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 24/04/2025, the Tadawul All Shares Index rose by 0.71%, closing at 11764.39 points; the Parallel Market Capped Index rose by 0.48%, closing at 28598.6 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:

Derayah Financial Co.: The daily gain is 8.2%, introduces new dividend policy with quarterly payouts to enhance shareholder returns.

In a noteworthy development, the possible reason for the stock price increase of Derayah Financial Co.(4084.SA) may be attributed to the company's announcement of a new three-year dividend policy. The policy guarantees a minimum dividend of 1.30 Saudi Riyals per share for 2025 and commits to distributing at least 60% of annual distributable profits as dividends for 2026 and 2027. Additionally, Derayah Financial declared an immediate dividend of 0.325 Saudi Riyals per share for Q1 2025, totaling 79.13 million Riyals. The company also plans to implement quarterly dividend distributions starting from Q1 2025 until Q4 2027. These investor-friendly measures likely contributed to the stock's 8.2% surge on the announcement day and its 3.2% year-to-date gain.

Saudi Arabian Mining Co.: The daily gain is 5.7%, reports robust financials and outlines expansion plans as gold prices surge.

Saudi Arabian Mining Co.(1211.SA) (MAADEN) is a publicly traded entity on the Saudi Stock Exchange (Tadawul) since 2008. It operates in the Materials sector, specializing in mining and diversified metals. Headquartered in Riyadh, Saudi Arabia, MAADEN was founded in 1997. The company plays a significant role in the kingdom's mining industry, contributing to economic diversification efforts.

In a noteworthy development, the possible reason for the stock price increase of 1211.SA (Saudi Arabian Mining Co.) may be its strong financial performance and positive industry outlook. The company reported significant growth in its 2024 fiscal year, with revenue reaching 32.5 billion Saudi Riyals, up from 29.3 billion in the previous year. Net profit surged by 82% to 2.9 billion Saudi Riyals, while earnings per share rose to 0.78 Saudi Riyals from 0.43 Saudi Riyals. The recent rise in gold prices has positively impacted the company's financial performance, potentially driving investor interest. Additionally, Maaden's new brand identity launch and ambitious growth plans, aiming for 10-fold growth by 2040, may have boosted investor confidence. A large block trade of 870,000 shares worth 38.76 million Saudi Riyals on Thursday further indicates strong institutional interest in the stock.

Saudi Reinsurance Co.: The daily gain is 5.3%, Moody's upgrades rating to A2, citing improved financial profile and market position.

Saudi Reinsurance Co.(8200.SA) (SAUDI RE) operates in the insurance sector, specializing in reinsurance. Established in May 2008, the company is headquartered in Riyadh, Saudi Arabia. SAUDI RE has been publicly traded on the Saudi Stock Exchange (Tadawul) since its inception. As a key player in the regional reinsurance market, the company provides risk management solutions to insurers.

In a noteworthy development, the possible reason for the stock price increase of 8200.SA (Saudi Reinsurance Co.) may be attributed to Moody's upgrade of the company's Insurance Financial Strength Rating from A3 to A2 with a stable outlook. This upgrade reflects Saudi Re's improved business profile and financial condition, bolstered by the Saudi Public Investment Fund's acquisition of a significant minority stake. The company is expected to benefit from enhanced reinsurance regulations, ongoing economic growth, and diversification efforts in Saudi Arabia. Despite macroeconomic uncertainties, Moody's anticipates Saudi Re will maintain good underwriting discipline, sustainable profitability, and strong capital adequacy over the next 12-18 months.

Editor's note: This content was generated by Sahm's in-house AI-enabled SaaS tool and was reviewed by our editing team.