THE WRAP ยท SUN, NOV 8
10,016.92 โผ 0.78%
Tadawul All Share Index (TASI)
Down about 78 points on Sunday, giving back most of Thursday's gain and closing just above 10,000.
Banks fell 1.6% and telecoms 1.4%, the two biggest drags. Consumer durables, utilities and media rose.
Large caps fell almost 1%, while small caps edged up 0.4%.
โฒ WHY THEY GAINED
Carpet maker Naseej +10.00% ยท SR11.44
Hit the daily limit after it said last week it had cut its accumulated losses to 49.5% of its capital, just under the 50% line where tighter rules apply.
Hospital operator Saudi German Health +9.98% ยท SR25.24
Hit the daily limit after reporting a third-quarter profit of 36.7 million Riyal this morning, against a restated loss of 89.7 million Riyal a year earlier, as revenue rose 14% to 877 million Riyal. Its auditor qualified the review over restated figures from earlier years.
Cold-storage maker CGS +9.93% ยท SR7.42
A second straight session at the daily limit after Thursday's 10% jump.
Arabian Drilling +5.55% ยท SR98.00
Swung back to a third-quarter profit of 31.4 million Riyal ($8.4 million) as offshore rigs suspended during the war returned to work. Read the story.
Homebuilder Retal +5.35% ยท SR6.50
One of the few real estate names to rise on a weak day for the sector.
โผ WHY THEY LOST
Packaging maker FIPCO โ6.55% ยท SR36.50
Fell even though it swung to a 2.8 million Riyal third-quarter profit, reported on Thursday, from a loss a year earlier.
SMC Healthcare โ4.87% ยท SR12.50
Still weighed down by Thursday's third-quarter results, when profit fell on higher costs and provisions for unpaid bills even as revenue rose 4.8%.
Food maker Raydan โ4.77% ยท SR14.56
Said this morning it had filed with the market regulator to cut its capital by 58.5 million Riyal, then raise 105 million Riyal through a rights issue. Its accumulated losses had reached 107% of its capital by June.
Dairy maker SADAFCO โ4.74% ยท SR172.90
Food and beverage stocks fell 0.7% as a group.
WHAT TO WATCH
Today's open, after debris from an attempted attack damaged Aramco's tower in King Abdullah Financial District on Sunday. Read the story.
Whether the index can hold 10,000 again.
More third-quarter results from mid-caps this week.
Data: Saudi Exchange.
