Saudi Arabia’s benchmark Tadawul All Share Index (TASI) closed 0.6%, or 76 points, lower at 12,555 points today, March 3.
Total turnover reached nearly SAR 8.2 billion.
Market Index
Al Rajhi Bank declined 1% to SAR 87.70.
Zain KSA fell more than 6% to SAR 13.96, with about 50 million shares traded, the highest since 2015. The total value of the shares traded exceeded SAR 700 million.
The telecom company released its Q4 2023 financials and announced a cash dividend of SAR 0.50 per share.
Umm Al-Qura Cement declined 2% to SAR 15.78 after the company reported losses of SAR 6.1 million in Q4 2023.
Hail Cement closed at SAR 11.64 (-4%) after going ex-dividend today.
Company Prices
On the other hand, Al Rajhi Takaful and Saudi Steel Pipe went almost limit up to SAR 93.10 and SAR 54, recording the highest close since listing.
Avalon Pharma rose to SAR 193.40 (+8%), with nearly 4.2 million shares worth SAR 800 million traded.
Jadwa REIT Al Haramain closed at SAR 6.79 (-1%) after going ex-dividend.
Write to Parag Deulgaonkar at parag.d@argaam.com
Number of High/Low companies
Market Movers
Company
52 Weeks Range
Price
Change
Price Earnings
ALRAJHI TAKAFUL
93.10
38.00
93.10
93.10
9.92 %
28.38
SSP
54.00
19.34
54.00
54.00
9.87 %
15.91
AVALON PHARMA
193.40
90.20
197.60
193.40
7.56 %
–
ALDREES
191.40
84.70
195.40
191.40
6.10 %
More than 50
MAHARAH
7.73
4.27
8.07
7.73
5.89 %
26.12
RIYADH CABLES
117.00
45.70
122.00
117.00
4.46 %
35.75
SPIMACO
39.85
21.78
45.25
39.85
4.46 %
NEG
MEPCO
46.00
26.90
47.50
46.00
4.19 %
NEG
APC
182.00
38.25
186.00
182.00
4.00 %
16.87
ALBABTAIN
35.00
14.27
35.10
35.00
3.86 %
18.63
Companies trading above 3-Month Average
Company
Average Volume (3M)
Volume
Percentage Change
ZAIN KSA
4,242,485.30
50,141,011.00
1,081.88 %
SFICO
493,659.19
2,056,508.00
316.58 %
SSP
1,272,746.97
4,524,515.00
255.49 %
FITAIHI GROUP
2,974,974.69
8,690,309.00
192.11 %
JAZIRA TAKAFUL
279,013.27
813,171.00
191.45 %
OASIS
214,639.84
616,933.00
187.43 %
EXTRA
571,910.73
1,617,817.00
182.88 %
FIRST MILLS
535,023.55
1,456,632.00
172.26 %
AYYAN
2,100,399.91
5,665,886.00
169.75 %
PETRO RABIGH
2,715,246.17
6,815,668.00
151.01 %
More
Companies achieved the highest and lowest closings in 52 weeks
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