Tadawul trading screen
Saudi Arabia’s Tadawul All Share Index (TASI) ended 2020 with a rise of 4%, or 301 points, at 8,690 points, compared to 8,389 points in 2019, data compiled by Argaam show.
Thus, the benchmark rose for the fifth straight year, hitting its highest since 2007 when it closed at 11,039.
TASI lost 22% (1,884 points) in Q1 2020, hurt by coronavirus and low oil prices. However, the index recouped its losses in the last nine months of the year, jumping by 11% (719 points) in Q2 2020 and 15% (1,075 points) in Q3 2020. The benchmark also maintained its uptrend in the fourth quarter with a rise of 5% (400 points).
Major events impacting Saudi market's performance in 2020:
- COVID-19 and the measures taken to overcome the crisis, including the suspension of Umrah, international flights and closure of malls.
- Plunge in oil prices as brent crude hit its lowest since 2002 at $20.37 per barrel.
- Interest rates were cut twice to maintain the monetary stability amid the coronavirus outbreak, with the reverse repo and repo rates hitting 50 and 100 basis points, respectively.
- Recovery of traded value during the second half of the year and significant increase in the number of transactions that exceeded 500,000 in some sessions; the highest since 2006.
- Inclusion of Tadawul in FTSE Russell and periodic changes of MSCI.
- The Capital Market Authority's (CMA) announcement of monitoring market trading and reporting of some fraudulent acts and manipulations.
- Launch of the derivatives market and start of futures contracts trading.
- Implementation of a 15% value-added tax (VAT) with the exemption of real estate supplies, as well as the levy of a 5% real estate transaction tax.
- Announcement of 2021 budget, with estimated expenditures of SAR 990 billion and revenue of SAR 849 billion, and an expected deficit of SAR 141 billion.
- Suspension of all international flights since Dec. 20, as a new strain of coronavirus was detected.
|
TASI Performance Since 2010 |
|||
|
Year |
Closing (points) |
Variation (points) |
Variation (%) |
|
2010 |
6621 |
+499 |
+8% |
|
2011 |
6418 |
(203) |
(3%) |
|
2012 |
6801 |
+383 |
+6% |
|
2013 |
8536 |
+1735 |
+26% |
|
2014 |
8333 |
(203) |
(2%) |
|
2015 |
6912 |
(1421) |
(17%) |
|
2016 |
7210 |
+298 |
+4% |
|
2017 |
7226 |
+16 |
+0.2% |
|
2018 |
7827 |
+601 |
+8% |
|
2019 |
8389 |
+562 |
+7% |
|
2020 |
8690 |
+301 |
+4% |
Quarterly performance:
|
TASI quarterly performance since 2010 |
|||
|
Year |
Opening (points) |
Closing (points) |
Variation (points) |
|
2010 |
|||
|
Q1 2010 |
6122 |
6801 |
+11.1% |
|
Q2 2010 |
6801 |
6094 |
(10.4%) |
|
Q3 2010 |
6094 |
6392 |
+4.9% |
|
Q4 2010 |
6392 |
6621 |
+3.6% |
|
2011 |
|||
|
Q1 2011 |
6621 |
6563 |
(0.9%) |
|
Q2 2011 |
6563 |
6576 |
+0.2% |
|
Q3 2011 |
6576 |
6112 |
(7.1%) |
|
Q4 2011 |
6112 |
6418 |
+5.0% |
|
2012 |
|||
|
Q1 2012 |
6418 |
7835 |
+22.1% |
|
Q2 2012 |
7835 |
6710 |
(14.4%) |
|
Q3 2012 |
6710 |
6840 |
+1.9% |
|
Q4 2012 |
6840 |
6801 |
(0.6%) |
|
2013 |
|||
|
Q1 2013 |
6801 |
7126 |
+4.8% |
|
Q2 2013 |
7126 |
7497 |
+5.2% |
|
Q3 2013 |
7497 |
7965 |
+6.2% |
|
Q4 2013 |
7965 |
8536 |
+7.2% |
|
2014 |
|||
|
Q1 2014 |
8536 |
9474 |
+11.0% |
|
Q2 2014 |
9474 |
9513 |
+0.4% |
|
Q3 2014 |
9513 |
10855 |
+14.1% |
|
Q4 2014 |
10855 |
8333 |
(23.2%) |
|
2015 |
|||
|
Q1 2015 |
8333 |
8779 |
+5.3% |
|
Q2 2015 |
8779 |
9087 |
+3.5% |
|
Q3 2015 |
9087 |
7404 |
(18.5%) |
|
Q4 2015 |
7404 |
6912 |
(6.7%) |
|
2016 |
|||
|
Q1 2016 |
6912 |
6223 |
(10.0%) |
|
Q2 2016 |
6223 |
6500 |
+4.4% |
|
Q3 2016 |
6500 |
5623 |
(13.5%) |
|
Q4 2016 |
5623 |
7210 |
+28.2% |
|
2017 |
|||
|
Q1 2017 |
7210 |
7002 |
(2.9%) |
|
Q2 2017 |
7002 |
7426 |
+6.1% |
|
Q3 2017 |
7426 |
7283 |
(1.9%) |
|
Q4 2017 |
7283 |
7226 |
(0.8%) |
|
2018 |
|||
|
Q1 2018 |
7226 |
7871 |
+8.9% |
|
Q2 2018 |
7871 |
8314 |
+5.6% |
|
Q3 2018 |
8314 |
8000 |
(3.8%) |
|
Q4 2018 |
8000 |
7827 |
(2.2%) |
|
2019 |
|||
|
Q1 2019 |
7827 |
8819 |
+12.7% |
|
Q2 2019 |
8819 |
8822 |
+0.03% |
|
Q3 2019 |
8822 |
8092 |
(8.3%) |
|
Q4 2019 |
8092 |
8389 |
+3.7% |
|
2020 |
|||
|
Q1 2020 |
8389 |
6505 |
(22.5%) |
|
Q2 2020 |
6505 |
7224 |
+11.0% |
|
Q3 2020 |
7224 |
8299 |
+14.9% |
|
Q4 2020 |
8299 |
8690 |
+4.7% |
Monthly performance:
TASI gained in seven months of 2020, recording the biggest monthly rise of 11% in November. Meanwhile, it declined in the remaining five months, hitting its biggest monthly drop of 15% in March.
|
TASI Monthly Performance in 2020 |
|||
|
Month |
Closing (points) |
Variation (points) |
Variation (%) |
|
January |
8247 |
(143) |
(1.7%) |
|
February |
7628 |
(619) |
(7.5%) |
|
March |
6505 |
(1123) |
(14.7%) |
|
April |
7113 |
+608 |
+9.3% |
|
May |
7213 |
+100 |
+1.4% |
|
June |
7224 |
+11 |
+0.2% |
|
July |
7459 |
+235 |
+3.3% |
|
August |
7941 |
+482 |
+6.5% |
|
September |
8299 |
+358 |
+4.5% |
|
October |
7908 |
(391) |
(4.7%) |
|
November |
8747 |
+839 |
+10.6% |
|
December |
8690 |
(57) |
(0.7%) |
Seventeen market sectors ended the year on a positive note, topped by Software & Services with gains of 186%. Consumer Durables came second with 63%, followed by Materials (11%).
Meanwhile, four sectors declined, led by Commercial & Professional Services which dropped by 15%, followed by Banks (6%).
|
Sector Performance in 2020 |
||||
|
Sector |
2019 |
2020 |
Variation (points) |
Variation (%) |
|
Energy |
5443 |
5387 |
(56%) |
(1%) |
|
Materials |
5167 |
5746 |
+579% |
+11% |
|
Capital goods |
4332 |
6538 |
+2206% |
+51% |
|
Commercial & Professional Services |
4772 |
4060 |
(712%) |
(15%) |
|
Transportation |
4395 |
4843 |
+448% |
+10% |
|
Consumer Durables |
3506 |
5722 |
+2216% |
+63% |
|
Consumer Services |
3959 |
4269 |
+310% |
+8% |
|
Media |
9402 |
10217 |
+815% |
+9% |
|
Retailing |
7697 |
8556 |
+859% |
+11% |
|
Food Retailing |
6616 |
10537 |
+3921% |
+59% |
|
Food & Beverages |
4354 |
5464 |
+1110% |
+25% |
|
Healthcare |
3730 |
5654 |
+1924% |
+52% |
|
Pharma. |
3595 |
5172 |
+1577% |
+44% |
|
Banks |
8107 |
7589 |
(518%) |
(6%) |
|
Diversified Financials |
3302 |
4595 |
+1293% |
+39% |
|
Insurance |
4514 |
6025 |
+1511% |
+33% |
|
Software and Services |
4933 |
14091 |
+9158% |
+186% |
|
Telecom |
6473 |
6899 |
+426% |
+7% |
|
Utilities |
4400 |
4609 |
+209% |
+5% |
|
REITs |
4198 |
4285 |
+87% |
+2% |
|
Real Estate Management |
3132 |
3020 |
(112%) |
(4%) |
|
Market |
8389 |
8690 |
+301% |
+4% |
Index performance:
TASI hit its highest level in 2020 at 8,766 points on Dec. 17 and reached its highest and lowest levels of 8,760 and 5,960 points on Dec. 30 and March 16, respectively.
The benchmark's highest daily trading value was recorded on Sept. 14 at SAR 18.57 billion, while the lowest daily trading value came on Feb. 17 at SAR 2.41 billion.
|
TASI performance in 2020 |
|||
|
Period |
Performance |
Date |
Notes |
|
Highest (points) |
8766 |
Dec. 17 |
Highest since July 2016 |
|
Lowest (points) |
5960 |
March 16 |
Lowest since November 2016 |
|
Highest close (points) |
8760 |
Dec. 30 |
Highest close since July 2019 |
|
Lowest close (points) |
5960 |
March 16 |
Lowest close since November 2016 |
|
Highest traded value (SAR bln)* |
18.57 |
Sept. 14 |
Highest in more than one year; since August 2019 |
|
Lowest traded value (SAR bln) |
2.41 |
Feb. 17 |
-- |
*Excluding the session of June 14, 2020, when a negotiated deal worth SAR 259.1 billion was carried out on SABIC
Sessions of biggest gains and losses:
TASI recorded its biggest daily gain of 7.1% on March 10, while it recorded its biggest daily decline of 8.3% on March 8.
|
Sessions of biggest gains in 2020 |
||||
|
Session |
Opening (points) |
Closing (points) |
Variation (points) |
Variation (%) |
|
March 10 |
6316 |
6762 |
+447 |
+7.1% |
|
April 26 |
6605 |
6839 |
+234 |
+3.5% |
|
March 24 |
5990 |
6194 |
+203 |
+3.4% |
|
March 3 |
7349 |
7557 |
+207 |
+2.8% |
|
April 2 |
6569 |
6750 |
+180 |
+2.7% |
|
January 9 |
8124 |
8346 |
+222 |
+2.7% |
|
November 9 |
8160 |
8366 |
+206 |
+2.5% |
|
March 17 |
5960 |
6107 |
+147 |
+2.5% |
|
May 31 |
7051 |
7213 |
+162 |
+2.3% |
|
March 31 |
6373 |
6505 |
+132 |
+2.1% |
|
Sessions of biggest decline in 2020 |
||||
|
Session |
Opening (points) |
Closing (points) |
Variation (points) |
Variation (%) |
|
March 8 |
7468 |
6846 |
(621) |
(8.3%) |
|
March 9 |
6846 |
6316 |
(531) |
(7.8%) |
|
May 3 |
7113 |
6586 |
(527) |
(7.4%) |
|
March 16 |
6287 |
5960 |
(328) |
(5.2%) |
|
October 25 |
8505 |
8155 |
(351) |
(4.1%) |
|
March 1 |
7628 |
7345 |
(283) |
(3.7%) |
|
March 11 |
6762 |
6552 |
(210) |
(3.1%) |
|
March 12 |
6552 |
6357 |
(195) |
(3.0%) |
|
February 24 |
7983 |
7747 |
(236) |
(3.0%) |
|
March 23 |
6172 |
5990 |
(182) |
(2.9%) |
Trading value:
Total trading value staged a strong recovery, amounting to SAR 1.828 trillion in 2020, surging 108% compared with SAR 7.29 billion a year earlier.
The monthly trading value exceeded SAR 200 billion from September to December, while the daily trading value reached SAR 11.51 billion.
|
Trading Value (SAR bln) |
||||
|
Month |
2019 |
2020 |
Daily average |
Variation (%) |
|
January |
68.21 |
84.38 |
3.84 |
+24% |
|
February |
47.00 |
71.60 |
3.58 |
+52% |
|
March |
61.74 |
116.93 |
5.08 |
+89% |
|
April |
77.24 |
95.59 |
4.35 |
+24% |
|
May* |
109.97 |
75.80 |
4.74 |
(31%) |
|
June** |
74.80 |
121.77 |
5.53 |
+63% |
|
July*** |
65.16 |
111.39 |
5.57 |
+71% |
|
August*** |
78.72 |
150.41 |
7.92 |
+91% |
|
September**** |
64.76 |
267.45 |
12.74 |
+313% |
|
October |
61.66 |
221.35 |
10.54 |
+259% |
|
November |
57.89 |
258.64 |
11.76 |
+347% |
|
December |
112.99 |
253.35 |
11.02 |
+124% |
|
Total |
880.14 |
1828.67 |
7.29 |
+108% |
*Eid al-fitr Holiday
**Excluding Aramco's acquisition of the Public Investment Fund's stake in SABIC at a total value of SAR 259.1 billion
***Eid al-Adha Holiday
**** National Day Holiday
Stock performance:
For stock performance, 149 companies closed the year higher, while 27 stocks ended in the red and only one kept flat.
Saudi Paper Manufacturing Co. was the best performer for the year, surging 382%, followed by Wafrah for Industry & Development Co., which jumped 331%.
|
Top 10 Performers in 2020 |
|||
|
Company |
2019 (SAR) |
2020 (SAR) |
Variation (%) |
|
Saudi Paper* |
13.41 |
64.60 |
+382% |
|
Wafrah* |
35.73 |
154.00 |
+331% |
|
Anaam Holding* |
27.32 |
92.00 |
+237% |
|
Amana Insurance |
12.06 |
37.15 |
+208% |
|
Abo Moati |
19.18 |
53.50 |
+179% |
|
MIS* |
35.53 |
96.20 |
+171% |
|
Halwani |
35.10 |
89.40 |
+155% |
|
Wataniya |
18.30 |
46.00 |
+151% |
|
Shams |
22.66 |
55.00 |
+143% |
|
Malath |
10.06 |
24.08 |
+139% |
*Amening capital during the period
Meanwhile, Rabigh Refining and Petrochemical Co. (Petro Rabigh) led decliners, falling 36%, followed by Saudi British Bank (SABB) with a decline of 29%.
|
Top 10 Losers in 2020 |
|||
|
Company |
2019 (SAR) |
2020 (SAR) |
Variation (%) |
|
Petro Rabigh |
21.66 |
13.82 |
(36%) |
|
SABB |
34.70 |
24.72 |
(29%) |
|
ANB |
27.40 |
20.10 |
(27%) |
|
Saudi Catering |
102.80 |
77.10 |
(25%) |
|
Dar Al Arkan |
11.00 |
8.66 |
(21%) |
|
Banque Saudi Fransi |
37.90 |
31.60 |
(17%) |
|
Makkah Construction |
76.40 |
64.00 |
(16%) |
|
Riyad Bank |
24.00 |
20.20 |
(16%) |
|
Alinma Bank* |
19.01 |
16.18 |
(15%) |
|
Fawaz Alhokair |
25.60 |
21.80 |
(15%) |
*Amending capital during the period
Blue chips showed mixed performance in 2020, with Al Rajhi Bank and Saudi Basic Industries Corporation (SABIC) climbing 13% and 8%, respectively last year.
Meanwhile, SABB declined the most by 29%, followed by Arab National Bank (ANB) (27%). Saudi Arabian Oil Co. (Saudi Aramco) fell by 1%, and National Commercial Bank (NCB) was 12% lower.
|
Performance of Market’s Top Companies in 2020 |
|||
|
Company |
2019 (SAR) |
2020 (SAR) |
Variation (%) |
|
Al Rajhi |
65.40 |
73.60 |
+13% |
|
Aramco |
35.25 |
35.00 |
(1%) |
|
SABIC |
93.90 |
101.40 |
+8% |
|
stc |
101.80 |
106.00 |
+4% |
|
NCB |
49.25 |
43.35 |
(12%) |
|
BSF |
37.90 |
31.60 |
(17%) |
|
Riyad Bank |
24.00 |
20.20 |
(16%) |
|
SABB |
34.70 |
24.72 |
(29%) |
|
Jabal Omar |
27.15 |
29.10 |
+7% |
|
Samba |
32.45 |
30.55 |
(6%) |
|
Alinma Bank* |
19.01 |
16.18 |
(15%) |
|
Almarai |
49.50 |
54.90 |
+11% |
|
Savola |
34.35 |
42.50 |
+24% |
|
Jarir |
165.60 |
173.40 |
+5% |
|
SEC |
20.22 |
21.30 |
+5% |
|
Etihad Etisalat |
25.00 |
28.65 |
+15% |
|
Maaden |
44.40 |
40.50 |
(9%) |
|
SAFCO |
77.50 |
80.60 |
+4% |
|
ANB |
27.40 |
20.10 |
(27%) |
|
Albilad |
26.90 |
28.35 |
+5% |
*Amending Capital during the period.
A total of three stocks closed the year below their par value, led by Kingdom Holding.
|
Stocks trading below par value in 2020 |
||
|
Company |
Stock Price (SAR) |
Decline (%) |
|
Kingdom Holding |
7.95 |
(21%) |
|
Dar Al Arkan |
8.66 |
(13%) |
|
Emaar EC |
9.21 |
(8%) |
Performance of listed companies in 2020:
Tadawul witnessed the listing of three companies in 2020, all of which moved up compared to the listing price. Dr. Sulaiman Al Habib Medical Services Group surged 118%, followed by Amlak International for Real Estate Finance Co. that advanced 37% and BinDawood Holding Co. that moved 24% higher.
Three companies moved from the main to the parallel market, namely Arab Sea Information Systems Co. and Al-Omran Industries & Trading Co., which jumped 235% and 18%, respectively. The third company is Al-Samaani Factory for Metal Industries Co. that rose 10%.
|
Performance of listed companies in 2020 |
|||
|
Company |
Listing Price (SAR) |
2020 (SAR) |
Variation |
|
Arab Sea* |
25.55 |
85.50 |
+235% |
|
Sulaiman Al Habib |
50.00 |
109.00 |
118%+ |
|
Amlak |
16.00 |
21.90 |
37%+ |
|
BinDawood Holding |
96.00 |
119.00 |
24%+ |
|
Al-Omran* |
80.40 |
94.60 |
+18% |
|
Al-Samaani* |
247.00 |
222.20 |
(10%) |
*Listing price in the main market
Performance of REITs:
Real estate investment trusts (REITs) showed varied performance in 2020. Seven rose, topped by AlJazira REIT Fund and Jadwa REIT Saudi Fund that climbed 83% and 25%, respectively.
On the other hand, 10 REITs declined, led by Alkhabeer REIT Fund and Swicorp Wabel REIT Fund, which fell 14% and 10%, respectively.
|
Performance of REITs in 2020 |
|||
|
REIT |
2019 (SAR) |
2020 (SAR) |
Variation |
|
AlJazira REIT |
12.48 |
22.84 |
+83% |
|
Jadwa REIT |
11.20 |
14.00 |
+25% |
|
Derayah REIT |
10.50 |
11.20 |
+7% |
|
Musharaka REIT |
9.49 |
9.83 |
+4% |
|
Taleem REIT |
12.48 |
12.88 |
+3% |
|
Al Maather REIT |
8.77 |
8.90 |
+1% |
|
Al Rajhi REIT |
9.66 |
9.70 |
+0.4% |
|
Al Mashaar REIT |
8.11 |
8.00 |
(1%) |
|
Riyad REIT |
8.71 |
8.50 |
(2%) |
|
AlAhli REIT (1) |
9.50 |
8.92 |
(6%) |
|
Sedco Capital REIT |
9.96 |
9.35 |
(6%) |
|
Mulkia Gulf Real Estate REIT |
9.85 |
9.05 |
(8%) |
|
MEFIC REIT |
7.85 |
7.21 |
(8%) |
|
Jadwa REIT Al Haramain |
8.18 |
7.47 |
(9%) |
|
Bonyan REIT |
9.84 |
8.88 |
(10%) |
|
Swicorp Wabel REIT |
8.22 |
7.41 |
(10%) |
|
Alkhabeer REIT |
10.90 |
9.39 |
(14%) |
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