‎TASI rises 6% between Eid al-Adha holidays 2022-23

Tadawul All-Share Index (TASI) rose 0.4% or 42 points between Eid al-Adha holidays of 2022/2023.

The index closed the last session before Eid al-Adha holiday at 11,459 points, compared with 11,417 points in the same period a year earlier.

The most important events during this period included raising the interest rates several times to reach the range between 5.00% and 5.25%. The Federal Reserve decided in the last meeting to keep the interest rate unchanged.

TASI has leapt nearly 9% or 981 points since the beginning of 2023 and until Eid al-Adha holiday.

The market will reopen tomorrow, July 2, and the listed companies are expected to start announcing their Q2 2023 financials.

In addition, the Saudi Central Bank (SAMA) raised its reverse repo rate to 175 basis points (bps) and the repo rate to 225 bps.

The following table indicates the performance of TASI between Eid al-Adha holidays since 2004:

Performance of TASI between Eid al-Adha holidays

Period

Open

Close

Change (Points)

Change

2004-2005

4584

9187

4603

+100%

2005-2006

9187

7933

(1254)

(14%)

2006-2007

7933

11350

3417

+43%

2007-2008

11350

4655

(6695)

(59%)

2008-2009

4655

6356

1701

+37%

2009-2010

6356

6444

88

+1%

2010-2011

6444

6216

(228)

(4%)

2011-2012

6216

6791

575

+9%

2012-2013

6791

7983

1192

+18%

2013-2014

7983

10851

2869

+36%

2014-2015

10851

7443

(3408)

(31%)

2015-2016

7443

6177

(1266)

(17%)

2016-2017

6177

7259

1082

+18%

-20172018

7259

7867

608

+8%

2018-2019

7867

8550

683

+9%

2019-2020

8550

7459

(1091)

(13%)

2020-2021

7459

10795

3336

+45%

2021 – 2022

10795

11417

622

+6%

2022-2023

11417

11459

42

+0.4%

On stock performance, gainers outnumbered losers by 122 to 71 during the same period, while three stocks remained unchanged.

Tawuniya topped gainers, surging 141%. It was followed by Care and Elm, which jumped 139% and 124%, respectively. Seera advanced 72%.

Top Gainers

Company

July 6, 2022 (SAR)

June 22, 2023 (SAR)

Change

Tawuniya

58.20

140.00

+141%

Care

53.70

128.60

+139%

Elm

260.00

582.00

+124%

Saudi German Hospital

32.55

70.70

+117%

SADAFCO

158.40

319.00

+101%

Electrical Industries

17.89

35.40

+98%

Al Rajhi Takaful

71.50

137.00

+92%

Etihad Atheeb

40.75

77.70

+91%

MIS

81.50

155.20

+90 %

NCLE

61.50

117.00

+90 %

Aldrees

67.00

124.20

+85 %

Astra

47.00

87.10

+85 %

Al Arabia

96.10

178.00

+85 %

Thob Al Aseel

3.24

5.80

+79 %

Thimar

18.92

33.65

+78%

Arabian Pipes

34.35

60.80

+77 %

Tanmiah Food

73.30

126.20

+72 %

Seera

15.44

26.55

+72 %

SASCO

34.50

58.40

+69 %

Alkhaleej Training

14.08

23.78

+69 %

Budget Saudi

44.75

73.40

+64 %

Bahri

13.71

22.40

+63%

Al Hammadi

38.20

60.90

+59 %

GASCO

41.30

64.70

+57 %

solutions

206.80

322.60

+56%

Shaker

17.02

26.20

+54%

Yamama Cement

24.76

37.65

+52%

East Pipes

41.32

62.40

+51%

Sulaiman Al Habib

191.00

286.20

+50%

Aldawaa

66.70

98.50

+48%

*The capital changes were taken into account.

 Top Losers

United Cooperative Assurance, Saudi Arabian Cooperative Insurance Co. (SAICO), Saudi Enaya Cooperative insurance Co., and Alinma Tokio Marine Co.  led decliners, falling between 37-65%. Rabigh Refining and Petrochemical Company (Petro Rabigh) plunged 35%.

 Top Losers

Company

July 6, 2022 (SAR)

June 22, 2023 (SAR)

Change

UCA

27.40

9.50

(65%)

SAICO

22.50

12.76

(43%)

Enaya

18.20

10.92

(40%)

Alinma Tokio

21.80

13.82

(37%)

Shams

1.35

0.86

(36%)

Arabia Insurance

19.82

12.76

(36%)

Petro Rabigh

17.70

11.50

(35%)

Al Sagr

27.95

18.10

(35%)

Tihama

25.31

18.28

(28%)

SNB

50.29

36.80

(27%)

Chemanol

32.85

25.25

(23%)

Sipchem

47.35

36.85

(22%)

Nayifat Finance

20.52

16.90

(18%)

MEPCO

42.00

34.60

(18%)

MEDGULF

11.28

9.32

(17%)

Salama

30.50

25.50

(16%)

Bank AlJazira

21.82

18.28

(16%)

Takween

11.62

9.76

(16%)

Alujain

53.00

44.60

(16%)

BinDawood Holding

88.00

74.30

(16%)

Al Alamiya

19.38

16.52

(15%)

Saudi Ceramic

38.95

33.30

(15%)

KHC

9.12

7.82

(14%)

Ash-Sharqiyah

24.81

21.30

(14%)

Saudi Fransi

48.30

41.70

(14%)

Al Yamamah Steel

32.05

27.80

(13%)

SAIB

19.52

17.06

(13%)

ANB

30.00

26.35

(12%)

Sinad Holding

14.60

12.86

(12%)

Amlak

17.58

15.68

(11%)

*The capital changes were taken into account 

Performance of Blue Chips

The blue chips showed varied performance, as Saudi National Bank (SNB) led fallers, dropping 27%. It was followed by Sahara International Petrochemical Co. (Sipchem), declining 22%.

Meanwhile, Dr. Sulaiman Al Habib Medical Services Group (Sulaiman Al Habib) was the top gainer, soaring 50%. Etihad Etisalat Co. (Mobily) and Saudi Arabian Mining Co. (Maaden) followed, leaping 38% and 30%, respectively.

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