Editor's Note: the "Trending Saudi Stocks" column tracks the day's top bullish stocks in the KSA market, aiding investors in promptly identifying opportunities for potential gains.

At the close of 23/02/2026, the Tadawul All Shares Index rose by 0.34%, closing at 10984.06 points; the Parallel Market Capped Index dropped by 0.37%, closing at 23318.76 points. Sahm has compiled the Top 10 Daily Stock Price Gainers in the KSA market.

The Top 10 Daily Gainers in the KSA market are listed as follows:

Retal Urban Development co.: The daily gain is 6.7%, acquires Ajdan, expanding its strategic urban development portfolio.

Retal Urban Development Co. (RETAL) is a publicly traded entity on the Saudi Exchange (Tadawul) since June 2022. The company specializes in real estate management and development services within the broader real estate sector. Headquartered in Khobar, Saudi Arabia, RETAL was founded in February 2012. It has established itself as a significant player in the Saudi Arabian real estate market.

In a noteworthy development, the possible reason for the stock price increase of 4322.SA (Retal Urban Development co.) may be its strategic expansion moves in the Saudi real estate sector. The company recently signed a share swap agreement with AlFozan Holding Company to acquire 47.5% of Ajdan Real Estate Development Company for 881.65 million Saudi Riyals. This acquisition, financed through a capital increase, will boost Retal's capital by 11% to 555 million Saudi Riyals. Additionally, Retal has secured an agreement to purchase a 5% stake in Ajdan from Sumou for International Investment Company for 125 million Saudi Riyals. Upon completion of these transactions, Retal's ownership in Ajdan will reach 50%, significantly strengthening its market position. These aggressive expansion strategies have likely bolstered investor confidence, driving the stock's 6.7% daily gain and 18.7% year-to-date increase.

Lazurde Company for Jewelry: The daily gain is 5.4%, Investor confidence drives market gains for the jewelry firm.

Lazurde Company for Jewelry, operating under the name Lazurde, is a publicly traded entity on the Saudi Stock Exchange (Tadawul) since June 2016. The company specializes in the Consumer Durables & Apparel sector, with a focus on Apparel, Accessories & Luxury Goods. Headquartered in Riyadh, Saudi Arabia, Lazurde was founded in January 1992.

In a noteworthy development, the possible reason for the stock price increase of 4011.SA (Lazurde Company for Jewelry) may be attributed to strong investor confidence and positive market sentiment. The stock's 5.4% surge in a single trading day indicates robust short-term optimism. Additionally, the company's year-to-date gain of 2.3% suggests a modest but steady upward trend, potentially attracting further investor interest. As a prominent player in the luxury jewelry sector, Lazurde may be benefiting from favorable market conditions in Saudi Arabia's consumer durables and apparel industry.

Bawan Co.: The daily gain is 4.8%, Trading volume soars as sector optimism boosts investor confidence in the company.

Bawan Co, a publicly traded entity on the Saudi Stock Exchange (Tadawul) since December 2013, operates in the Capital Goods sector with a focus on Building Products. Headquartered in Riyadh, Saudi Arabia, the company was founded in August 1980. Bawan's listing on Tadawul underscores its significant role in the Saudi Arabian construction and industrial materials market.

In a noteworthy development, the possible reason for the stock price increase of 1302.SA (Bawan Co.) may be attributed to a significant surge in trading volume. The company's shares experienced a 46.29% increase in trading volume compared to its 3-month daily average during the early trading session. This heightened activity coincided with a 4.8% rise in the stock price, making Bawan Co. one of the day's top performers. The sudden spike in investor interest could be driven by positive sector developments in Saudi Arabia's construction and building materials industry, where Bawan operates. Alternatively, undisclosed company-specific news or improved market sentiment may have contributed to the stock's upward momentum.