Market Movements Now | Americana (6015) Stock Surges 7% Post-Results & Dividend; TADCO (6040) Hits 10% Upper Limit for Third Time This Week; Arabian Pipes (2200) to Raise Capital 26%
TADCO 6040.SA | 0.00 | |
AMERICANA (Foreign Company) 6015.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 — July 29, 2026
Tadawul All Shares Index(TASI.SA) lost more 1% during Wednesday's early trading.
Oil Prices Surge: Crude oil futures climbed over 3% on Wednesday, driven by escalating geopolitical tensions in the Middle East and a drop in U.S. crude inventories.
Geopolitical & Security Escalations:
- U.S. military forces intercepted a surprise Iranian attack on regional installations.
- Senior Iranian officials ruled out Oman’s joint regional management proposal for the Strait of Hormuz, maintaining persistent friction along key maritime trade routes.
Inventory & Supply Projections:
- U.S. Crude Inventories: American Petroleum Institute (API) data indicated a drawdown of approximately 3.3 million barrels for the week ended July 24. Official U.S. Energy Information Administration (EIA) figures are slated for release later today.
- OPEC+ Policy Outlook: Industry sources indicate OPEC+ is expected to pause planned output increases for three months starting in October following the completion of scheduled voluntary cut rollbacks.
- Price Range Forecast: Market analysts project Brent crude to oscillate in the $80–$100 per barrel range in the near term, establishing an elevated price floor near $80 per barrel even under potential de-escalation scenarios.
In the large-cap sector, Al Rajhi Bank(1120.SA) is under pressure, dropping 2%. The Saudi National Bank(1180.SA) also under pressure, dropping 4%. Saudi Arabian Mining Co.(1211.SA) is retreating by 1%. ACWA POWER Co.(2082.SA) is easing by 0.7%. Saudi Basic Industries Corp.(2010.SA) dropping 2.24%. Saudi Arabian Oil Co.(2222.SA) is easing by 0.5%.
Notable News
Americana Stock Surges 7% Post-Results & Dividend
Americana Restaurants International PLC - Foreign Company(6015.SA) reported Q2 2026 net profit of SAR 315.2 million, up 40.5% year-on-year, driven by top-line growth and effective cost control. Stock rose 7.18% following the release. The board approved an interim dividend of SAR 377,999,606 (SAR 0.0450) for H1 2026.
Arabian Pipes to Raise Capital 26%
Arabian Pipes Co.(2200.SA) invited shareholders to an Extraordinary General Assembly Meeting on August 24, 2026, to vote on a board recommendation to increase capital by 26% from SAR 200 million to SAR 252 million. The SAR 52 million increase will be funded by capitalizing retained earnings to issue 50 million bonus shares and 2 million treasury shares for an employee incentive program to strengthen its capital base.
Red Sea Credit Facility Reaches 431M
Red Sea International Co.(4230.SA) announced that its subsidiary, The Fundamental Installation for Electric Work Co., amended its financing agreement with The Saudi National Bank(1180.SA). The credit facility was increased to SAR 430.78 million from SAR 200 million previously. The expanded facility will be used to issue advance payment bonds, performance bonds, and letter of credit facilities through July 31, 2026.
Saudi Darb Updates on SAR 100M Case
Saudi Darb Investment Co.(4130.SA) announced that the Enforcement Court in Riyadh issued decisions pursuant to Article (46) of the Enforcement Law regarding six applications against former board members. The enforcement follows a final decision by the Appeal Committee for the Resolution of Securities Disputes in a SAR 100 million compensation case. The company continues to follow up on the procedures.
Saudi Chemical Awards SAR 56.5M Contract
Saudi Chemical Co.(2230.SA) awarded a SAR 56.5 million construction contract to Rafic A. Kreidie Contracting Company on July 28, 2026. The deal covers civil and building works for a new SITCO Pharma warehouse in Jeddah. The facility aims to enhance logistics efficiency, inventory management, and distribution capabilities to support future growth.
Key Dividend Events
No Dividend Events available at the time of this reporting.
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Significant Volume Surge before 12:34 pm
Top Gainers before 12:34 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Tabuk Agricultural Development Co.(6040.SA) | 9.40 | +9.94% |
| Americana Restaurants International PLC - Foreign Company(6015.SA) | 2.24 | +7.18% |
| Al Moammar Information Systems Co.(7200.SA) | 233.00 | +4.91% |
| Arabian Internet and Communications Services Co.(7202.SA) | 208.90 | +4.55% |
| Al Taiseer Group Talco Industrial Co.(4143.SA) | 31.42 | +3.15% |
Top Losers before 12:34 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Alujain Corp.(2170.SA) | 26.24 | -5.88% |
| Alistithmar AREIC Diversified REIT Fund(4350.SA) | 6.93 | -5.59% |
| Arabian Company for Agricultural and Industrial Investment(2287.SA) | 23.09 | -5.41% |
| Saudi Energy Co.(5110.SA) | 17.08 | -4.85% |
| Rabigh Refining and Petrochemical Co.(2380.SA) | 14.50 | -4.67% |