TASI falls 0.7% to 10,284 pts, record lowest close in 43 months
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) fell 0.7%, or 77 points, to 10,284 points today, Oct. 12, marking its lowest close in 43 months, since March 2023.
Total turnover reached nearly SAR 3.5 billion.
The index recorded a low of 10,248 and a high of 10,356.
With today’s decline, the index’s losses since its peak last August reached almost 1,000 points, or 9%.
Market Index
Al Rajhi Bank and Saudi National Bank fell 1% to SAR 61.95 and SAR 37.02, respectively.
Maaden, SABIC, Acwa, SAB, stc, SABIC AN, Alinma Bank, Sulaiman Al Habib and Almarai declined between 1% and 3%.
Alasmak and Al Arabia topped the list of decliners, falling 5%.
Company Prices
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| ALRAJHI | 61.95 | (0.40) | (0.64 %) | - |
| SABIC | 45.70 | (0.80) | (1.72 %) | - |
| SARCO | 52.75 | (0.55) | (1.03 %) | - |
| SAUDI DARB | 1.98 | 0.02 | 1.02 % | - |
| MAADEN | 61.30 | (0.70) | (1.13 %) | - |
| SNB | 37.02 | (0.44) | (1.17 %) | - |
| SAUDI ARAMCO | 25.76 | 0.06 | 0.23 % | - |
| ACWA | 164.00 | (2.10) | (1.26 %) | - |
Meanwhile, Watani Steel led the gainers, rising 10% to SAR 2.92. Almost 21 million shares changed hands.
Write to Parag Deulgaonkar at parag.d@argaam.com
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings |
|---|---|---|---|---|
| WATANI STEEL | 2.92 | 9.77 % | 53.89 | |
| FIPCO | 38.78 | 4.53 % | More than 100 | |
| KEC | 22.25 | 3.78 % | NEG | |
| SPIMACO | 30.74 | 3.29 % | 17.21 | |
| EAST PIPES | 173.60 | 3.09 % | 9.03 | |
| DBS | 11.55 | 3.03 % | 15.77 | |
| LEEJAM SPORTS | 78.25 | 2.89 % | 14.98 | |
| ALKHABEER INCOME 2030 | 7.37 | 2.79 % | - | |
| YANSAB | 33.24 | 2.28 % | 64.27 | |
| SPPC | 6.89 | 2.23 % | NEG |
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| WATANI STEEL | 879,978.45 | 20,980,933.00 | 2,284.26 % |
| SIDC | 442,556.86 | 3,402,271.00 | 668.78 % |
| YAQEEN PETROCHEMICAL ETF | 806.11 | 4,958.00 | 515.05 % |
| SIIG | 798,368.46 | 3,053,545.00 | 282.47 % |
| ARAB SEA | 1,135,294.58 | 4,236,998.00 | 273.21 % |
| NAJRAN CEMENT | 400,755.69 | 1,221,297.00 | 204.75 % |
| SAUDI DARB | 4,629,432.62 | 13,821,341.00 | 198.55 % |
| FIPCO | 67,759.77 | 188,029.00 | 177.49 % |
| RAYDAN | 303,670.26 | 828,992.00 | 172.99 % |
| ALKHABEER INCOME | 30,055.35 | 79,038.00 | 162.97 % |
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
| Company | Price | Change 52 Weeks |
|---|---|---|
| WATANI STEEL | 2.92 | 35.81 % |
| FIPCO | 38.78 | 9.86 % |
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Calendar
Sector Closure
Sector
Value
Change
Change (%)
Most Active Companies
Name
Price
Change (value)Change (%)
Brent Crude Oil
106.67
1.96
1.87 %
Nymex
93.84
1.92
2.09 %
Natural Gas
3.17
(0.03)
(0.98 %)
Gold
4,168.98
(26.50)
(0.63 %)
Silver
60.04
(0.63)
(1.04 %)
High Grade Copper
6.76
0.07
0.99 %
Iron Ore
90.68
(0.30)
(0.33 %)
Aluminum
3,141.75
(34.50)
(1.08 %)
LEAD
1,882.50
(3.00)
(0.16 %)
Zinc
3,753.00
(48.50)
(1.28 %)
Steel
1,297.00
1.00
0.08 %
Wheat (CBOT)
672.25
1.20
0.18 %
Corn (CBOT)
483.00
3.20
0.67 %
Coffee (ICEUS)
290.60
3.65
1.27 %
Whole Milk Powder
4,325.00
(112.50)
(2.60 %)
Skim Milk Powder
3,837.50
225.00
5.86 %
Refining margins
(7.58)
(3.02)
66.23 %
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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