44 listed companies score 100% gains in a year

44 listed companies score 100% gains in a year

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.