Four Tadawul-listed companies’ shares hit annual highs

More broadly the Tadawul All Share index rose 0.4% to close the day at 11,386, bringing the gains for the past year to 31%

  
A Saudi woman walks at the Saudi stock market (Tadawul), in Riyadh, Saudi Arabia March 9, 2020.

A Saudi woman walks at the Saudi stock market (Tadawul), in Riyadh, Saudi Arabia March 9, 2020.

REUTERS/Ahmed Yosri
 
RIYADH: Four companies listed on the Tadawul hit their highest point in a year, with the performance of Middle East Paper Co. showing a rise of 155 percent over the past 52 weeks.

Other top performers are Chemanol, the speciality chemicals producer, which was up 4.15 percent on Monday for an annual rise of 69 percent, Aldrees Petroleum and Transport up 5.15 percent for the day and 29 percent for the year, while Saudi Airlines Catering showed a more modest 10 percent rise over the past year.

More broadly the Tadawul All Share index rose 0.4 percent to close the day at 11,386, bringing the gains for the past year to 31 percent.

The day’s biggest gainer was Aldrees, which ended the day at SR73.50, a 15-year high, with nearly 2 million of its shares changing hands.

Of the 204 shares listed on Tadawul, there were 135 gainers and 56 down on the day. The biggest fall was SABIC Agri-nutrients, down 2.86 percent to SR136, off its year-high of SR140, but still far above what it was a year ago, up 65 percent over that period.

Consumer services was the day’s best performing sector, up 1.57 percent, while the utilities sector was the loser of the day, down 0.75 percent, weighed down by Saudi Electricity’s 0.92 percent fall to SR26.85.

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