The Saudi market. These stocks have jumped more than 100% since the start of this year

Six companies listed on the Saudi “Tadawul” stock exchange have recorded significant jumps in their market value which has exceeded 100% since the start of this year, according to last week’s close, as their shares rose by a way that has overtaken the movement of the general index of the main market.

According to Al-Eqtisadiah newspaper, data from companies listed on “Tadawul” showed that they have reached

The shares of these companies, the market gains since the beginning of this year amounted to 8.72 billion riyals, thanks to the rise in their shares.

“Atheeb Telecom” led these companies in terms of earnings, with the company’s share surging by around 201% despite resuming trading since mid-February, achieving market gains of around 508.25 million riyals , bringing the market value of the company to approximately 761 million riyals. at the end of last week, up from around 252.7 million riyals at the end of last year.

Atheeb’s stock has been suspended from trading for more than two and a half years after the company did not announce its annual financial statements in 2018, before returning to trading in mid-February 2021 after the announcement. by the company of its latest financial statements.

The stock has made solid gains since returning to trading, as it crossed the upper limit of “+ 10%” for about 13 consecutive sessions, to record the stock’s highest level since 2015.

Second, shares of the Saudi Company for Advanced Industries, which have achieved market gains of more than 194% since the start of the year, saw an increase in its market value of 1.84 billion riyals to 2.78 billion riyals.

In line with the stock’s performance for the current year, the stock has been in a strong upward trend since March 2020, with the stock having made nearly 500% gains since that time, bringing the stock price back to levels from 2006.

Third, shares of the Al-Abdullatif company, which jumped about 136% during the period, to record market gains of 1.69 billion riyals, as the market value of the company rose to 2.9 billion riyals.

In fourth place came “Al-Jouf Agricole” shares, which made gains of around 120%, with market gains of 1.32 billion riyals, bringing the market value of the company to 2, 42 billion riyals.

According to surveillance, the rise in the market value of the Al-Jouf agricultural company, and its highest level since 2006, has prompted its large landowners to downsize their property, taking advantage of significant increases in security, such as the Riyadh property. Al-Humaidan went from 14.66% “by the end of 2020” to 6.16% of the company’s shares, in addition to the exit from the company’s shares. The entire stake of Fitaihi Holding Group, which was 9% at the end of 2020.

Then, shares of Al-Muammar Information Systems “MES” come in fifth position, after having achieved market gains of 108%, or the equivalent of 2.1 billion riyals, bringing the market value to four billion. riyals.

Shares of “Zamil Industrial” rank sixth among stocks that have made more than 100% gains since the start of this year, with the stock having gained 104%, bringing the market value of the company to 2.54 billion riyals, an increase of 1.29 billion riyals.

In an overview of the performance of shares listed on the main market, around 36 companies whose shares achieved market gains ranging from 50% to 99%, including shares of “Petro Rabigh” and “Shaker”, as well as Saudi Research and Media Group, whose earnings ranged between 94% and 99% over the period.

Additionally, the general main market index has registered gains since the start of this year, rising to 24.2%, with the index closing late last week at 10,794 points, down from around 8. 689 points at the end of last year, with an increase of about 2,100 points.