Market Movements Now | SHL (1183) Shares Jump on Massive 1,040% Earnings Improvement; Theeb (4261) Sees Unusual Volume Spike, Surges by 20.46% Compared to 3-Month Average

SHL 0.00%
THEEB +0.72%
SULAIMAN ALHABIB +0.94%
CENOMI RETAIL +4.29%
ARTEX -0.28%

SHL

1183.SA

18.20

0.00%

THEEB

4261.SA

70.00

+0.72%

SULAIMAN ALHABIB

4013.SA

278.60

+0.94%

CENOMI RETAIL

4240.SA

12.16

+4.29%

ARTEX

2340.SA

14.46

-0.28%

The Tadawul All Shares Index(TASI.SA) experienced a significant dip yesterday, reaching levels last seen at the end of November last year before rebounding. This movement formed a so-called "hammer" candlestick pattern, suggesting a potential confirmation of support at this level. However, whether this marks the beginning of a sustained rebound remains to be seen, necessitating careful observation of future movements. Currently, the index is trading within the crucial range of 11,680 to 11,830.


Notable News

SHL Shares Jump on Massive 1,040% Earnings Improvement

SHL Finance Co.(1183.SA) reported a 1,040.5% increase in net profit to SAR 26.5 million for 2024, driven by higher profit rates on new loans and increased special commission income, which grew 17.7% to SAR 359.5 million. The company's financing portfolio expanded 3.7% while reversals of expected credit loss provisions increased 47% due to improved portfolio performance and reduced non-performing loans.

Element ListCurrent YearPrevious Year%Change
Total Income From Special Commission of Financing359,473305,50317.66
Net Income From Special Commission of Financing150,269117,65427.72
Net Income From Special Commission of Investment---
Total Operations Profit (Loss)150,269117,65427.72
Net Profit (Loss) before Zakat and Income Tax33,8992,8901,072.97
Net profit (Loss)26,5282,3261,040.5
Total Comprehensive Income26,9851,9351,294.57
Assets4,513,4674,383,3592.97
Investments893893-
Loans And Advances Portfolio (Financing And Investment)4,349,1804,192,6083.73
Clients' deposits---
Total Shareholders Equity (after Deducting Minority Equity)1,687,6381,660,6531.62
Total Operating Expenses Before Provisions for Credit and Other Losses327,560299,5139.36
Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net-5,385-3,66446.97
Profit (Loss) per Share0.270.02 
All figures are in (Thousands) Saudi Arabia, Riyals

Significant Volume Surge after 11:00 am 

SymbolVolume Change%3M Average VolumeToday's Volume So Far
Theeb Rent a Car Co.(4261.SA) 20.46%79,98796,350
Dr. Sulaiman Al Habib Medical Services Group(4013.SA) 7.78%192,809207,809

New 52-Week High as of 11:25 pm

CompanyPrice (SAR)
--

Sector Performance as of 11:25 pm

  • Capital Goods: +2.12%
  • Household & Personal Products: +2.00%
  • Health Care Equipment & Services: +1.81%

Gainers as of 11:25 pm

CompanyPriceChange
SHL Finance Co.(1183.SA) 17.28+6.93%
Fawaz Abdulaziz Alhokair Co.(4240.SA) 12.62+4.47%
Theeb Rent a Car Co.(4261.SA) 73.00+4.29%
ARTEX Industrial Investment Co.(2340.SA) 13.60+3.50%
Saudi Ceramic Co.(2040.SA) 28.15+3.49%

Top Losers as of 11:25 pm

CompanyPriceChange
Savola Group(2050.SA) 31.70-2.46%
ACWA POWER Co.(2082.SA) 335.40-2.04%
Saudi Marketing Co.(4006.SA) 21.50-2.01%
Saudi Research and Media Group(4210.SA) 166.60-2.00%
Bupa Arabia for Cooperative Insurance Co.(8210.SA) 173.60-1.92%

- Reporting by Zaid, Sahm News team

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