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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