Market Movements Now | Aramco (2222) Signs Large-Scale Consultancy Agreement; MESC (2370) Subsidiary Secures SAR 175M Contract; Only 1 Saudi Stock Reaches 52W High
BUILD STATION 4194.SA | 0.00 | |
SACO 4008.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 — June 7, 2026
The Tadawul All Share Index (Tadawul All Shares Index(TASI.SA)) opened lower and maintained a downward trajectory during today's early trading session, declining by 0.7%.
From a technical perspective, the index experienced downward momentum, widening the gap below its 200-day Simple Moving Average (SMA 200), which act as a key resistance level overhead.
In the large-cap sector, Al Rajhi Bank(1120.SA) is easing by 0.15%. The Saudi National Bank(1180.SA) is retreating by 0.9%. Saudi Arabian Mining Co.(1211.SA) and ACWA POWER Co.(2082.SA) are both seeing declines, moving 1.19% and 1.11% respectively. Saudi Basic Industries Corp.(2010.SA) is seeing a slight dip of 0.1%. Saudi Arabian Oil Co.(2222.SA) is retreating by 0.8%.
Notable News
Aldawaa Approves SAR 53.6M Q1 Cash Dividend
Aldawaa Medical Services Co.(4163.SA) reported a 78.8% year-on-year drop in Q1 2026 net profit to SAR 22.3 million, driven by a 7.2% revenue decline to SAR 1.55 billion and higher strategic and non-recurring expenses. The company also announced a Q1 cash dividend distribution of SAR 53.6 million, equivalent to SAR 0.63 per share.
MESC Subsidiary Secures SAR 175M Contract
Middle East Specialized Cables Co.(2370.SA) (MESC) announced that its wholly-owned UAE subsidiary has received a USD 46.6 million (approx. SAR 175 million) Letter of Award from Cunado Middle East to supply low voltage and communication cables for the Lower Zakum Long Term Development Plan Project (Phase I) at Amirah Island.
Saudi Aramco Signs Large-Scale Consultancy Agreement
Saudi Arabian Oil Co.(2222.SA) signed a long-term project management consultancy agreement with US-based McDermott Nederland to deliver large-scale energy, petrochemical, and low-carbon projects. The contract involves a local execution partnership with Solutions Leaders Fayez Engineering. This supports Aramco's 2026 capital investment guidance of $50 to $55 billion, following its $52.2 billion capital expenditure in 2025.
OPEC+ Sources Signal Potential 188,000 BPD July Target Hike
OPEC+ is expected to agree on a fourth consecutive oil output target increase on Sunday, though three anonymous sources noted a final decision remains unmade. Seven core members will likely raise July targets by 188,000 barrels per day. This potential hike follows actual group production plummeting to 33.19 million bpd in April amid export cuts driven by the US-Iran war.
Key Dividend Events
| Symbol | Announcement Date | Eligibility Date | Distribution Date | Dividend Amount |
|---|---|---|---|---|
| BinDawood Holding Co.(4161.SA) | 2026-05-11 | 2026-06-07 | 2026-06-21 | 0.04 |
| Baazeem Trading Co.(4051.SA) | 2026-03-31 | 2026-05-17 | 2026-06-07 | 0.11 |
Related reads: When will users receive dividends?
New 52-Week High before 11:26 am
| Symbol | 52W High Price |
|---|---|
| Arabian Pipes Co.(2200.SA) | 7.90 |
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Significant Volume Surge before 11:26 am
| Symbol | Volume Change % | 3M Average Volume | Today's Volume So Far |
|---|---|---|---|
| Marketing Home Group for Trading Co.(4194.SA) | +453.0% | 99,819 | 551,998 |
| Saudi Company for Hardware(4008.SA) | +93.11% | 113,638 | 219,442 |
| Al Taiseer Group Talco Industrial Co.(4143.SA) | +65.23% | 73,014 | 120,642 |
| Amana Cooperative Insurance Co.(8310.SA) | +43.14% | 542,887 | 777,102 |
| Miahona Co.(2084.SA) | +28.8% | 691,482 | 890,661 |
| Nama Chemicals Co.(2210.SA) | +18.47% | 98,026 | 116,132 |
| Saudi Industrial Development Co.(2130.SA) | +11.69% | 622,751 | 695,529 |
Top Gainers before 11:26 am
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Marketing Home Group for Trading Co.(4194.SA) | 48.94 | +8.32% |
| Saudi Company for Hardware(4008.SA) | 24.04 | +6.65% |
| Amana Cooperative Insurance Co.(8310.SA) | 7.46 | +6.42% |
| Saudi Industrial Development Co.(2130.SA) | 15.53 | +4.44% |
| Miahona Co.(2084.SA) | 15.89 | +3.92% |
Top Losers before 11:26 am
| Symbol | Price (SAR) | Change % |
|---|---|---|
| 9407(9407.SA) | 24.92 | -6.81% |
| 9406(9406.SA) | 15.90 | -5.36% |
| Saudi Manpower Solutions Co.(1834.SA) | 6.17 | -4.34% |
| Almasane Alkobra Mining Co.(1322.SA) | 73.75 | -4.16% |
| Jarir Marketing Co.(4190.SA) | 15.56 | -3.83% |