Leaders, in terms of various main Market Indices

Jarir and Fitaihi Group (one-off) had the highest RoA of 27.0% and 24.4%, respectively. The market RoA stood at 5.4%, down from 6.2% in the prior quarter.

On the other hand, Jarir and Extra had the highest RoE of 60.7% and 37.9%, respectively. The market RoE stood at 16.8%, up from 12.9% in the previous quarter.

Najran Cement and MUSHARAKA REIT had the largest dividend yields (2020) of 7.0% and 6.4%, respectively.

The average market dividend yield stood at 2.3%

Saudi Investment Bank and Al-Etihad Cooper had the lowest P/E ratio of 11.66 and 12.26, respectively. The market P/E ratio stood at 27.3, down from 36.8 in the prior quarter.

Dar Al-Arkan and SAIB had the lowest P/B ratio of 0.57 and 0.90, respectively. The market P/B ratio stood at 2.39, up from 2.42 in the prior quarter.

The corporate earnings continued the strong uptrend in Q2-21, rising by 372.9%.

This is a strong indicator that the economy is robustly rebounding from the impact of the pandemic, and most of the sectors are operating close to pre COVID levels.

Supported by the increase in oil prices, augur well for the future.

Companies’ net profits in the second quarter of 2021 were boosted by rising crude oil prices (reaching their highest level in six years), due to economic recovery, and increased worldwide demand.

The energy sector’s net profit climbed by 271.0% in the second quarter of 2021, compared to the same period the previous year, owing mostly to a SR65.5 billion rise in Saudi Aramco’s net earnings, compared to the same quarter the previous year.

The company’s net profit has climbed, thanks to higher crude oil prices and improved chemical margins, as well as SABIC’s financial achievements.