Market Movements Now | Aramco (2222) Contract Lifts Arabian Pipes (2200) Up 3%; Plant Milestone to Boost Sipchem (2310) Q3; Tihama (4070) Suspended Over Delayed Financials
CMCER 4021.SA | 0.00 | |
MUTAKAMELA 8040.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 1, 2026
Saudi Arabia's benchmark index (Tadawul All Shares Index(TASI.SA)) gained 0.6% in early trading on Wednesday, supported by gains in major heavyweight stocks.
The gains came as major Gulf stock markets advanced overall, despite cautious regional sentiment driven by uncertainties surrounding the format of talks between Iran and the United States in Doha. Meanwhile, market tracking indicated that tanker traffic through the Strait of Hormuz has begun to recover, with oil flows through the strategic waterway returning to pre-conflict levels.
In the large-cap sector, Al Rajhi Bank(1120.SA) is posting a gain of 0.38%. The Saudi National Bank(1180.SA) is advancing 1%. Saudi Arabian Mining Co.(1211.SA) is trading flat. ACWA POWER Co.(2082.SA) is rallying, 1.2%. Saudi Basic Industries Corp.(2010.SA) is advancing 1.6%. Saudi Arabian Oil Co.(2222.SA) is posting a gain of 0.15%.
Notable News
Aramco Contract Lifts Arabian Pipes Up 3%
Arabian Pipes Co.(2200.SA) finalized a SAR 133 million contract with Saudi Arabian Oil Co.(2222.SA) to manufacture and supply steel pipes over a nine-month period. Following the announcement, the company's shares rose 3.21% on July 1, 2026. The financial returns from the project are projected to impact the company's books during Q1 and Q2 of 2027.
Umm Al Qura Extends Fund MOU
Umm Al Qura for Development and Construction Co.(4325.SA) extended its non-binding memorandum of understanding with BIM Capital and Ajbal Real Estate Development Company to establish a real estate private fund. The MOU is now extended until September 30, 2026, to complete regulatory steps. There is no financial impact at this stage.
Plant Milestone to Boost Sipchem Q3
Sahara International Petrochemical Co.(2310.SA) (Sipchem) announced the safe completion of construction and the start of trial production for the ethylene cracker plant expansion at Saudi Ethylene and Polyethylene Company. Sipchem holds a 32.55% indirect stake in the joint venture. The financial impact of the added capacity is scheduled to hit the company's books starting in Q3 2026.
Tihama Suspended Over Delayed Financials
The Saudi Exchange suspended trading of Tihama Advertising, Public Relations and Marketing Co.(4070.SA) shares for one day on July 1, 2026, due to delayed financial statements ending March 31, 2026. Shares will resume for 20 sessions starting July 2, 2026. The company must report by July 29, 2026, or face a second suspension on July 30, 2026.
Key Dividend Events
No Dividend Events available at the time of this reporting.
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New 52-Week High before 12:16 pm
| Symbol | 52W High Price |
|---|---|
| Jarir Marketing Co.(4190.SA) | 17.00 |
| Al Moammar Information Systems Co.(7200.SA) | 235.70 |
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Significant Volume Surge before 12:16 pm
Top Gainers before 12:16 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Canadian Medical Center Co.(4021.SA) | 6.27 | +10.0% |
| Mutakamela Insurance Co.(8040.SA) | 12.97 | +7.81% |
| Electrical Industries Co.(1303.SA) | 15.33 | +6.24% |
| Marketing Home Group for Trading Co.(4194.SA) | 46.42 | +3.94% |
| Rabigh Refining and Petrochemical Co.(2380.SA) | 12.65 | +3.52% |
Top Losers before 12:16 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Naseej International Trading Co.(1213.SA) | 30.10 | -5.58% |
| Saudi Arabia Refineries Co.(2030.SA) | 51.40 | -5.17% |
| Wafrah for Industry and Development Co.(2100.SA) | 22.39 | -4.23% |
| Mobile Telecommunication Company Saudi Arabia(7030.SA) | 10.24 | -3.12% |
| Anaam International Holding Group(4061.SA) | 12.18 | -2.01% |