Saudi Gazette report

RIYADH — Around 44 companies listed on the Saudi Stock Exchange (Tadawul) posted their gains exceeding 100 percent at the end of their trading Wednesday, while compared to the lowest record registered during a whole year.

The benchmark Tadawul All Share Index (TASI) fell 0.3 percent or 28 points to close at 11.129 points, up by 0.1 percent, with a total value of about SR5.1 billion.

The closing auction contributed to the rise of the index by 20 points, and the shares of 87 companies rose, while the shares of 101 fell. The number of traded shares reached more than 135 million, which were shared by more than 235,000 deals.

There are 31 companies trading with a book value multiplier that does not exceed 1.5 times compared to their current prices, while the Dar Al-Arkan and Investment Bank companies were trading at less than their book value, in addition to the units of the Jadwa REIT Al-Haramain and MEFIC REIT funds with five companies exceeded 20 percent, represented by the companies Astra, Budget, Insurance Arabia, EXA, and Alinma Tokyo.

There are five companies in which foreigners own 20 percent or more stake.