Market Movements Now | Aramco (2222) Breaks Out Successfully, Supporting TASI; ARDCO (4150) Operating Profit Soars 90% YoY, Sets Dividend; Saudi Gold ETF Plunges 9% Amid Volatility
MRNA 4082.SA | 8.65 | +1.05% |
GASCO 2080.SA | 85.20 | +2.65% |
LUBEREF 2223.SA | 109.80 | +0.46% |
SABIC 2010.SA | 59.55 | 0.00% |
FLYNAS 4264.SA | 49.46 | -1.08% |
TASI Mid-Market Update — March 3, 2026
The Saudi Arabia benchmark index Tadawul All Shares Index(TASI.SA) advanced by more than 0.2% during early Tuesday trading, diverging from the broader downward trend observed across most Gulf equities.
Energy and Petrochemicals: The index's upward movement was primarily driven by heavyweights in the energy and materials sectors. Shares of Saudi Aramco Base Oil Co.(2223.SA) climbed 1.9%, while Saudi Basic Industries Corp.(2010.SA) added 2.8%. These sector gains coincided with a third consecutive daily increase in global oil prices, which remain supported by concerns over potential regional supply disruptions.
Aviation: Conversely, the aviation sector experienced downward pressure. Budget carrier Flynas Co.(4264.SA) once declined by 2.9%, marking its third consecutive session of losses amid ongoing regional air travel disruptions.
Large caps like Saudi Arabian Mining Co.(1211.SA) and The Saudi National Bank(1180.SA) both edged 0.05% higher, Al Rajhi Bank(1120.SA) lost 0.25%, ACWA POWER Co.(2082.SA) down by 0.45%.
Notable News
ARDCO Operating Profit Soars 90% YoY, Sets Dividend
Arriyadh Development Co.(4150.SA) posted a 2025 net profit of SAR 296.1 million, maintaining stability despite the absence of a SAR 123 million prior-year windfall. Revenue soared 19.5% to SAR 384.2 million, driven by strategic land sales and improved operating efficiencies. Consequently, the board recommended a 0.25 riyal per share dividend for the second half.
| Element List | Current Year | Previous Year | %Change |
|---|---|---|---|
| Sales/Revenue | 384.2 | 321.5 | 19.5 |
| Gross Profit (Loss) | 265.6 | 200 | 32.8 |
| Operational Profit (Loss) | 190.8 | 100.2 | 90.42 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 296.1 | 296.2 | -0.03 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 296.3 | 296.3 | - |
| Total Shareholders Equity (after Deducting Minority Equity) | 4,127 | 2,544 | 62.22 |
| Profit (Loss) per Share | 1.3 | 1.67 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
Gold ETF Plunges 9% Amid Volatility
Albilad Gold ETF(9405.SA) shifted its pricing source following a DGCX market-making disruption that halted spot gold contract activity. Despite international gold futures falling 1% (over $40), the fund's price plunged more than 9% as the manager implemented 15-minute iNAV updates to restore transparency. Regular pricing will resume once exchange operations normalize.
Key Dividend Events
| Symbol | Announcement Date | Eligibility Date | Distribution Date | Dividend Amount |
| Aldrees Petroleum and Transport Services Co.(4200.SA) | 2026-01-22 | 2026-03-02 | 2026-03-16 | SAR 2.00 |
| TALEEM REIT FUND(4333.SA) | 2026-02-04 | 2026-02-05 | 2026-03-02 | SAR 0.17 |
Related reads: When will users receive dividends?
New 52-Week High before 1:00 pm
| Symbol | 52W High Price |
|---|---|
| / | / |
Significant Volume Surge before 1:00 pm
Top Gainers before 1:00 pm
| Company | Price | Change % |
|---|---|---|
| Morabaha Marina Financing Co.(4082.SA) | 8.97 | 8.36% |
| National Gas and Industrialization Co.(2080.SA) | 80.60 | 8.04% |
| Yanbu National Petrochemical Co.(2290.SA) | 26.50 | 7.24% |
| SABIC Agri-Nutrients Co.(2020.SA) | 126.80 | 4.71% |
| Electrical Industries Co.(1303.SA) | 14.89 | 4.44% |
Top Losers before 1:00 pm
| Company | Price | Change % |
|---|---|---|
| Ades Holding Co.(2382.SA) | 15.53 | -8.93% |
| SHL Finance Co.(1183.SA) | 13.66 | -6.3% |
| Alamar Foods Co.(6014.SA) | 38.38 | -5.54% |
| Elm Co(7203.SA) | 539.00 | -4.96% |
| Al Hassan Ghazi Ibrahim Shaker Co.(1214.SA) | 14.45 | -4.82% |