Market Movements Now | Al Rajhi (1120) Efficiency Outperforms SNB (1180) Peers; PIF and State Street Launch New Saudi ETF; Alwasail (4148) Rises 3% with 765% Volume Surge
JAHEZ 6017.SA | 0.00 | |
TANMIAH 2281.SA | 0.00 | |
ALRAJHI 1120.SA | 0.00 | |
SAUDI ARAMCO 2222.SA | 0.00 | |
SNB 1180.SA | 0.00 |
TASI Mid-Market Update — April 22, 2026
The Saudi Arabian benchmark index Tadawul All Shares Index(TASI.SA) trades lower during Wednesday's session, declining by 0.7%. Market performance was primarily weighed down by a 1.5% decrease in Al Rajhi Bank(1120.SA), although gains in Saudi Arabian Oil Co.(2222.SA), which rose 0.15%, provided some support to the index.
Broader regional sentiment remained cautious as market participants monitored the continued closure of the Strait of Hormuz, a critical transit point for global energy supplies. While the indefinite extension of the ceasefire with Iran offered some geopolitical relief, the ongoing naval blockade contributed to a mixed performance across Gulf equity markets.
In the energy sector, Brent crude futures up by 1%, trading at ~$99 per barrel, as prices fluctuated amid the prevailing regional uncertainty.
In the large-cap sector, The Saudi National Bank(1180.SA) is seeing a slight dip of 0.4%. Saudi Arabian Mining Co.(1211.SA) is easing by 0.58%. ACWA POWER Co.(2082.SA) is retreating by 1.6%. Saudi Basic Industries Corp.(2010.SA) down by 1.2%.
Notable News
Al Rajhi Efficiency Outperforms SNB Peers
Al Rajhi Bank(1120.SA) and The Saudi National Bank(1180.SA) yesterday reported Q1 2026 net profits of SAR 6.75 billion and SAR 6.42 billion, respectively. While both lenders grew earnings, Al Rajhi Bank outpaced its larger rival with a 14.3% increase driven by robust financing activity. Conversely, Saudi National Bank relied heavily on provision reversals, exposing weaker core operations and diverging earnings quality between the banks.
PIF Anchors State Street Saudi ETF
State Street Corporation launched a Saudi equity ETF on April 22, anchored by the Public Investment Fund as their second collaboration. By utilizing quantitative multi-factor models, the fund provides European markets access to Saudi equities. This initiative aims to deepen international capital integration within the Kingdom’s financial system.
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New 52-Week High before 12:42 pm
| Symbol | 52W High Price |
|---|---|
| Saudi Pharmaceutical Industries and Medical Appliances Corp.(2070.SA) | 33.12 |
| Jarir Marketing Co.(4190.SA) | 15.50 |
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Significant Volume Surge before 12:42 pm
| Symbol | Volume Change % | 3M Average Volume | Today's Volume So Far |
|---|---|---|---|
| Alwasail Industrial Co.(4148.SA) | +764.89% | 1,061,576 | 9,181,467 |
| SHL Finance Co.(1183.SA) | +488.12% | 138,108 | 812,242 |
| Jahez International Company for Information System Technology(6017.SA) | +305.55% | 2,363,032 | 9,583,164 |
| Sadr Logistics Co.(1832.SA) | +285.96% | 1,903,353 | 7,346,149 |
| BAAN Holding Group Co.(1820.SA) | +265.34% | 3,832,464 | 14,001,340 |
| Al Kathiri Holding Co.(3008.SA) | +225.22% | 2,770,698 | 9,010,973 |
| Nice One Beauty Digital Marketing Co.(4193.SA) | +213.93% | 1,164,990 | 3,657,257 |
| Tanmiah Food Co.(2281.SA) | +191.05% | 75,769 | 220,527 |
| Aldawaa Medical Services Co.(4163.SA) | +118.24% | 162,799 | 355,293 |
| Zahrat Al Waha for Trading Co.(3007.SA) | +116.12% | 1,457,087 | 3,149,010 |
| Arabian Company for Agricultural and Industrial Investment(2287.SA) | +101.0% | 125,542 | 252,338 |
| United International Transportation Co.(4260.SA) | +79.37% | 345,445 | 619,641 |
Top Gainers before 12:42 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Jahez International Company for Information System Technology(6017.SA) | 13.50 | +6.47% |
| Tanmiah Food Co.(2281.SA) | 64.55 | +5.13% |
| SHL Finance Co.(1183.SA) | 16.26 | +4.03% |
| Arabian Company for Agricultural and Industrial Investment(2287.SA) | 26.14 | +3.57% |
| Alwasail Industrial Co.(4148.SA) | 3.08 | +3.01% |
Top Losers before 12:42 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Aldawaa Medical Services Co.(4163.SA) | 49.26 | -6.08% |
| Saudi Reinsurance Co.(8200.SA) | 25.24 | -3.3% |
| Saudi Awwal Bank(1060.SA) | 35.80 | -3.19% |
| National Industrialization Co.(2060.SA) | 10.40 | -3.08% |
| Advanced Petrochemical Co.(2330.SA) | 27.30 | -2.99% |