Saudi Arabia’s Tadawul All Share Index (TASI) rose 14 percent in the period between Eid Al-Fitr this year and last year, recording its first gain in three years, according to data compiled by Argaam.
The market gained 3 percent, or 216 points, from the beginning of the year until the month of Ramadan.
Seventy-two companies closed higher during the period, led by Al Rajhi Takaful, which surged 127 percent year-on-year (YoY), followed by Arabian Shield (+106 percent YoY) and Walaa Insurance (+97 percent YoY).
Meanwhile, 98 companies posted a retreat, with Nama Chemicals plunging 60 percent YoY, followed by Malath Cooperative Insurance Co. (-51 percent YoY) and Tihama Advertising & Public Relations Co. (-50 percent YoY).
Major Tadawul-listed companies were all gainers, except for Riyad Bank, which remained unchanged. Almarai led the gains, closing 76 percent higher YoY.
Petrochemical blue chip SABIC closed 26 percent higher YoY, while Al Rajhi Bank rose 19 percent, and NCB jumped 32 percent. Saudi Telecom Co. increased 20 percent YoY.
|
Big companies’ performance |
|||
|
Company |
June 20, 2016 |
June 22, 2017 |
Change |
|
Al Rajhi Bank |
58.44 |
69.75 |
+19% |
|
SABIC |
81.16 |
102.33 |
+26% |
|
Jabal Omar |
63.03 |
73.59 |
+16% |
|
NCB |
39.97 |
53.11 |
+32% |
|
STC |
64.39 |
77.04 |
+20% |
|
SAMBA |
20.05 |
25.89 |
+29% |
|
Almarai |
54.69 |
96.45 |
+76% |
|
Banque Saudi Fransi |
22.45 |
30.92 |
+38% |
|
Alinma |
13.06 |
15.23 |
+17% |
|
Riyad Bank |
10.94 |
10.94 |
-- |
|
Maaden |
36.72 |
48.95 |
+33% |
|
SEC |
19.55 |
25.50 |
+30% |
|
Savola |
36.46 |
50.37 |
+38% |
|
Jarir |
117.69 |
146.60 |
+25% |
|
Yansab |
41.91 |
55.79 |
+33% |
|
Makkah Construction and Development |
89.31 |
100.22 |
+12% |
|
SAFCO |
59.34 |
62.89 |
+6% |
|
SABB |
20.32 |
26.82 |
+32% |
|
Tasnee |
13.05 |
14.12 |
+8% |
|
ANB |
19.35 |
22.41 |
+16% |
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