Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 0.3%, or 35 points, higher at 11,967 points today, Dec. 31, the highest close since October 2022.
Total turnover reached almost SAR 5.3 billion.
The index gained nearly 1,500 points or 14.2% in 2023.
Market Index
Maaden went almost limit up to close at SAR 48.55 with nearly 7 million shares worth SAR 320 million traded.
eXtra closed at SAR 89.70 (+2%) after the retailer announced its intention to launch an initial public offering for its subsidiary United International Holding Co., which owns Tasheel Finance.
Amiantit rose nearly 10% to SAR 60.20, with almost 350,000 shares traded. The company signed a settlement agreement with a local creditor bank to transfer its entire stake in its wholly owned subsidiary.
Budget Saudi recorded the highest closing since listing at SAR 79 (+1%).
Company Prices
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
|
ALRAJHI |
86.50 | (0.50) | (0.57 %) |
– |
|
Amiantit |
60.20 | 5.40 | 9.85 % |
– |
|
SABIC |
83.50 | 0.20 | 0.24 % |
– |
|
Extra |
89.70 | 1.60 | 1.82 % |
– |
|
SNB |
38.65 | (0.05) | (0.13 %) |
– |
|
Saudi Aramco |
33.00 | (0.05) | (0.15 %) |
– |
|
MEPCO |
34.50 | 0.40 | 1.17 % |
– |
On the other hand, Al Rajhi Bank declined 1% to SAR 86.50.
Shares of Etihad Etisalat, Almarai, City Cement, Zamil Industrial and Yamama Cement fell between 1% and 2%.
Write to Parag Deulgaonkar at parag.d@argaam.com
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings |
|---|---|---|---|---|
| Maadaniyah |
19.86 15.60 |
19.86 | 9.97 % | NEG |
| MAADEN |
48.55 35.40 |
48.55 | 9.97 % | More than 50 |
| Amiantit |
60.20 32.65 |
60.20 | 9.85 % | NEG |
| ALBAHA |
0.14 0.12 |
0.14 | 7.69 % | NEG |
| FIPCO |
54.80 34.15 |
54.80 | 7.45 % | More than 50 |
| AMAK |
57.80 48.30 |
57.80 | 7.43 % | More than 50 |
| Enaya |
15.30 9.00 |
15.30 | 4.51 % | 10.21 |
| Amana Insurance |
13.08 9.00 |
13.08 | 4.47 % | 28.90 |
| ALKHALEEJ TRNG |
25.70 13.84 |
25.70 | 4.47 % | More than 50 |
| SARCO |
93.00 72.40 |
93.00 | 3.79 % | More than 50 |
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
|
Maadaniyah |
194,380.68 | 2,582,778.00 | 1,228.72 % |
|
AMAK |
329,064.53 | 3,348,140.00 | 917.47 % |
|
MAADEN |
1,182,176.79 | 6,645,226.00 | 462.12 % |
|
ZOUJAJ |
263,210.33 | 1,148,816.00 | 336.46 % |
|
TCC |
173,862.33 | 717,819.00 | 312.87 % |
|
SACO |
284,053.50 | 1,165,405.00 | 310.28 % |
|
ALYAMAMAH STEEL |
268,077.55 | 1,076,694.00 | 301.64 % |
|
SARCO |
163,544.73 | 611,021.00 | 273.61 % |
|
EQUIPMENT HOUSE |
186,772.86 | 651,989.00 | 249.08 % |
|
FIPCO |
562,435.58 | 1,816,406.00 | 222.95 % |
| More | |||