Al-Jazira Capital among top 10 Firms

Top ten firms in the Saudi stock exchange Tadawul in terms of profitability and book value, were revealed by Al Jazira Capital.

Saudi Electricity Company and Chemanol Company had the lowest P/E ratios of 7.74 and 10 times, respectively, followed by Al Yamamah Steel Industries and Sipchem at 10.9 and 11.04 times.

Dar Al-Arkan and Seera Group had the lowest repeat book values, with 0.59 and 1.05 times, respectively, followed by Al-Jouf Cement and Northern Cement with 1.08 and 1.14 times, respectively, according to the research.

Source: Tadawul, Maaal follow up unit

The main Saudi market index closed at 11,271.84 points at the end of January, up 9.0% from the previous month.

While the overall value of trading was SR144.2 billion, with an average daily volume of SR6.9 billion.

The shares of basic materials and banking sector companies traded for 41.4% of the total value traded during the month, indicating that all sectors in the index closed on the rise, with the media sector and investment and finance sectors performing the best, up 19.6% and 14.4%, respectively, from the previous month. The performance of the food retail sector and the commercial services sector, respectively, was the least inclined, with increases of 0.4% and 2.0% over the previous month.

The shares of Tadawul Group had the highest performance in January, up 28.8% from the previous month. In contrast, the shares of the issued firm had the poorest performance, down 21.3% from the previous month.