Market Movements Now | Aramco (2222) Offers 10M Barrels to Asia; ARTEX (2340) +6%, Continues Breakout Above 200-SMA; AlKathiri (3008) Recommends 61% Capital Cut
ARTEX 2340.SA | 0.00 | |
AMANA INSURANCE 8310.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 2, 2026
The Saudi Arabia benchmark index, Tadawul All Shares Index(TASI.SA), eased by 0.1% in early trading on Thursday, July 2. The marginal decline came amid broader horizontal movement across major Gulf stock markets, as regional equity participants assessed geopolitical developments following a round of indirect negotiations between Iran and the United States in Doha.
Market tracking showed early performance consolidated within a narrow band, reflecting muted volume triggers during the initial hours of the session. The flat performance across the regional landscape directly correlated with an interim pause in high-level discussions, which are scheduled to resume following funeral rites in Iran.
In the large-cap sector, Al Rajhi Bank(1120.SA) is holding steady. The Saudi National Bank(1180.SA) is posting a gain of 0.31%. Saudi Arabian Mining Co.(1211.SA) is retreating by 0.8%. ACWA POWER Co.(2082.SA) is easing by 0.5%. Saudi Basic Industries Corp.(2010.SA) is retreating by 1%. Saudi Arabian Oil Co.(2222.SA) is higher by 0.08%.
Notable News
Saudi Aramco Offers 10M Barrels to Asia
Saudi Arabian Oil Co.(2222.SA) resumed crude loadings from Ras Tanura after a four-month halt, switching to spot pricing to accelerate sales to Asian buyers. At least five supertankers carrying 10 million barrels of crude have exited the Strait of Hormuz, with cargoes heading to China and Japan. The ramp-up follows an interim U.S.-Iran peace deal that pushed oil prices down to $70.
Liva Insurance Shares Surge 5.39%, Two Board Members Resign
LIVA Insurance Co.(8280.SA) announced the resignation of two non-executive board members, Martin Rueegg and Sanjay Kawatra, effective July 1, 2026. The departures followed their respective resignations from Liva Group and Ominvest. The company's shares surged 5.39% following the announcement.
Tihama Advertising Targets 20-Day Results Reset
Tihama Advertising, Public Relations and Marketing Co.(4070.SA) failed to publish its annual financial results for the year ending March 31, 2026, after its board split and blocked approval. Its shares tumbled 5.93% on the news. The company expects to publish the results within 20 trading sessions, while its listed securities face trading suspension under listing rules.
Al Kathiri Recommends 61% Capital Cut
Al Kathiri Holding Co.(3008.SA) announced a board recommendation to reduce its capital by 61.27% from SAR 113.02 million to SAR 43.78 million to offset accumulated losses. The restructuring will cancel 138.49 million shares, representing 0.613 shares per share held. The capital reduction requires regulatory and extraordinary general assembly approvals.
Key Dividend Events
No Dividend Events available at the time of this reporting.
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New 52-Week High before 12:06 pm
| Symbol | 52W High Price |
|---|---|
| Amana Cooperative Insurance Co.(8310.SA) | 8.80 |
| Jarir Marketing Co.(4190.SA) | 17.17 |
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Significant Volume Surge before 12:06 pm
Top Gainers before 12:06 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| ARTEX Industrial Investment Co.(2340.SA) | 12.98 | +6.83% |
| Amana Cooperative Insurance Co.(8310.SA) | 8.60 | +5.26% |
| LIVA Insurance Co.(8280.SA) | 13.63 | +4.93% |
| Ash-Sharqiyah Development Co.(6060.SA) | 15.13 | +4.92% |
| CHUBB Arabia Cooperative Insurance Co.(8240.SA) | 19.90 | +4.13% |
Top Losers before 12:06 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Tihama Advertising, Public Relations and Marketing Co.(4070.SA) | 17.20 | -5.49% |
| Rasan Information Technology Co.(8313.SA) | 148.00 | -3.58% |
| BAAN Holding Group Co.(1820.SA) | 2.16 | -3.14% |
| Advanced Petrochemical Co.(2330.SA) | 23.12 | -2.94% |
| Savola Group(2050.SA) | 28.40 | -2.87% |