Market Movements Now | 2 Bank Stocks Hit 52-Week Highs Ahead of Earnings; ACWA Power (2082) Signs SAR 11.5bn Deal; Miahona (2084) Finalizes 2025 Distribution Plan
NICE ONE 4193.SA | 14.76 | -2.89% |
EIC 1303.SA | 17.81 | -3.99% |
SAUDI ARAMCO 2222.SA | 27.22 | -0.15% |
ALRAJHI 1120.SA | 68.70 | -2.21% |
SNB 1180.SA | 39.78 | -1.83% |
TASI Mid-Market Update — April 19, 2026
The Saudi benchmark index Tadawul All Shares Index(TASI.SA) edged lower during Sunday’s session, as regional geopolitical developments and renewed uncertainty regarding energy supply routes weighed on investor sentiment.
The index retreated 0.1% in volatile trading, primarily influenced by a 0.8% decline in shares of the oil major, Saudi Arabian Oil Co.(2222.SA). The downward movement follows a significant 9% drop in global oil prices at Friday’s close, triggered by a temporary easing of tensions that had briefly allowed for the resumption of commercial shipping.
Market activity remains cautious as participants monitor the status of U.S.-Iran negotiations and the potential for further disruptions in the Strait of Hormuz. Despite reports of progress in diplomatic talks, the persistence of significant gaps between the negotiating parties has contributed to a subdued trading environment across Gulf equities.
In the large-cap sector, Al Rajhi Bank(1120.SA) trading 0.27% lower. The Saudi National Bank(1180.SA) and Saudi Arabian Mining Co.(1211.SA) are both seeing declines, moving 0.89% and 0.91% respectively. ACWA POWER Co.(2082.SA) is surging by 3%. Saudi Basic Industries Corp.(2010.SA) is easing by 0.5%.
Notable News
ACWA Power Signs SAR 11.5bn Deal
ACWA POWER Co.(2082.SA) signed a SAR 11.5 billion Power Purchase Agreement with Saudi Power Procurement Company for the Rabigh 2 IPP Expansion. The natural gas-fired facility will provide 2,313.5 MW of capacity. The project aims to expand electrical infrastructure in the Makkah province through a combined cycle gas turbine plant. ACWA holds a 40% stake in the 31-year contract, with full financial impact disclosures pending the project's financial close.
Leejam Rises After Expansion News
Leejam Sports Co.(1830.SA) launched two new fitness centers in Jeddah’s Murjan district on April 18, 2026. The expansion, featuring high-spec equipment for men and women, aligns with regional growth targets. Financial impacts will appear in the Q2 2026 reporting period. The firm anticipates announcing further center openings in the upcoming weeks.
Miahona Board Finalizes 2025 Distribution Plan
Miahona Co.(2084.SA) recommended a total cash dividend distribution of SAR 24,138,831.45 for the 2025 financial year. The payout amounts to SAR 0.15 per share for 160,925,543 eligible shares, representing 15% of the par value. Distribution is contingent on General Assembly approval, while non-resident foreign shareholders remain subject to a 5% withholding tax on all transferred dividends.
Key Dividend Events
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New 52-Week High before 11:34 am
| Symbol | 52W High Price |
|---|---|
| Kingdom Holding Co.(4280.SA) | 10.88 |
| Electrical Industries Co.(1303.SA) | 19.90 |
| Saudi Awwal Bank(1060.SA) | 37.92 |
| Banque Saudi Fransi(1050.SA) | 20.89 |
Significant Volume Surge before 11:34 am
| Symbol | Volume Change % | 3M Average Volume | Today's Volume So Far |
|---|---|---|---|
| Baazeem Trading Co.(4051.SA) | +277.17% | 423,416 | 1,597,009 |
| Nice One Beauty Digital Marketing Co.(4193.SA) | +216.76% | 896,561 | 2,839,932 |
| Sport Clubs Co.(6018.SA) | +174.22% | 2,297,162 | 6,299,346 |
| Jahez International Company for Information System Technology(6017.SA) | +132.0% | 1,915,236 | 4,443,314 |
| Red Sea International Co.(4230.SA) | +97.26% | 479,752 | 946,355 |
| Lumi Rental Co.(4262.SA) | +77.33% | 264,666 | 469,319 |
| Saudi Fisheries Co.(6050.SA) | +69.35% | 150,046 | 254,103 |
| Theeb Rent a Car Co.(4261.SA) | +65.6% | 523,935 | 867,645 |
| United International Transportation Co.(4260.SA) | +58.96% | 297,066 | 472,205 |
| Maharah Human Resources Co.(1831.SA) | +55.69% | 3,511,122 | 5,466,571 |
| Shatirah House Restaurant Co.(6016.SA) | +51.28% | 564,768 | 854,364 |
| Saudi Marketing Co.(4006.SA) | +39.8% | 59,478 | 83,148 |
| Halwani Bros. Co.(6001.SA) | +33.14% | 28,882 | 38,454 |
Top Gainers before 11:34 am
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Nice One Beauty Digital Marketing Co.(4193.SA) | 15.27 | +8.22% |
| Jahez International Company for Information System Technology(6017.SA) | 13.15 | +5.96% |
| Red Sea International Co.(4230.SA) | 23.88 | +5.66% |
| Baazeem Trading Co.(4051.SA) | 5.92 | +5.53% |
| Sport Clubs Co.(6018.SA) | 7.51 | +5.03% |
Top Losers before 11:34 am
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Saudi Steel Pipe Co.(1320.SA) | 53.75 | -1.83% |
| East Pipes Integrated Company for Industry(1321.SA) | 183.50 | -1.71% |
| Al Majed Oud Co.(4165.SA) | 163.50 | -1.51% |
| National Medical Care Co.(4005.SA) | 132.60 | -1.41% |
| Saudi Arabian Mining Co.(1211.SA) | 70.45 | -1.33% |