD US TECH ETF | 20.29 | 14.76 % |
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Sector Closure
Sector
Value
Change
Change (%)
Most Active Companies
Name
Price
Change (value)Change (%)
Brent Crude Oil
104.15
3.95
3.91 %
Nymex
91.49
3.21
3.61 %
Natural Gas
3.17
(0.04)
(1.06 %)
Gold
4,157.00
16.30
0.39 %
Silver
59.42
(0.87)
(1.45 %)
High Grade Copper
6.57
(0.08)
(1.22 %)
Iron Ore
91.13
(0.05)
(0.05 %)
Aluminum
3,165.00
(63.00)
(1.95 %)
LEAD
1,863.50
(26.50)
(1.40 %)
Zinc
3,707.00
(56.00)
(1.48 %)
Steel
1,295.00
0.00
0.00 %
Wheat (CBOT)
683.25
(3.20)
(0.47 %)
Corn (CBOT)
500.25
(1.60)
(0.32 %)
Coffee (ICEUS)
289.05
(3.65)
(1.24 %)
Whole Milk Powder
4,437.50
(12.50)
(0.28 %)
Skim Milk Powder
3,612.50
(25.00)
(0.69 %)
Refining margins
(2.94)
(5.33)
(223.01 %)
VLCC "Spot"
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Fujairah Fuel Pric (mt) ($)
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VLCC "TC/1Year" ($)
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LPG (mt) ($)
-
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Call Request
Comments Analysis: