Market Movements Now | Al Mawarid (1833) Target Price Soars 22%; Arabian Pipes (2200)'s Key Dividend Events Today; 5 Saudi Stocks Hit 52W Highs
SFICO 6050.SA | 0.00 | |
AMANA INSURANCE 8310.SA | 0.00 | |
SNB 1180.SA | 0.00 | |
SAUDI ARAMCO 2222.SA | 0.00 | |
ALRAJHI 1120.SA | 0.00 |
Subscribe to The Trend Catcher Topic / The Value Anchor Topic —unlock the full historical archive and never miss a weekly pick again.
TASI Mid-Market Update — June 22, 2026
Saudi Arabia's benchmark equity index, the Tadawul All Shares Index(TASI.SA), registered a minor decline on Monday, easing by 0.16% during the morning session. The market's downward movement was primarily driven by losses in heavy-weight financial and energy constituents.
Geopolitical tensions in the Middle East showed signs of moderation as senior U.S. and Iranian officials concluded their first round of peace talks in Switzerland, agreeing on a 60-day roadmap toward a final deal. However, regional stability remains complex following Iran's weekend closure of the Strait of Hormuz and a major explosion at Qatar's Ras Laffan liquefied natural gas processing facility.
The country's largest banking institution by assets, The Saudi National Bank(1180.SA), recorded a 0.8% reduction in its share price. Concurrently, state-backed oil major Saudi Arabian Oil Co.(2222.SA) saw its shares decrease by 0.3%.
The localized equity contractions coincided with a broader downswing in international energy benchmarks, where Brent crude futures (LCOc1) declined by $1.68, or 2.09%, to trade at $78.89 per barrel by 06:33 GMT. Regional market performance remained tightly aligned with these shifts in major underlying commodity lines and asset valuations.
In the large-cap sector, Al Rajhi Bank(1120.SA) is holding steady. Saudi Arabian Mining Co.(1211.SA) is retreating by 1.10%. ACWA POWER Co.(2082.SA) is posting a gain of 0.15%. Saudi Basic Industries Corp.(2010.SA) is holding steady.
Notable News
Al Mawarid Target Price Soars 22%
Research firms maintained "Buy" ratings on Al Mawarid Manpower Co.(1833.SA) after Q1 2026 profit rose to SAR 52.2 million, beating forecasts. AlJazira Capital lifted its target price by 21.8% to a high of SAR 123.75, while SNB Capital raised its target by 16.9% to SAR 118.80, resulting in a SAR 121.28 average target price.
Cenomi Centers Corrects Capitalization Figure
Arabian Centres Co.(4321.SA) (Cenomi Centers) corrected its capital increase announcement, clarifying that SAR 426,587,620 will be capitalized from retained earnings instead of SAR 712,500,000. The total share capital will still increase to SAR 5,176,587,620. The error stemmed from using market value instead of nominal value, leaving the final number of bonus shares unaffected.
Key Dividend Events
| Symbol | Announcement Date | Eligibility Date | Distribution Date | Dividend Amount |
|---|---|---|---|---|
| Arabian Pipes Co.(2200.SA) | 2026-02-23 | 2026-06-22 | 2026-07-12 | 0.17 |
Related reads: When will users receive dividends?
New 52-Week High before 12:20 pm
| Symbol | 52W High Price |
|---|---|
| Saudi Energy Co.(5110.SA) | 18.31 |
| Al Moammar Information Systems Co.(7200.SA) | 219.40 |
| East Pipes Integrated Company for Industry(1321.SA) | 229.90 |
| Taleem REIT Fund(4333.SA) | 10.87 |
| SEDCO CAPITAL REIT Fund(4344.SA) | 8.10 |
Subscribe to The Trend Catcher Topic / The Value Anchor Topic —unlock the full historical archive and never miss a weekly pick again.
Significant Volume Surge before 12:20 pm
| Symbol | Volume Change % | 3M Average Volume | Today's Volume So Far |
|---|---|---|---|
| Al-Omran Industrial Trading Co.(4141.SA) | +759.81% | 60,437 | 519,645 |
| Saudi Fisheries Co.(6050.SA) | +276.31% | 173,830 | 654,132 |
| AL Maather REIT Fund(4334.SA) | +266.31% | 27,393 | 100,343 |
| Tabuk Agricultural Development Co.(6040.SA) | +168.74% | 305,509 | 821,030 |
| Al-Rajhi Company for Cooperative Insurance(8230.SA) | +106.64% | 332,339 | 686,737 |
| National Metal Manufacturing and Casting Co.(2220.SA) | +88.33% | 158,636 | 298,758 |
| Jadwa REIT Saudi Fund(4342.SA) | +75.58% | 153,375 | 269,294 |
| SEDCO CAPITAL REIT Fund(4344.SA) | +60.97% | 204,108 | 328,547 |
| Bonyan REIT Fund(4347.SA) | +53.33% | 135,550 | 207,839 |
| Tihama Advertising, Public Relations and Marketing Co.(4070.SA) | +51.01% | 143,951 | 217,382 |
| Al Yamamah Steel Industries Co.(1304.SA) | +45.0% | 444,565 | 644,598 |
| Mutakamela Insurance Co.(8040.SA) | +40.28% | 92,677 | 130,011 |
| Tamkeen Human Resource Co.(1835.SA) | +30.39% | 94,054 | 122,633 |
| Ash-Sharqiyah Development Co.(6060.SA) | +29.83% | 139,183 | 180,706 |
| Nama Chemicals Co.(2210.SA) | +19.15% | 97,466 | 116,132 |
| Saudi Darb Investment Co.(4130.SA) | +12.88% | 4,290,900 | 4,843,657 |
Top Gainers before 12:20 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Saudi Fisheries Co.(6050.SA) | 48.26 | +7.34% |
| Amana Cooperative Insurance Co.(8310.SA) | 7.21 | +4.49% |
| Al-Omran Industrial Trading Co.(4141.SA) | 21.82 | +4.15% |
| Al Yamamah Steel Industries Co.(1304.SA) | 42.70 | +3.64% |
| Saleh Abdulaziz Al Rashed and Sons Co.(1324.SA) | 45.44 | +3.18% |
Top Losers before 12:20 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Tabuk Agricultural Development Co.(6040.SA) | 6.50 | -3.56% |
| Flynas Co.(4264.SA) | 56.50 | -2.92% |
| Almunajem Foods Co.(4162.SA) | 62.25 | -2.58% |
| Alramz Real Estate Co.(4327.SA) | 58.65 | -2.49% |
| SABIC Agri-Nutrients Co.(2020.SA) | 126.60 | -2.31% |