Tadawul trading screen
Tadawul All-Share Index (TASI) surged 14%, or 1,541 points between Eid al-Fitr holidays of 2023/24.
The index closed the last session before Eid al-Fitr holiday at 12,705 points, compared with 11,164 points in the same period a year earlier.
During this period, interest rates were maintained in a range between 5.25% and 5.50% for the fifth consecutive time, since the cost of borrowing were raised in July 2023.
Saudi Arabia has extended its voluntary oil output cut of one million barrels per day, which was implemented in July 2023, until the end of the second quarter of 2024 in coordination with some OPEC+ participating countries. Therefore, the Kingdom's production will be approximately nine million barrels per day until the end of June 2024.
The following table indicates the performance of TASI between Eid al-Fitr holidays since 2004:
|
Performance of TASI between Eid al-Fitr holidays |
||||
|
Period |
Opening |
Close |
Change (Points) |
Change |
|
2004-2005 |
7734 |
15617 |
7883 |
102% |
|
2005-2006 |
15617 |
10545 |
(5072) |
(32%) |
|
2006-2007 |
10545 |
7806 |
(2739) |
(26%) |
|
2007-2008 |
7806 |
7459 |
(347) |
(4%) |
|
2008-2009 |
7459 |
5948 |
(1511) |
(20%) |
|
2009-2010 |
5948 |
6306 |
358 |
+6% |
|
2010-2011 |
6306 |
5979 |
(327) |
(5%) |
|
2011-2012 |
5979 |
7004 |
1025 |
+17% |
|
2012-2013 |
7004 |
8072 |
1068 |
+15% |
|
2013-2014 |
8072 |
10215 |
2143 |
+27% |
|
2014-2015 |
10215 |
9338 |
(877) |
(9%) |
|
2015-2016 |
9338 |
6500 |
(2838) |
(30%) |
|
2016-2017 |
6500 |
7426 |
926 |
+14% |
|
2017-2018 |
7426 |
8270 |
844 |
+11% |
|
2018-2019 |
8270 |
8516 |
246 |
+3% |
|
2019-2020 |
8516 |
7051 |
(1465) |
(17%) |
|
2020-2021 |
7051 |
10323 |
3272 |
+46% |
|
2021-2022 |
10323 |
13734 |
3411 |
+33% |
|
2022-2023 |
13734 |
11164 |
(2570) |
(19%) |
|
2023-2024 |
11164 |
12705 |
1541 |
+14% |
Stock Performance
Gainers outnumbered losers by 135 to 70 in the same period.
GO topped risers, skyrocketing 425%. It was followed by Arabian Pipes, MEDGULF, Salama and Saudi Steel Pipe, which surged more than 200% each.
The following table indicates the top gainers between Eid al-Fitr holidays:
|
Top Gainers* |
|||
|
Company |
April 17, 2023 (SAR) |
April 24 2024 (SAR) |
Change |
|
GO |
19.10 |
100.20 |
+425 |
|
Arabian Pipes |
50.20 |
162.60 |
+224 |
|
MEDGULF |
8.25 |
26.30 |
+219 |
|
Salama |
10.15 |
30.90 |
+ 204 |
|
Saudi Steel Pipe |
23.60 |
71.50 |
+ 203 |
|
Electrical Industries |
1.53 |
4.49 |
+193 |
|
Astra |
63.90 |
178.00 |
+179 |
|
Saudi Paper |
29.55 |
80.00 |
+171 |
|
Al Rajhi Takaful |
41.28 |
105.00 |
+154 |
|
East Pipes |
51.80 |
130.00 |
+151 |
|
Saudi German Health |
37.20 |
91.70 |
+147 |
|
Saudi Chemical |
3.00 |
7.31 |
+144 |
|
ACWA Power |
156.00 |
363.80 |
+133 |
|
Al-Babtain |
17.07 |
39.65 |
+132 |
|
Gulf Union AlAhlia |
9.88 |
22.92 |
+132 |
|
CHUBB |
17.62 |
40.85 |
+132 |
|
Al-Sagr |
13.40 |
30.65 |
+129 |
|
MESC |
12.54 |
28.50 |
+127 |
|
ELM |
436.80 |
989.20 |
+126 |
|
NADEC |
13.16 |
29.10 |
+121 |
Top losers
Thimar led decliners, falling 50%. Alamar Foods Co., Tihama and Petro Rabigh dropped between 30% and 33%.
|
Top Losers (SAR)* |
|||
|
Company |
April 17, 2023 (SAR) |
April 24 2024 (SAR) |
Change |
|
Thimar |
25.45 |
12.66 |
(50) |
|
Alamar |
135.00 |
90.40 |
(33) |
|
Tihama |
23.22 |
16.10 |
(31) |
|
Petro Rabigh |
11.02 |
7.69 |
(30) |
|
GACO |
25.70 |
18.12 |
(29) |
|
Najran Cement |
14.58 |
10.28 |
(29) |
|
Chemanol |
24.68 |
17.52 |
(29) |
|
Al Kathiri |
3.78 |
2.79 |
(26) |
|
Cenomi Retail |
16.30 |
12.10 |
(26) |
|
Sadirat |
35.75 |
27.00 |
(24) |
|
Anaam |
1.39 |
1.07 |
(23) |
|
Southern Cement |
52.50 |
40.60 |
(23) |
|
Saudi Kayan |
12.90 |
10.06 |
(22) |
|
Development Works Food |
159.80 |
126.60 |
(21) |
|
Takween |
16.26 |
13.16 |
(19) |
|
Nahdi |
178.80 |
146.00 |
(18) |
|
Northern Cement |
12.06 |
9.91 |
(18) |
|
Yanbu Cement |
35.05 |
29.00 |
(17) |
|
SHL |
20.14 |
16.70 |
(17) |
|
Emaar EC |
9.94 |
8.25 |
(17) |
Among blue chips, ACWA Power was the top gainer, soaring 133%. Elm came second with a rise of 126%, followed by Savola (69%).
On the other hand, stc was the biggest loser, shedding 8%, followed by Saudi Aramco and SABIC, which dropped 4% each.
|
Performance of Blue Chips (SAR) |
|||
|
Company |
April 17, 2023 (SAR) |
April 24 2024 (SAR) |
Change |
|
Aramco |
31.50 |
30.30 |
( 4) |
|
Al Rajhi |
76.50 |
84.50 |
10+ |
|
SNB |
37.61 |
41.20 |
10+ |
|
ACWA Power |
156.00 |
363.80 |
133+ |
|
Alinma |
32.05 |
44.45 |
39+ |
|
stc |
42.55 |
38.95 |
(8) |
|
SABIC |
92.00 |
88.40 |
(4) |
|
Sulaiman Al-Habib |
278.80 |
324.20 |
16+ |
|
Riyad Bank |
30.90 |
29.80 |
(4) |
|
Maaden |
46.09 |
52.50 |
14+ |
|
SAB |
36.65 |
42.20 |
15+ |
|
BSF |
39.40 |
38.30 |
(3) |
|
Albilad |
41.70 |
48.45 |
16+ |
|
Almarai |
57.20 |
57.10 |
(0.2) |
|
Mobily |
43.70 |
54.50 |
25+ |
|
Jabal Omar |
22.96 |
30.30 |
32+ |
|
Savola |
31.10 |
52.50 |
69+ |
|
SABIC AN |
128.40 |
121.80 |
(5) |
|
ANB |
27.10 |
30.60 |
13+ |
|
Elm |
436.80 |
989.20 |
126+ |
Performance of REITs:
REITs showed mixed performance, with four only closing in the green.
Musharaka REIT Fund and Derayah REIT Fund led losers, falling by 25% each.
On the other hand, AlJazira REIT Fund topped gainers, leaping 11%.
|
Performance of REITs (SAR) |
|||
|
Company |
April 17, 2023 (SAR) |
April 24 2024 (SAR) |
Change |
|
AlJazira REIT |
16.32 |
18.08 |
+11 |
|
Bonyan REIT |
9.66 |
9.99 |
+3 |
|
Alinma Retail |
5.08 |
5.13 |
+1 |
|
Al-Maather REIT |
8.96 |
9.04 |
+1 |
|
Alkhabeer REIT |
6.65 |
6.57 |
(1) |
|
MEFIC REIT |
5.07 |
4.97 |
(2) |
|
Taleem REIT |
11.40 |
11.04 |
(3) |
|
Jadwa REIT Saudi |
13.26 |
12.60 |
(5) |
|
Alinma Hospitality |
9.00 |
8.54 |
(5) |
|
Jadwa REIT Al-Haramain |
7.55 |
6.80 |
(10) |
|
Al-Rajhi REIT |
9.80 |
8.79 |
(10) |
|
Riyad REIT |
9.10 |
8.00 |
(12) |
|
AlAhli REIT (1) |
9.73 |
8.46 |
(13) |
|
SEDCO Capital |
10.26 |
8.79 |
(14) |
|
SICO Saudi |
5.70 |
4.88 |
(14) |
|
Mulkia REIT |
7.50 |
6.16 |
(18) |
|
Derayah REIT |
9.75 |
7.33 |
(25) |
|
Musharaka REIT |
7.52 |
5.62 |
(25) |
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