Market Movements Now | Albabtain (2320), Taleem REIT (4333), MIS (7200) at 52W Highs; Chemical (2230) Says Bosnia TRP Localization Deal in Works; U.S.–Iran Meet in Switzerland
TADCO 6040.SA | 0.00 | |
AWPT 2081.SA | 0.00 | |
MIAHONA 2084.SA | 0.00 | |
CHEMICAL 2230.SA | 0.00 | |
CENOMI CENTERS 4321.SA | 0.00 |
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TASI Mid-Market Update — June 21, 2026
On Sunday, markets focused on the progress of US-Iran negotiations in Switzerland. Saudi stocks edged lower; as of press time, the Tadawul All Shares Index(TASI.SA) was down 0.31%, and the Parallel Market Capped Index (NomuC)(NOMUC.SA) was down 0.26%.
According to IRNA, Iranian Foreign Ministry spokesman Baghaei announced a one-day meeting in Bürgenstock, Switzerland, involving Iran, the US, Qatar, and Pakistan. The meeting will follow up on the Iran-US memorandum of understanding, focusing on the US's failure to secure a Lebanon ceasefire. Discussions will also cover Iranian oil sale exemptions and the unfreezing of Iran's assets.
Notable News
TADCO Seeks Approval for Capital Reduction
On June 18th, Tabuk Agricultural Development Co.(6040.SA) applied to the Capital Market Authority (CMA) for a capital reduction, pending shareholder approval. The company plans to cut capital by 80.47%, amending its earlier proposal of 77.41%. This move aims to offset SAR315.24 million in losses by canceling 31.52 million shares, or 0.8047 shares per existing share. Further updates will be announced as available.
AWPT Secures SAR202.1M Contracts with Jeddah Municipality
Alkhorayef Water and Power Technologies Co(2081.SA) signed two contracts worth SAR202.1 million, excluding VAT, with Jeddah Municipality to operate and clean stormwater and surface water networks. The first contract, valued at SAR108.46 million, covers South and Al-Malisa areas, while the second, worth SAR93.59 million, targets the Airport area. Both 60-month contracts will impact Q2 2026 financials. Signing was completed on June 18, the company confirmed.
Miahona Signs SAR394M Water Treatment Deal in Uzbekistan
Miahona Co.(2084.SA) signed a SAR394 million (USD105 million) public-private partnership with Uzbekosuvtaminot JSC to rehabilitate, operate, and maintain the Zamin water treatment plant in Uzbekistan's Jizzakh region. The 25-year project, with a 50,000 m³/day capacity, awaits a government decree for finalization. Miahona expects positive financial impact starting Q1 2027 and views the deal as a step toward expanding its presence in Uzbekistan’s water sector.
Saudi Chemical Progresses EUR4M Localization Deal with Bosnia's TRB
Saudi Chemical Co.(2230.SA) Holding announced ongoing work on its EUR4 million (SAR16.1 million) agreement with Bosnia's TRB, signed in February 2024. The deal involves transferring technology and localizing production of mechanical fuses for ammunition. Regulatory requirements, including licenses and field trials, have caused delays. The company expects a positive financial impact once product qualification and commercial production begin, with updates to follow.
Cenomi Centers Plans 8.98% Capital Increase via Bonus Issue
Arabian Centres Co.(4321.SA) announced an 8.98% capital hike from SAR4.75 billion to SAR5.18 billion, funded by SAR712.5 million from retained earnings. The plan includes issuing 39.58 million bonus shares (1 for every 12 held) and 3.08 million shares for an employee program. The increase aims to bolster growth and financial stability. Approval from regulatory authorities and the EGM is pending.
Key Dividend Events
| Symbol | Announcement Date | Eligibility Date | Distribution Date | Dividend Amount |
|---|---|---|---|---|
| Future Care Trading Co(9544.SA) | 2026-06-08 | 2026-06-07 | 2026-06-21 | 0.014 |
| BinDawood Holding Co.(4161.SA) | 2026-05-11 | 2026-06-07 | 2026-06-21 | 0.04 |
Related reads: When will users receive dividends?
New 52-Week High before 12:10 pm
| Symbol | 52W High Price |
|---|---|
| Al-Babtain Power and Telecommunication Co.(2320.SA) | 74.30 |
| TALEEM REIT FUND(4333.SA) | 10.87 |
| Al Moammar Information Systems Co.(7200.SA) | 217.60 |
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Significant Volume Surge before 12:11 pm
| Symbol | Volume Change % | 3M Average Volume | Today's Volume So Far |
|---|---|---|---|
| LIVA Insurance Co.(8280.SA) | 168.48 | 126,782 | 340,385 |
| Tamkeen Human Resource Co.(1835.SA) | 91.30 | 90,416 | 172,966 |
| Tabuk Agricultural Development Co.(6040.SA) | 81.77 | 289,105 | 525,520 |
| Takween Advanced Industries Co.(1201.SA) | 73.12 | 312,157 | 540,402 |
| Al Masar Al Shamil Education Co.(6019.SA) | 25.59 | 348,052 | 437,115 |
| Anaam International Holding Group(4061.SA) | 17.68 | 466,281 | 548,733 |
Top Gainers before 12:20 pm
| Symbol | Change % | Price (SAR) |
|---|---|---|
| Tabuk Agricultural Development Co.(6040.SA) | 4.62% | 6.80 |
| Rabigh Refining and Petrochemical Co.(2380.SA) | 4.52% | 12.96 |
| National Shipping Company of Saudi Arabia(4030.SA) | 3.88% | 33.18 |
| BAAN Holding Group Co.(1820.SA) | 2.97% | 2.09 |
| Tamkeen Human Resource Co.(1835.SA) | 3.39% | 48.20 |
Top Losers before 12:22 pm
| Symbol | Change % | Price (SAR) |
|---|---|---|
| Bupa Arabia for Cooperative Insurance Co.(8210.SA) | -3.46% | 184.40 |
| Jarir Marketing Co.(4190.SA) | -3.29% | 16.19 |
| United International Transportation Co.(4260.SA) | -3.25% | 33.36 |
| Almunajem Foods Co.(4162.SA) | -2.95% | 64.05 |
| Al-Rajhi Company for Cooperative Insurance(8230.SA) | -2.52% | 116.00 |