TASI falls 1.2% to 8,703 points, hits one-month low

Saudi Arabia’s benchmark Tadawul All Share Index (TASI) fell 1.2 percent, or 104 points, to close at 8,703 points on Sunday, hitting the lowest in a month.

Total turnover reached SR 9.7 billion ($2.59 billion). Advance-decline ratio stood at 33-162.

• Blue-chip SABIC shed 1.8% to SAR 100.80. The company turned to net profit after Zakat and tax of SAR 2.2 billion in the fourth quarter of 2020 compared to a loss of SR 890 million in the same period in 2019.
• Banking major Al Rajhi fell nearly 1 percent to SR 72.30, while oil giant Saudi Aramco slipped 0.3 percent to SR 34.65.
• Petrochem dropped 1.4 percent to SR 34.20. The firm’s Q4 2020 net profit rose 89 percent year-on-year (YoY).
• Jarir declined 1.6 percent to SR 172. The company reported a 4 percent YoY increase in net profit after Zakat and tax to SR 287.6 million in Q4 2020.
• Buruj was the top decliner, falling 3.5 percent to SR 25.
• On the other hand, Halwani Bros was the top gainer, hitting nearly limit up at SR 105.