TASI declines 0.5% to 10,543 pts, turnover at SAR 3.6B
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) declined 0.5%, or 48 points, to 10,543 points today, Dec. 1, recording its lowest close in nearly two and a half months.
Total turnover reached nearly SAR 3.6 billion.
The index fell for the seventh consecutive session, recording losses of 468 points or 4.3%
The benchmark opened at 10,595 points, touched a high of 10,600 points, and slipped to a low of 10,499 points during the session.
Market Index
Saudi Aramco fell 1% to SAR 24.33, with approximately 10 million shares changing hands for SAR 230 million.
Al Rajhi Bank declined by less than 1%.
ACWA Power, SNB, stc, Arab National Bank, Riyad Bank, Bahri, Bank Albilad, Almarai, SAB and Dar Al Arkan slipped between 1% and 3%.
SIDC was the top decliner by 8%.
Cherry fell by 6% on debut to SAR 26.40 (-SAR1.60 compared to the listing price of SAR 28), with trading exceeding 9 million shares worth SAR 260 million.
UCIC and MESC closed at SAR 26.64 (-5%) and SAR 22.36 (-3%), respectively, after going ex-dividend.
Company Prices
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| ALRAJHI | 96.35 | (0.45) | (0.46 %) | - |
| SABIC | 54.65 | 0.65 | 1.20 % | - |
| JOUF CEMENT | 6.70 | 0.12 | 1.82 % | - |
| ALBABTAIN | 64.05 | (0.90) | (1.39 %) | - |
| MESC | 22.36 | (0.78) | (3.37 %) | - |
| SNB | 36.40 | (0.34) | (0.93 %) | - |
| SAUDI ARAMCO | 24.33 | (0.21) | (0.86 %) | - |
| ACWA POWER | 186.20 | (5.80) | (3.02 %) | - |
| ALJAZIRA REIT | 12.06 | (0.74) | (5.78 %) | - |
| UCIC | 26.64 | (1.50) | (5.33 %) | - |
| CHERRY | 26.40 | (1.60) | (5.71 %) | - |
Meanwhile, Mobily, SABIC, BSF, Maaden, Mouwasat, Aldrees, and Budget Saudi Arabia rose between 1% and 2%.
Rasan recorded its highest closing price since its market listing at SAR 119.90 (+3%), bringing its year-to-date gains to more than 40%.
Write to Parag Deulgaonkar at parag.d@argaam.com
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings |
|---|---|---|---|---|
| ALISTITHMAR REIT | 7.30 | 3.55 % | - | |
| SRMG | 148.00 | 3.21 % | NEG | |
| RASAN | 119.90 | 3.10 % | 47.14 | |
| MUTAKAMELA | 12.35 | 2.92 % | 48.97 | |
| ADITF | 9.25 | 2.66 % | - | |
| NAQI | 54.00 | 2.47 % | 81.60 | |
| CHEMANOL | 8.79 | 2.21 % | NEG | |
| BUDGET SAUDI | 65.65 | 2.10 % | 14.63 | |
| ARTEX | 11.88 | 2.06 % | NEG | |
| ALKATHIRI | 1.98 | 2.06 % | NEG |
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| ADITF | 56,972.86 | 309,890.00 | 443.93 % |
| SFICO | 88,537.20 | 401,831.00 | 353.86 % |
| JARIR | 1,815,925.42 | 6,212,045.00 | 242.09 % |
| FIRST MILLS | 48,631.02 | 157,091.00 | 223.03 % |
| BINDAWOOD | 858,568.95 | 2,753,131.00 | 220.67 % |
| TADAWUL GROUP | 137,650.84 | 421,730.00 | 206.38 % |
| ALKHALEEJ TRNG | 267,046.30 | 606,810.00 | 127.23 % |
| RASAN | 498,148.28 | 1,090,088.00 | 118.83 % |
| EQUIPMENT HOUSE | 57,280.03 | 119,537.00 | 108.69 % |
| ALKATHIRI | 1,242,014.53 | 2,551,220.00 | 105.41 % |
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
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Calendar
| Company | Event |
|---|---|
| FITAIHI GROUP | Cash Dividend Distribution |
| SIPCHEM | Ex-dividend Date |
| ABO MOATI | Ex-dividend Date |
| SAL | Cash Dividend Distribution |
| Exhibitions and conferences | Conferences |
| CHERRY | listing date |
| EFSiM | Key Events |
Sector Closure
Sector
Value
Change
Change (%)
Most Active Companies
Name
Price
Change (value)Change (%)
Brent Crude Oil
63.30
0.93
1.48 %
Nymex
59.43
0.88
1.49 %
Natural Gas
4.86
0.01
0.25 %
Gold
4,267.10
21.70
0.51 %
Silver
57.35
0.71
1.26 %
High Grade Copper
5.32
0.05
1.02 %
Iron Ore
106.09
(0.91)
(0.86 %)
Aluminum
2,868.50
23.75
0.83 %
LEAD
1,994.50
15.50
0.78 %
Zinc
3,074.00
24.50
0.80 %
Steel
937.00
4.00
0.43 %
Wheat (CBOT)
534.50
(4.40)
(0.82 %)
Corn (CBOT)
446.75
(0.60)
(0.13 %)
Coffee (ICEUS)
373.70
(7.60)
(2.02 %)
Whole Milk Powder
3,850.00
(175.00)
(4.55 %)
Skim Milk Powder
2,425.00
0.00
0.00 %
Refining margins
13.52
0.17
1.27 %
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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