Market Movements Now | Aramco (2222) Target Price Forecasts 10% Upside; Al-Babtain (2320) Surges 10% as Adjusted Profits Double; 4 Key Dividend Events for Today
ALBABTAIN 2320.SA | 64.30 | -1.38% |
TALCO 4143.SA | 34.32 | +0.18% |
ALRAJHI 1120.SA | 106.40 | -0.09% |
SAUDI ARAMCO 2222.SA | 27.60 | +0.15% |
MAADEN 1211.SA | 65.40 | 0.00% |
TASI Mid-Market Update — March 10, 2026
Saudi Arabia's benchmark index Tadawul All Shares Index(TASI.SA) advanced 0.7% in early trading on Tuesday, reflecting broader upward movement across most Gulf stock markets amid recent geopolitical developments.
The index's positive momentum was primarily supported by a 1.8% gain in shares of Al Rajhi Bank(1120.SA). Conversely, the advance was partially offset by a 1.5% decline in Saudi Arabian Oil Co.(2222.SA). The energy major's pullback follows the announcement of a 12% decrease in annual profit, which the company attributed largely to lower crude oil prices. In tandem, global oil prices trended downward during the session, retreating from a three-year high reached in the previous trading period.
Saudi Arabian Mining Co.(1211.SA) up by 1%, ACWA POWER Co.(2082.SA) rises 2%, and The Saudi National Bank(1180.SA) increases 3.5%.
Notable News
Aramco Target Price Forecasts 10% Upside
Saudi Arabian Oil Co.(2222.SA) (Aramco) shares once fell 2.3% to 26.5 riyals in opening trade following its earnings release. Despite the immediate drop, the stock maintains a 12% year-to-date gain. Analysts remain divided with a 50/50 "Buy" and "Hold" split (among 18 brokerages), while the median target price of 29.25 riyals suggests potential upside - data compiled by LSEG.
Aramco (2222)'s Results Are Out: Dividend Up Again, and a Historic First-Ever Buyback
Al-Babtain Surges 10% as Adjusted Profits Double
Al-Babtain Power and Telecommunication Co.(2320.SA) reported a 70.49% surge in annual net profit to 453 million riyals, despite a modest 1.6% revenue increase to 2,857 million riyals. The earnings jump followed significant improvements in operating costs and reduced financing expenses. While prior-year figures included 47.7 million riyals from investment property sales, adjusted net profits grew 108% year-over-year.
| Element List | Current Year | Previous Year | %Change |
|---|---|---|---|
| Sales/Revenue | 2,857 | 2,812 | 1.6 |
| Gross Profit (Loss) | 693 | 459 | 50.98 |
| Operational Profit (Loss) | 578 | 365 | 58.36 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 453 | 265.7 | 70.49 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 426 | 263 | 61.98 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,310 | 1,072 | 22.2 |
| Profit (Loss) per Share | 7.08 | 4.16 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
Talco Sets SAR 1.8/share Dividend
Al Taiseer Group Talco Industrial Co.(4143.SA) reported a 10.4% increase in annual revenue to 780.02 million riyals, driven by higher aluminum forming volumes. Net profit rose 2.21% to 84.48 million riyals, aided by higher "other income" and lower Zakat expenses. The board recommended a 1.80 riyal per share cash dividend, totaling 72 million riyals.
| Element List | Current Year | Previous Year | %Change |
|---|---|---|---|
| Sales/Revenue | 780.02 | 706.51 | 10.4 |
| Gross Profit (Loss) | 169.18 | 158.89 | 6.48 |
| Operational Profit (Loss) | 89.01 | 98.37 | -9.52 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 84.48 | 82.65 | 2.21 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 85.78 | 82.19 | 4.37 |
| Total Shareholders Equity (after Deducting Minority Equity) | 527.41 | 505.63 | 4.31 |
| Profit (Loss) per Share | 2.11 | 2.07 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
Key Dividend Events
| Symbol | Announcement Date | Eligibility Date | Distribution Date | Dividend Amount |
| The Power and Water Utility Company for Jubail and Yanbu(2083.SA) | 2026-02-24 | 2026-03-10 | 2026-03-31 | SAR 1.80 |
| AL Maather REIT Fund(4334.SA) | 2026-02-25 | 2026-03-01 | 2026-03-10 | SAR 0.34 |
| Leejam Sports Co.(1830.SA) | 2026-02-18 | 2026-02-23 | 2026-03-10 | SAR 0.93 |
| Saudia Dairy and Foodstuff Co.(2270.SA) | 2026-02-16 | 2026-02-19 | 2026-03-10 | SAR 8.00 |
Related reads: When will users receive dividends?
New 52-Week High before 12:50 pm
| Symbol | 52W High Price |
|---|---|
| - | - |
Significant Volume Surge before 12:50 pm
| Symbol | Volume Change% | 3M Average Volume | Today's Volume So Far |
|---|---|---|---|
| Methanol Chemicals Co.(2001.SA) | 379.22% | 286,267 | 1,371,838 |
| Fourth Milling Co.(2286.SA) | 372.51% | 1,102,497 | 5,209,360 |
| Al Taiseer Group Talco Industrial Co.(4143.SA) | 320.91% | 43,913 | 184,835 |
| Miahona Co.(2084.SA) | 175.69% | 345,360 | 952,123 |
| Al-Rajhi Company for Cooperative Insurance(8230.SA) | 152.0% | 283,578 | 714,607 |
| Al-Babtain Power and Telecommunication Co.(2320.SA) | 130.31% | 341,898 | 787,414 |
| Saudi Arabian Cooperative Insurance Co.(8100.SA) | 119.14% | 102,530 | 224,686 |
| Advanced Petrochemical Co.(2330.SA) | 110.08% | 1,077,100 | 2,262,804 |
| Rabigh Refining and Petrochemical Co.(2380.SA) | 100.38% | 2,905,811 | 5,822,750 |
| Alujain Corp.(2170.SA) | 98.87% | 411,994 | 819,331 |
| Yanbu National Petrochemical Co.(2290.SA) | 89.92% | 722,460 | 1,372,103 |
Top Gainers before 12:50 pm
| Company | Price | Change % |
|---|---|---|
| Al-Babtain Power and Telecommunication Co.(2320.SA) | 67.45 | 9.94% |
| Al Taiseer Group Talco Industrial Co.(4143.SA) | 33.20 | 7.58% |
| Tourism Enterprise Co.(4170.SA) | 14.77 | 6.18% |
| Al-Rajhi Company for Cooperative Insurance(8230.SA) | 99.15 | 5.14% |
| Almasane Alkobra Mining Co(1322.SA) | 91.80 | 4.38% |
Top Losers before 12:50 pm
| Company | Price | Change % |
|---|---|---|
| Rabigh Refining and Petrochemical Co.(2380.SA) | 8.79 | -6.59% |
| Advanced Petrochemical Co.(2330.SA) | 22.37 | -5.45% |
| Saudi Kayan Petrochemical Co.(2350.SA) | 4.94 | -5.18% |
| Saudi Industrial Investment Group(2250.SA) | 12.26 | -4.96% |
| Yanbu National Petrochemical Co.(2290.SA) | 31.40 | -4.91% |