Weekly Stocks Review as on 2nd March, 2023

Last 3 days trading pushed the market in Positive.    TASI surged by 124.66 points and closed at 10277.76.   All indicators are up.

Investors gained SR 17 billion in form of Market capitalization. 

 

 

By : Ghias Uddin, MBA                    

TASI fluctuated within 400 points and closed at 10277.76 depicting an increase of 124.66 points on WoW basis. In last 3 days of week; the index closed in Optimistic region and pushed the market in Positive zone.  All Indicators are up. But just careful we are comparing, 4-days week with 5-days week.  Naturally the business in 5-days will be greater than 4-days. The number of transactions increased by 83.79% and Volumes surged by 97.79%. Total trading enlarged by 36.40% and totaled to SR 23.2 billion. Due to increase of prices the Investors gained SR 17 billion in form of market capitalization which improved to SR 9754 billion.

Trading in Saudi Aramco amplified by 92.49% % and totaled to SR 641 million. Its price tumbled by 0.16 % on WoW basis and closed at SR 31.75. Number of trades and volume augmented by 83.79% and 97.79% respectively.  Because of weaking of price, the market capitalization of Aramco plunged by SR 11 billion and summed to SR 6985 billion (US$ 1.862 trillion).

Heavy Turnover.

Al-Rajhi Bank was again the top pick of the week. In which shares worth SR 2.448 billion were traded. Its price increased by 1.94% and ended at SR 73.70. SNB is continuously going down, It was down this week by 2.61% and ended at SR 46.60 with turnover of SR 1.263 billion  (2nd best of the week). Americana Restaurants achieved the turnover of SR 844 million. It value increased by 0.80% and settled at SR 3.77. SABIC price plunged by 0.55% and closed at SR 90.40 on turnover of SR 814 million. Alinma Bank amplified by 6.38% and ended at SR 30.00 with turnover of SR 758 million.

Top Gainers:

Saudi German Health Services was the top gainer of the week. Its price augmented by 27.31% and closed at SR 34.50. Thimar Development Holding was 2nd best by price increase as it progressed by 10% and ended at SR 18.92.

Etihad Etisalat declared 11.5% dividend previous week. Its price increased by 7.22% in previous week and further increased by 9.20% and ended at SR 39.75. NCLE enlarged by 9.15% and ended at SR 93.00. Advanced Petrochemicals declared 5.5% dividend with book closing on 18.5.2023. Its value surged by 8.47% and closed at SR 48.05.

Top Losers:

Tadawul Group declared 23.1% dividend. Its price should have gone up but some manipulators drag the price down to re-purchase at lower level. Therefore, its price tumbled by 9.64% and closed at SR 142.40. They were the top losers of the week. Marafiq plunged by 6.42% and ended at SR 51.00. Its price dropped by 6.34% and ended at SR 16.54. STC Solutions depleted by 5.92% and closed at SR 235.20. The value of Jadwa Reit Al-Harmain depreciated by 4.98% and closed at SR 6.29.

 

Dividend / Bonus / Right Shares / IPOs

Arabian Cement declared 11% dividend. Book closing not yet announced.   Tadawul announced 23.1% dividend. It is good dividend but as indicated above Its price should have gone up but some manipulators drag the price down to re-purchase at lower level. Therefore, its price tumbled by 9.64% and closed at SR 142.40. Thob Al-Assel affirmed 7.5% dividend with book closing on 21.3.2023 and payment within 15 days after book closing. Al-Rajhi Bank affirmed 12.5% dividend with book closing on 21.3.2023 and payment on 2.4.2023. Its price increased by 1.94% and ended at SR 73.70.

Retal Urban Development Co (Code 4322) announced 30% dividend. Book closing date not yet declared. Soon after announcement of dividend, its price was dragged down from SR 123.80 to SR 122.20. Marafiq declared 11% dividend with Book closing on 8.3.2023 and distribution on 23.3.2023. On last day of the week its price was dragged down from SR 53.00 and closed on SR 51.00. Zahrat Al-Waha (Oasis) affirmed 6% dividend. Book closing not yet declared. On last day of trading its price increased from SR 32.40 to SR 32.50. Al-Hammadi Holding announced 3.5% dividend with book closing on 12.3.2023 and payment on 2.3.2023. Last day of trading its price reduced from SR 48.10 to SR 48.00.

In the current week, it is likely to be mixed trend with positive closing on Sunday, InshaAllah.

____________________________

Writer can be contacted thru:   email:  ghiasjeddah@hotmail.com

 

Comments

Post a Comment

Popular posts from this blog

Weekly Stocks Review as on 24th November, 2022

Image
Lack Luster performance in Saudi Stock Market. TASI lost 203.27 points and closed at 10938.75 Investors suffered losses of SR 149 billion in form of Market Capitalization Due to short week (4 working days) Trading down by 39.26%     By : Ghias Uddin , MBA                     Saudi Stock Market has seen lake luster performance. Due to short week (4 working days) Trading value was down by 39.26%. TASI lost 203.27 points and closed at 10938.75. Number of trades and volumes deteriorated by 29.86% and 32.84% respectively. Due to lowering of prices the investors lost SR 149 billion in form of market capitalization. Trading in Saudi Aramco plummeted by 62.82% and summed to SR 416 million. Number of trades and volumes plunged by   49.81% and 62.41% respectively. Price of Aramco fluctuated between SR 32.90 and SR 33.90 an ended at SR 33.20 depicting de...
Read more

Weekly Stocks Review as on 27th October, 2022

Image
TASI down by 254.18 points on WoW basis and closed at 11709.50 Investors lost SR 345 billion in form of Market Capitalization. TECO announced EGM to take place on 20 th November, 2022 for approval of 1000% Right shares   By : Ghias Uddin , MBA                     International markets tumbled after Q3 earing report.  META stock plunged again.  Its earnings per share dropped by 49% year over year in Q3. Report also influenced Saudi Stock Market as TASI was down by 254.18 Points on WoW basis and closed at 11709.50. Although all the indicators were up but prices were down. Due to deterioration in prices the Investors lost SR 345 billon in form of market capitalization which stood at SR 10697 billion as on 27 th October, 2022. Due to selling pressure Total Trading value increased by 29.64% which summed to SR 31.2 billion, Volumes surged by 29.64% and ...
Read more

Weekly Stocks Review as on 9th February, 2023

Image
Negative trend continues in Tadawul.   TASI down by 289.663 points (2.71%) and closed at 10 412.16. Investors lost SR 120 billion in form of Market capitalization.    Trading value plummeted by 8.03% and down to SR 18.90 billion     By : Ghias Uddin , MBA                     Negative trend continues in Tadawul.  TASI fluctuated within 291 points and closed at 10412.16 depicting loss of 289.63 points (2.71%) on WoW basis.  Most of the parameter closed in positive zone.  Numbers of trades and volumes increased by 2.51% % and 12.96 % respectively. Trading value plummeted by 8.03% and restricted to SR 18.90 billion. Nevertheless, due to reduction of prices the investors lost SR 120 billion in form of market capitalization. Saudi Aramco turnover increased by 13.71% and totaled to SR 771 million. Number of trades and volume...
Read more