Market Movements Now | 4 Saudi Stocks to 52W Highs; SAPTCO (4040) Surges 10% as Net Profit Soars To SAR 58M; Petro Rabigh (2380) Shareholders Plunge Capital By 24%
SAPTCO 4040.SA | 11.81 | -2.64% |
SALEH ALRASHED 1324.SA | 64.50 | -2.35% |
ALRAJHI 1120.SA | 106.90 | +0.47% |
SAUDI ARAMCO 2222.SA | 27.54 | -0.22% |
ADES 2382.SA | 17.90 | -1.59% |
TASI Mid-Market Update — March 30, 2026
The Saudi Arabian benchmark index Tadawul All Shares Index(TASI.SA) advanced 0.6% in early Monday trading, outperforming broader regional markets amid ongoing geopolitical developments. The index was primarily supported by gains in heavyweights, with Al Rajhi Bank(1120.SA) rising 1.3% and state oil producer Saudi Arabian Oil Co.(2222.SA) gaining 1%.
In the energy services sector, Ades Holding Co.(2382.SA) saw its shares increase by 1.3% after the company reported a 2% rise in annual net profit, exceeding analyst expectations and reaffirming its growth outlook for the current year.
Market sentiment was also influenced by movements in the energy sector, as Brent crude headed toward a record monthly gain. Supply concerns were partially mitigated by data showing Saudi crude exports via the Yanbu port reached 4.658 million barrels per day last week, following the redirection of volumes from the Strait of Hormuz.
Notable News
SAPTCO Surges 10% as Net Profit Soars To SAR 58M
Saudi Public Transport Co.(4040.SA) reported a corrected net profit of SAR 58.3 million for 2025, rebounding from a SAR 9.6 million loss in 2024. Revenue surged 25% to SAR 1.83 billion driven by expanded transport operations and lower financing costs. While accumulated losses dropped to 21.9% of capital, the company notably revised its initial profit figures downward by nearly 48% in a follow-up filing.
Petro Rabigh Shareholders Plunge Capital By 24%
Shareholders of Rabigh Refining and Petrochemical Co.(2380.SA) approved a 23.95% capital reduction from SAR 21.97 billion to SAR 16.71 billion during Sunday's EGM. The maneuver, designed to eliminate accumulated losses, reduces the nominal value of Class A shares to SAR 6.85 without cancelling existing shares. This balance sheet restructuring aims to improve financial health without impacting total shareholder equity or company obligations.
Key Dividend Events
| Symbol | Announcement Date | Eligibility Date | Distribution Date | Dividend Amount |
|---|---|---|---|---|
| City Cement Co.(3003.SA) | 2026-03-24 | 2026-03-30 | 2026-04-20 | 0.50 |
| Saudi Company for Hardware(4008.SA) | 2026-03-04 | 2026-03-16 | 2026-03-30 | 0.25 |
| SABIC Agri-Nutrients Co.(2020.SA) | 2026-03-01 | 2026-03-08 | 2026-03-30 | 3.50 |
Related reads: When will users receive dividends?
New 52-Week High before 12:44 pm
Significant Volume Surge before 12:44 pm
| Symbol | Volume Change % | 3M Average Volume | Today's Volume So Far |
|---|---|---|---|
| Al Mawarid Manpower Co.(1833.SA) | +409.79% | 100,450 | 512,089 |
| Saudi Steel Pipe Co.(1320.SA) | +187.57% | 215,170 | 618,764 |
| Development Works Food Co.(6013.SA) | +172.87% | 30,036 | 81,960 |
| First Milling Co.(2283.SA) | +153.36% | 37,456 | 94,900 |
| Raoom Trading Co.(4144.SA) | +137.54% | 59,054 | 140,276 |
| Halwani Bros. Co.(6001.SA) | +124.74% | 30,814 | 69,251 |
| Jahez International Company for Information System Technology(6017.SA) | +109.46% | 1,305,876 | 2,735,327 |
| Arabian Pipes Co.(2200.SA) | +91.11% | 4,170,960 | 7,971,045 |
| Saudi Manpower Solutions Co.(1834.SA) | +69.02% | 1,857,395 | 3,139,409 |
| Al Gassim Investment Holding Co.(6020.SA) | +67.01% | 57,826 | 96,573 |
| Rabigh Refining and Petrochemical Co.(2380.SA) | +65.22% | 3,922,701 | 6,481,222 |
Top Gainers before 12:44 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Saudi Public Transport Co.(4040.SA) | 9.88 | +9.9% |
| Saleh Abdulaziz Al Rashed and Sons Co.(1324.SA) | 66.30 | +8.51% |
| Raoom Trading Co.(4144.SA) | 71.50 | +7.36% |
| Saudi Steel Pipe Co.(1320.SA) | 43.98 | +4.27% |
| Thimar Development Holding Co.(4160.SA) | 36.84 | +4.19% |
Top Losers before 12:44 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Derayah Financial Co.(4084.SA) | 21.14 | -3.91% |
| Jahez International Company for Information System Technology(6017.SA) | 11.79 | -3.91% |
| Nahdi Medical Co.(4164.SA) | 104.00 | -3.26% |
| Retal Urban Development Co.(4322.SA) | 13.54 | -2.73% |
| Anaam International Holding Group(4061.SA) | 10.60 | -2.66% |