Shares of 26 stock market listed firms rise by 100% in a year

  • 9/6/2020
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JEDDAH — There are 26 companies, listed on the stock market, whose share values have increased by over 100 percent during their last 52 weeks (a full year), until the end of their trading last Thursday, according to information accessed by Okaz. Okaz revealed that the market value of these companies" shares increased compared to the lowest price recorded. This is equivalent to double or more. Of the companies listed in the stock market, four have registered capital losses so far. According to Okaz information, the shares of Refineries Company topped the list of gains, as its share price rose by 204.38 percent compared to the lowest price recorded in the last 52 weeks with the stock recording feverish transactions in the last month, and rising by the maximum percentages in several sessions. The "Wafra" shares came in second, as it increased by 192.73 percent, even though the company did not distribute profits except once, and that was in 2014. As to the "Wataniya" shares, which rose by 186.92 percent, it occupied the third place. This coincided with the company"s shift to record profits in Q2 with a value of SR984,000, compared to losses of SR1.51 million in Q1 this year. This was despite the decline in the value of profits compared to the similar period last year, when the profit value reached SR1.07 million at that time. The "Paper Industry" share rose by 18.57 percent, followed by Tihama shares with 165.72 percent, despite the company registering losses in its capital by over 50 percent. The company"s share recorded a maximum increase in two sessions, coinciding with the return to schools, on the last trading days in August. Meanwhile, the shares of Al-Lujain Companies rose by 161.35 percent and Halawani Brothers by 153.93 percent, followed by MIS by 151.63 percent, then “Saudi Fisheries” by 149.31 percent. Abu Moati’s shares came 10th, as it rose by 144.35 percent after its recent shift from the Nomu — Parallel Market to the Main Market. As to the two shares of “Shams” Company, which rose by 140.37 percent, and “Al-Baha”, which rose by 128.11 percent, respectively, they occupied the 11th and 12th positions, despite the two companies registering losses in their capital ranging between 20 and 35 percent.

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