Market Movements Now | AlMasar AlShamil (6019) Surges 7.22% as Net Profit Soars 34%; Petro Rabigh (2380) and Other Stock to 52W Highs; Oil Up 3%
ALMASAR ALSHAMIL 6019.SA | 0.00 | |
EAST PIPES 1321.SA | 0.00 | |
ALRAJHI 1120.SA | 0.00 | |
SNB 1180.SA | 0.00 | |
MAADEN 1211.SA | 0.00 |
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TASI Mid-Market Update — May 12, 2026
Geopolitical developments remain a focal point for regional market sentiment following a Wall Street Journal report on Monday. Citing individuals familiar with the matter, the report stated that the United Arab Emirates carried out military strikes on Iran, including an April attack on a refinery on Lavan Island.
Amid these escalating tensions and fading prospects for a ceasefire agreement, most major Gulf stock markets experienced downward pressure in early trade, Saudi Arabia's benchmark index (Tadawul All Shares Index(TASI.SA)) observed a slight lost, edging 0.1% lower.
Brent crude futures rose 3% to reach $107.38 per barrel.
In the large-cap sector, Al Rajhi Bank(1120.SA) is holding steady. The Saudi National Bank(1180.SA) is seeing a slight dip of 0.20%. Saudi Arabian Mining Co.(1211.SA) is posting a gain of 0.23%. ACWA POWER Co.(2082.SA) is under pressure, dropping 4.65%. Saudi Basic Industries Corp.(2010.SA) is advancing 1.50%. Saudi Arabian Oil Co.(2222.SA) is posting a gain of 0.58%.
Notable News
Al Masar Shamil Surges 7.22% as Net Profit Soars 34%
Al Masar Al Shamil Education Co.(6019.SA) reported a 34% year-on-year increase in net profit to SAR 53.9 million for Q1 2026, while its stock once surged 7.22%. Growth was driven by robust enrollment and successful special needs strategy execution. Despite strong annual performance, revenue tumbled 5% sequentially due to academic seasonality and longer tuition recognition cycles.
Key Dividend Events
| Symbol | Announcement Date | Eligibility Date | Distribution Date | Dividend Amount |
|---|---|---|---|---|
| Alkhabeer REIT Fund(4348.SA) | 2026-04-30 | 2026-05-12 | 2026-07-21 | 0.105 |
| Kingdom Holding Co.(4280.SA) | 2026-03-25 | 2026-05-12 | 2026-05-20 | 0.07 |
Related reads: When will users receive dividends?
New 52-Week High before 12:31 pm
| Symbol | 52W High Price |
|---|---|
| Rabigh Refining and Petrochemical Co.(2380.SA) | 15.35 |
| Gulf Insurance Group(8250.SA) | 29.04 |
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Significant Volume Surge before 12:31 pm
Top Gainers before 12:31 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Al Masar Al Shamil Education Co.(6019.SA) | 21.82 | +6.49% |
| East Pipes Integrated Company for Industry(1321.SA) | 198.40 | +5.7% |
| Middle East Specialized Cables Co.(2370.SA) | 33.96 | +4.49% |
| Saudi Industrial Development Co.(2130.SA) | 13.27 | +4.32% |
| Saudi Aramco Base Oil Co.(2223.SA) | 123.60 | +4.13% |
Top Losers before 12:31 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Saudi Automotive Services Co.(4050.SA) | 45.28 | -9.29% |
| Saleh Abdulaziz Al Rashed and Sons Co.(1324.SA) | 54.30 | -8.66% |
| Obeikan Glass Co.(4145.SA) | 24.25 | -7.86% |
| Arabian Contracting Services Co.(4071.SA) | 99.55 | -4.92% |
| Almoosa Health Co.(4018.SA) | 124.70 | -3.71% |