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 23/04/2026, the Tadawul All Shares Index dropped by 1.2%, closing at 11109.59 points; the Parallel Market Capped Index dropped by 0.04%, closing at 22851.49 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:

Saudi Darb Investment Co.(4130.SA): The daily gain is 8.1%, wins SAR 68.7M legal ruling against former board members in court decision.

Al Baha Investment and Development operates as a publicly traded entity on the Saudi Stock Exchange under the ticker TDWL, maintaining its listing status since January 1993. The corporation functions within the diversified financials sector, specializing in multi-sector holdings and investment activities. Headquartered in Baljurashi, Saudi Arabia, the company was incorporated in November 1992. The organization focuses on diversified investment strategies across multiple industry sectors, positioning itself as a key player in the Saudi financial markets through its comprehensive portfolio management approach.

In a noteworthy development, the possible reason for the stock price increase of 4130.SA (Saudi Darb Investment Co.) may be attributed to a significant legal victory that has captured strong market attention. The Securities Dispute Resolution Committee issued a preliminary ruling on April 22, 2026, ordering former board members from 2010-2013 to pay SAR 68.7 million in damages plus SAR 500,000 in legal fees to the company. This legal breakthrough has triggered exceptional market response, with trading volume surging 823.62% above the three-month average to 32.05 million shares, demonstrating intense investor interest. The stock emerged as the day's top gainer with an 8.1% surge, ranking first on both the gainers list and volume surge rankings by 12:23 trading time. The substantial financial recovery, while below the original SAR 100 million claim, represents a meaningful windfall for the diversified financial holding company. Market participants appear to view this outcome positively, anticipating improved financial flexibility and enhanced corporate governance perception once the 30-day appeal period concludes and the ruling becomes final.

Rabigh Refining and Petrochemical Co.(2380.SA): The daily gain is 6.9%, reaches 52-week peak amid robust institutional buying and petrochemical sector rebound.

Rabigh Refining and Petrochemical Company operates as a publicly traded entity on the Saudi Stock Exchange under the ticker TDWL, having commenced trading in January 2008. The corporation functions within the energy sector, specializing in oil and gas refining and marketing operations. Headquartered in Mecca, Saudi Arabia, the company was incorporated in September 2005 and maintains its primary business focus on petrochemical and refining activities in the regional market.

In a noteworthy development, the possible reason for the stock price increase of 2380.SA (Rabigh Refining and Petrochemical Co.) may be attributed to several converging factors. The company's exceptional 68.1% year-to-date performance reflects sustained investor confidence in the petrochemical sector's recovery prospects. As a Saudi Arabia-based refining and petrochemical enterprise, Petro Rabigh benefits from favorable regional energy policies and robust domestic market conditions. The 50.18% surge in trading volume to 8.53 million shares, significantly exceeding the three-month average, indicates heightened institutional interest and potential positive sentiment around the company's operational outlook. The stock's breakthrough to a 52-week high of 11.50 SAR triggered technical momentum buying, while the 6.9% daily gain positioning it as the second-best performer suggests strong market confidence in the refining sector's margin expansion potential and petrochemical demand recovery trends.

BAAN Holding Group Co.(1820.SA): The daily gain is 6.1%, Strategically positioned to capitalize on Saudi Vision 2030's ambitious tourism development and economic diversification initiatives.

Abdul Mohsen Al Hokair Group for Tourism and Development Co operates as a publicly traded entity on the Saudi Stock Exchange under the ticker TDWL, having commenced trading in June 2014. The corporation functions within the consumer services sector, specializing in hospitality operations including hotels, resorts, and cruise line services. Headquartered in Riyadh, Saudi Arabia, the company was incorporated in July 1978 and maintains its primary focus on tourism and development activities across the regional market.

In a noteworthy development, the possible reason for the stock price increase of 1820.SA (BAAN Holding Group Co.) may be attributed to its strategic positioning within Saudi Arabia's Vision 2030 tourism transformation initiative. The company's 6.1% daily surge and impressive 19.3% year-to-date gain reflect strong investor confidence in the kingdom's economic diversification strategy. As an established hospitality operator since 1978, BAAN is well-positioned to capitalize on Saudi Arabia's massive tourism infrastructure investments, including mega-projects like NEOM and the Red Sea Development. The company's consumer services focus aligns perfectly with the government's identification of entertainment and tourism as key growth drivers. The stock's current market capitalization of 66 billion Saudi Riyals indicates market expectations of enhanced revenue generation from the expanding tourism ecosystem. Seasonal demand patterns and potential operational improvements across BAAN's hotel and resort portfolio further support the positive market sentiment, positioning the company advantageously to capture increasing domestic and international tourism flows.

Alkhorayef Water and Power Technologies Co(2081.SA): The daily gain is 4.2%, the stock price has risen.

Alkhorayef Water and Power Technologies Co. (AWPT) operates as a publicly traded entity on the Saudi Stock Exchange (Tadawul) under ticker TDWL, having commenced trading in March 2021. The corporation functions within the utilities and renewable energy sector, specializing in public utility services. Headquartered in Riyadh, Saudi Arabia, the company was incorporated in September 1991 and maintains its primary focus on water and power technology solutions.

It is worth noting that the daily gain of Alkhorayef Water and Power Technologies Co(2081.SA) is 4.2%, and the year-to-date gain/loss is -3.9%.

Lumi Rental Co.(4262.SA): The daily gain is 3.0%, gains from Saudi Vision 2030 infrastructure drive and technical recovery momentum.

Lumi Rental Co. (LUMI) operates as a publicly traded entity on the Saudi Exchange (Tadawul) following its listing in September 2023. The corporation specializes in transportation services, with primary focus on railroad and trucking operations. Headquartered in Riyadh, Saudi Arabia, the company was incorporated in November 2007 and maintains its operational base within the Kingdom's transportation infrastructure sector.

In a noteworthy development, the possible reason for the stock price increase of 4262.SA (Lumi Rental Co.) may be attributed to several converging factors. The 3.0% daily gain reflects renewed market confidence in Saudi Arabia's Vision 2030 infrastructure development initiatives, particularly benefiting transportation and logistics companies operating in railroad and trucking services. As a relatively new listing on Tadawul since September 2023, the stock appears to be experiencing a technical rebound from oversold conditions after declining 17.3% year-to-date. The significant 84.34% surge in trading volume to 562,009 shares, substantially above the three-month average of 304,873 shares, indicates heightened investor interest and improved market liquidity. With a market capitalization of 227 billion Saudi Riyals, Lumi Rental is strategically positioned to capitalize on increased government spending on transportation infrastructure projects. The cyclical nature of the transportation industry shows signs of potential recovery as economic activity levels improve, making the company an attractive investment option for institutional investors seeking exposure to the Kingdom's economic diversification efforts under Vision 2030.

The Power and Water Utility Company for Jubail and Yanbu(2083.SA): The daily gain is 2.9%, MARAFIQ Boosts Market Confidence Through Vision 2030 Infrastructure Role and Defensive Utility Characteristics

MARAFIQ, a publicly-traded utility corporation on Saudi Arabia's Tadawul exchange since November 2022, operates as the primary power and water infrastructure provider for the Jubail and Yanbu industrial cities. Established in September 2001 and headquartered in Jubail, the entity specializes in utilities and renewable energy services within the public utilities segment, serving critical industrial zones in the Kingdom's Eastern Province.

In a noteworthy development, the possible reason for the stock price increase of 2083.SA (The Power and Water Utility Company for Jubail and Yanbu) may be attributed to several strategic factors. The 2.9% daily surge reflects renewed market confidence in utility sectors, particularly those aligned with Saudi Arabia's Vision 2030 infrastructure expansion initiative. MARAFIQ's monopolistic position in the Jubail and Yanbu strategic economic zones provides significant competitive advantages and pricing power. The company's year-to-date decline of 3.7% had created attractive entry points for value investors, triggering technical rebounds from oversold levels. The utility's stable cash flow profile from serving major industrial parks appeals to institutional investors seeking defensive assets during market volatility. With a market capitalization of 86.5 billion riyals, MARAFIQ benefits from its essential role in supporting Saudi Arabia's economic diversification efforts. Market sentiment has shifted favorably toward defensive utility stocks, with MARAFIQ's strategic importance in industrial development making it an attractive investment target for institutions seeking reliable income streams and growth exposure to the kingdom's expanding economic zones.

The Company for Cooperative Insurance(8010.SA): The daily gain is 2.6%, Tawuniya Reports Strong Q1 2026 Earnings Growth and Announces Major Dividend Distribution

The Company for Cooperative Insurance (Tawuniya) operates as a publicly traded entity on the Saudi Stock Exchange under ticker TDWL since January 2005. The organization specializes in multi-line insurance services within the insurance sector. Headquartered in Riyadh, Saudi Arabia, the company was incorporated in January 1986.

In a noteworthy development, the possible reason for the stock price increase of 8010.SA (The Company for Cooperative Insurance) may be attributed to several compelling corporate actions and strong financial performance indicators. The company's robust earnings outlook serves as a primary catalyst, with Q1 2026 net profit projected at 275 million Saudi Riyals, marking a 5.1% year-over-year increase and an impressive 37% quarter-over-quarter growth from 201 million Saudi Riyals in Q4 2025. This upward trajectory demonstrates operational efficiency and market positioning strength. Additionally, the board's strategic initiatives are driving investor confidence. The proposed 50% capital increase through bonus shares, expanding from 150 million to 225 million shares via a 2:1 ratio, signals management's commitment to supporting business expansion. Simultaneously, the substantial cash dividend proposal of 3 billion Saudi Riyals for fiscal 2025, representing 2 Saudi Riyals per share (20% of par value), enhances shareholder value proposition. These combined factors - strong earnings growth, generous dividend yield, and strategic capital enhancement - collectively reinforce market confidence in Tawuniya's competitive positioning within Saudi Arabia's insurance sector, justifying the 2.6% daily gain and 13.5% year-to-date performance.

Red Sea International Co.(4230.SA): The daily gain is 2.5%, Reports 97% Volume Surge on Technical Rebound and Vision 2030 Optimism

Red Sea International Co operates as a publicly traded entity on the Saudi Stock Exchange under the ticker TDWL, having commenced trading in November 2006. The corporation specializes in diversified real estate activities within the broader real estate sector. Headquartered in Jeddah, Saudi Arabia, the company was incorporated in January 1986 and maintains its primary business focus on various real estate development and investment operations across the Kingdom.

In a noteworthy development, the possible reason for the stock price increase of 4230.SA (Red Sea International Co.) may be attributed to technical oversold recovery and heightened market interest. Following a substantial year-to-date decline of 30.9%, the stock appears to be experiencing a technical rebound as investors potentially view current valuations as attractive entry points. The most significant indicator is the dramatic 97.26% surge in trading volume to 946,355 shares, substantially exceeding the three-month average of 479,752 shares. This elevated trading activity suggests renewed institutional or retail investor interest, possibly driven by value-seeking behavior after the stock's prolonged decline. As a diversified real estate company established in 1986 and based in Jeddah, Red Sea International may be benefiting from positive sentiment surrounding Saudi Arabia's Vision 2030 infrastructure initiatives and real estate sector developments. The company's positioning within the kingdom's economic diversification efforts could be attracting investors despite recent underperformance, particularly given its current market capitalization of SAR 11.1 billion representing potential value opportunities.

Arabian Contracting Services Co.(4071.SA): The daily gain is 2.3%, the stock price has risen.

Arabian Contracting Services Co. operates as a leading entity in outdoor advertising infrastructure, specializing in billboard establishment and management across roadside and indoor segments. The organization actively participates in competitive tenders issued by governmental secretariats, municipalities, and agencies throughout Saudi Arabian provinces and cities, securing lease agreements for strategic advertising locations. Through these partnerships, the company installs billboard infrastructure and monetizes advertising space through client sales. Recent strategic expansion has encompassed indoor advertising markets, with the company executing exclusive contractual arrangements with commercial center proprietors across multiple Kingdom regions. This diversification strategy positions the entity to capitalize on both traditional outdoor advertising opportunities and emerging indoor market segments, establishing a comprehensive advertising solutions portfolio within the Saudi Arabian market landscape.

It is worth noting that the daily gain of Arabian Contracting Services Co.(4071.SA) is 2.3%, and the year-to-date gain/loss is -2.9%.

Saudi Paper Manufacturing Co.(2300.SA): The daily gain is 1.8%, the stock price has risen.

Saudi Paper Manufacturing (SPM) operates as a publicly traded entity within the Materials sector, specializing in paper products manufacturing. The company maintains its primary operations base in Dammam, Saudi Arabia, where it was incorporated in November 1989. SPM has been publicly listed on the Saudi Stock Exchange under the ticker symbol TDWL since June 2006, providing investors with equity participation opportunities in the regional paper manufacturing industry.

It is worth noting that the daily gain of Saudi Paper Manufacturing Co.(2300.SA) is 1.8%, and the year-to-date gain/loss is -2.3%.

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