TASI rises 11% since Eid Al-Fitr 2017

Saudi Arabia’s Tadawul All Share Index (TASI) jumped 11 percent, or 844 points in the period between July 2017 and June 12, 2018 (Eid Al-Fitr this year and last year), extending its solid performance for the second consecutive year, data compiled by Argaam showed.

The benchmark index closed at 8,270 pts ahead of Eid Al-Fitr holidays, compared to its closing at 7,426 in the same period last year.

The market gained 14 percent, or 1,044 pts for the period from Jan. 2018 until the end of Ramadan, driven by several factors, mainly Tadawul’s inclusion in the FTSE Russell emerging market index.

MSCI will announce Saudi Arabia EM upgrade status on Jun. 20.

Market Performance In Between Eid Al Fitr Holidays
Period	Opening (points)	Closing (points)	Variation (points)	Variation (%)
2003-2004	4,200	7,734	3534	+84%
2004-2005	7,734	15,617	7883	+102%
2005 -2006	15,617	10,545	(5,072)	(32%)
2006 -2007	10,545	7,806	(2,739)	(26%)
2007 -2008	7,806	7,459	(347)	(4%)
2008 -2009	7,459	5,948	(1,511)	(20%)
2009 -2010	5,948	6,306	358	+6%
2010 -2011	6,306	5,979	(327)	(5%)
2011 -2012	5,979	7,004	1025	+17%
2012 -2013	7,004	8,072	1068	+15%
2013 -2014	8,072	10,215	2143	+27%
2014 -2015	10,215	9,338	(877)	(9%)
2015 -2016	9,338	6,500	(2,838)	(30%)
2016 -2017	6,500	7,426	926	+14%
2017 -2018	7,426	8,270	844	+11%

For market performance, gains were supported by 83 stocks. Saudi Research and Marketing Group was the top advancer, surging 195 percent, followed by Petro Rabigh (+147 percent YoY) and eXtra (+109 percent YoY).

Shares of Tasnee, Saudi Kayan and Dar Al-Arkan rose between 51 percent and 72 percent.

Top 5 Gainers (SAR)
Company	Closing as of June 22, 2017	Closing as of June 12, 2018	Variation %
R & M	29.69	87.50	+195%
Petro Rabigh	11.43	28.25	+147%
eXtra	31.67	66.20	+109%
Nama	13.89	28.25	+103%
Dar Al-Arkan	6.70	11.50	+72%

On the other hand, 90 companies retreated, dragged down by GO which tumbled 54 percent.

It was followed by MedGulf and Wafa Insurance (-52 percent) and Jabal Omar (-46 percent).

Blue chips Al Rajhi Bank and SABIC closed 25 percent and 24 percent higher YoY, respectively.

Almarai also added 25 percent, followed by Savola (22 percent).

Top 5 Losers (SAR)
Company	Closing as of June 22, 2017	Closing as of June 12, 2018	Variation %
Atheeb (GO)*	11.23	5.21	(54%)
MedGulf*	41.05	19.52	(52%)
Wafa*	25.28	12.24	(52%)
Jabal Omar	73.59	40.00	(46%)
MetLife AIG ANB*	38.11	22.80	(40%)

*Capital cut during the period.

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