TASI falls 1.3% to 10,453 pts, lowest close in 3 months
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) fell 1.3%, or 137 points, to 10,453 points today, Dec. 16, recording its lowest close in three months.
Total turnover reached nearly SAR 3.6 billion.
The benchmark opened at 10,601 points, touched a high of 10,609 points, and slipped to a low of 10,450 points.
With today’s decline, the index’s losses since the beginning of the year reached about 1,600 points, down more than 13% from the close of 2024.
Oil prices fell by about 2%, with Brent breaking below $60 a barrel for the first time since last May.
Market Index
Most of the stocks declined. Saudi Aramco and Al Rajhi Bank closed at SAR 23.75 (-1%) and SAR 95.60 (-2%), respectively.
Maaden, SNB, ACWA Power, SABIC AN, SABIC, Masar, Mobily, Elm, Alinma Bank, Bank Albilad, Almarai, Tasnee, Jabal Omar, Seera and Petro Rabigh fell between 1% and 5%.
CHUBB was the top decliner, falling by more than 5%.
Company Prices
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| ALRAJHI | 95.60 | (2.00) | (2.05 %) | - |
| ALMARAI | 44.14 | (0.64) | (1.43 %) | - |
| TAPRCO | 17.16 | 0.06 | 0.35 % | - |
| SNB | 37.20 | (0.30) | (0.80 %) | - |
| SAUDI ARAMCO | 23.75 | (0.25) | (1.04 %) | - |
| RIYADH CEMENT | 23.80 | (0.65) | (2.66 %) | - |
| ALAHLI REIT 1 | 6.52 | 0.26 | 4.15 % | - |
| THEEB | 39.60 | (0.02) | (0.04 %) | - |
| SAL | 165.50 | (1.00) | (0.60 %) | - |
Meanwhile, Dar Al Arkan rose by 3% to close at SAR 15.80.
Arabian Drilling, Luberef and GAS each gained by 1%.
AlAhli REIT 1 jumped by 4% to SAR 6.52 after leasing Qbic Plaza, one of its assets, for five years for SAR 207 million, including VAT.
Write to Parag Deulgaonkar at parag.d@argaam.com
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings |
|---|---|---|---|---|
| ALAHLI REIT 1 | 6.52 | 4.15 % | 42.63 | |
| DAR ALARKAN | 15.80 | 3.47 % | 16.13 | |
| ARABIAN DRILLING | 96.35 | 1.53 % | 59.80 | |
| SENAAT | 37.02 | 1.42 % | 25.99 | |
| RAOOM | 58.65 | 1.21 % | 69.60 | |
| LUBEREF | 98.30 | 1.13 % | 17.39 | |
| GASCO | 84.95 | 1.13 % | 25.94 | |
| JAZADCO | 8.93 | 1.02 % | NEG | |
| NICE ONE | 18.60 | 0.81 % | 62.05 | |
| TALEEM REIT | 10.18 | 0.79 % | 15.21 |
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| ALAHLI REIT 1 | 56,829.00 | 425,389.00 | 648.54 % |
| ADITF | 144,715.00 | 734,075.00 | 407.26 % |
| BUPA ARABIA | 197,156.00 | 936,991.00 | 375.25 % |
| TAPRCO | 334,305.00 | 974,366.00 | 191.46 % |
| ARABIAN SHIELD | 137,600.00 | 392,095.00 | 184.95 % |
| ASTRA INDUSTRIAL | 120,005.00 | 271,040.00 | 125.86 % |
| BANAN | 188,689.00 | 384,278.00 | 103.66 % |
| GASCO | 77,400.00 | 150,390.00 | 94.30 % |
| SAUDI GERMAN HEALTH | 492,304.00 | 952,920.00 | 93.56 % |
| THEEB | 111,918.00 | 216,034.00 | 93.03 % |
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
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Calendar
Sector Closure
Sector
Value
Change
Change (%)
Most Active Companies
Name
Price
Change (value)Change (%)
Brent Crude Oil
67.87
0.54
0.80 %
Nymex
63.83
0.63
0.99 %
Natural Gas
3.30
(0.01)
(0.33 %)
Gold
5,081.66
133.77
2.70 %
Silver
88.23
2.89
3.39 %
High Grade Copper
6.04
(0.05)
(0.80 %)
Iron Ore
102.16
(0.50)
(0.49 %)
Aluminum
3,032.50
74.50
2.48 %
LEAD
1,964.00
3.00
0.15 %
Zinc
3,332.50
13.00
0.39 %
Steel
976.00
(4.00)
(0.41 %)
Wheat (CBOT)
529.25
0.40
0.08 %
Corn (CBOT)
428.75
0.20
0.05 %
Coffee (ICEUS)
317.10
(16.15)
(4.81 %)
Whole Milk Powder
3,562.50
37.50
1.05 %
Skim Milk Powder
2,525.00
125.00
4.95 %
Refining margins
11.81
1.97
20.02 %
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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