TASI dips 0.7% to 10,124 pts, turnover at SAR 3.6B
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 0.7%, or 66 points, lower at 10,124 points today, Oct. 19. Total turnover stood at about SAR 3.6 billion.
The index recorded a high of 10,199 points and a low of 10,086.
Market Index
Banking heavyweights edged lower, with Al Rajhi Bank down 1% to SAR 60.55 and SNB dropping 2% to SAR 36.98.
Watani Steel led the decliners as it hit the floor at SAR 2.90, amid trading of approximately 24 million shares.
Amlak closed at SAR 8.01 (-7%) as the stock traded ex-dividend.
Tihama, Al Arabia, Eastern Pipes, Bawan, AICC, Raydan, Luberef, flynas and Tanmiah fell by percentages ranging between 3% and 6%.
Company Prices
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| ALRAJHI | 60.55 | (0.60) | (0.98 %) | - |
| SABIC | 45.26 | (0.46) | (1.01 %) | - |
| AMLAK | 8.01 | (0.64) | (7.40 %) | - |
| SNB | 36.98 | (0.60) | (1.60 %) | - |
| SAUDI ARAMCO | 25.80 | 0.00 | 0.00 % | - |
| ACWA | 159.30 | 1.20 | 0.76 % | - |
| ALANDALUS | 13.30 | 0.14 | 1.06 % | - |
| DERAYAH REIT | 5.23 | 0.03 | 0.58 % | - |
In contrast, Arab Sea stock led the gainers with a 10% increase, followed by Advanced with a 6% gain, and Sipchem with a 3% rise.
Write to Nadeshda Zareen at nadeshda.zareen@argaam.com
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings |
|---|---|---|---|---|
| ARAB SEA | 4.12 | 9.87 % | NEG | |
| ADVANCED | 23.19 | 5.79 % | NEG | |
| SIPCHEM | 11.85 | 3.22 % | NEG | |
| MARAFIQ | 43.30 | 3.10 % | 35.73 | |
| SIIG | 11.90 | 3.03 % | More than 100 | |
| AZM | 29.52 | 2.57 % | 34.74 | |
| GO TELECOM | 71.40 | 2.51 % | 9.14 | |
| SAUDI CERAMICS | 21.50 | 2.38 % | 24.04 | |
| ALUJAIN | 26.26 | 2.18 % | NEG | |
| ALAMAR | 38.98 | 1.78 % | 19.49 |
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| LADUN | 6,478,482.52 | 98,464,037.00 | 1,419.86 % |
| WATANI STEEL | 2,728,659.82 | 23,940,346.00 | 777.37 % |
| TAIBA | 175,483.71 | 1,103,640.00 | 528.91 % |
| BANAN | 661,266.80 | 3,981,772.00 | 502.14 % |
| ARAB SEA | 1,383,268.91 | 6,462,349.00 | 367.18 % |
| ADVANCED | 456,462.75 | 2,082,385.00 | 356.20 % |
| ALBILAD US TECH ETF | 12,197.92 | 41,161.00 | 237.44 % |
| MIAHONA | 1,697,670.35 | 5,330,848.00 | 214.01 % |
| AMLAK | 357,935.28 | 1,030,567.00 | 187.92 % |
| ALARABIA | 306,903.11 | 849,039.00 | 176.65 % |
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
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Calendar
| Company | Event |
|---|---|
| SPORT CLUBS | General Assembly |
| BUILD STATION | Cash Dividend Distribution |
| General Authority For Statistics | Reports |
Sector Closure
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