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
22.96
19.86
9.97 %
NEG
MAADEN
48.55
35.40
51.15
48.55
9.97 %
More than 50
Amiantit
60.20
32.65
60.20
60.20
9.85 %
NEG
ALBAHA
0.14
0.12
0.22
0.14
7.69 %
NEG
FIPCO
54.80
34.15
56.90
54.80
7.45 %
More than 50
AMAK
57.80
48.30
61.92
57.80
7.43 %
More than 50
Enaya
15.30
9.00
17.00
15.30
4.51 %
10.21
Amana Insurance
13.08
9.00
14.20
13.08
4.47 %
28.90
ALKHALEEJ TRNG
25.70
13.84
26.00
25.70
4.47 %
More than 50
SARCO
93.00
72.40
99.70
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
Companies achieved the highest and lowest closings in 52 weeks
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