TASI falls 0.9% to 10,497 pts, lowest close since October 2023
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 0.9%, or 97 points, lower at 10,497 points today, Sept. 8, its weakest finish since October 2023.
Total turnover reached nearly SAR 4.1 billion.
The benchmark opened at 10,593 points, touching a high of 10,608 points and slipping to a low of 10,486 points during the session.
The index has shed more than 1,500 points year to date, down 13% from last year’s close.
Market Index
Saudi Aramco fell 1% to SAR 23.25, its lowest close since 2020. Nearly 12.5 million shares changed hands.
Al Rajhi Bank, ACWA Power, Saudi National Bank, SABIC, Almarai, Riyad Bank, Dar Al Arkan, and Maaden shed between 1% and 3%.
Thimar was the top market decliner, falling 10%. Nearly 2.6 million shares, valued at over SAR 120 million, changed hands.
Al Akaria closed at SAR 16.49 (-6%).
Company Prices
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| ALRAJHI | 61.90 | (0.53) | (0.85 %) | - |
| SABIC | 59.15 | (0.85) | (1.42 %) | - |
| SIDC | 18.80 | 0.19 | 1.04 % | - |
| SHL | 20.17 | (0.41) | (1.99 %) | - |
| OGC | 26.90 | 0.40 | 1.51 % | - |
| SNB | 34.50 | (0.48) | (1.37 %) | - |
| SAUDI ARAMCO | 23.25 | (0.22) | (0.94 %) | - |
| ACWA | 204.70 | (4.80) | (2.29 %) | - |
| SULAIMAN ALHABIB | 243.20 | (1.80) | (0.73 %) | - |
| RAOOM | 55.35 | (0.40) | (0.72 %) | - |
| THEEB | 39.06 | (0.85) | (2.12 %) | - |
Meanwhile, Lazurde led the market gainers, rising 6% to SAR 13.02.
Obeikan Glass gained 2% to close at SAR 26.90 after announcing a cash dividend for H2 2024.
Write to Parag Deulgaonkar at parag.d@argaam.com
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings |
|---|---|---|---|---|
| LAZURDE | 13.02 | 6.11 % | NEG | |
| AMAK | 65.95 | 3.69 % | 25.89 | |
| ATAA | 64.30 | 3.46 % | 38.52 | |
| WAFRAH | 25.76 | 3.04 % | NEG | |
| ALDREES | 116.70 | 2.91 % | 30.88 | |
| ALSAGR INSURANCE | 12.50 | 2.80 % | NEG | |
| FIPCO | 36.64 | 2.35 % | NEG | |
| SASCO | 51.40 | 1.98 % | 65.02 | |
| ANAAM HOLDING | 16.40 | 1.86 % | NEG | |
| GACO | 16.35 | 1.81 % | 46.71 |
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| ASTRA INDUSTRIAL | 86,699.00 | 734,896.00 | 747.64 % |
| GACO | 48,106.00 | 401,702.00 | 735.04 % |
| ANAAM HOLDING | 658,297.00 | 5,243,709.00 | 696.56 % |
| THIMAR | 397,915.00 | 2,611,096.00 | 556.19 % |
| RAYDAN | 59,429.00 | 309,536.00 | 420.85 % |
| SFICO | 71,175.00 | 370,598.00 | 420.69 % |
| FIPCO | 65,180.00 | 317,628.00 | 387.31 % |
| OGC | 120,096.00 | 544,846.00 | 353.68 % |
| SAUDI DARB | 6,567,364.00 | 28,853,435.00 | 339.35 % |
| ALAHLI REIT 1 | 57,453.00 | 223,447.00 | 288.92 % |
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
| Company | Price | Change 52 Weeks |
|---|---|---|
| ALBILAD GOLD ETF | 18.96 | 42.99 % |
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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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