Market Movements Now | Aramco Eyes 8.4% Upside as Q1 Profit Projected to Jump 56.7% QoQ; Saudi Darb (4130) Surges 8% with 823.6% Volume Spike; Petro Rabigh (2380) to 52W High
SAUDI DARB 4130.SA | 0.00 | |
PETRO RABIGH 2380.SA | 0.00 | |
ALRAJHI 1120.SA | 0.00 | |
SAUDI ARAMCO 2222.SA | 0.00 | |
SNB 1180.SA | 0.00 |
TASI Mid-Market Update — April 23, 2026
The Saudi benchmark index Tadawul All Shares Index(TASI.SA) edged lower during early trading on Thursday, April 23, declining 0.9%. Market sentiment was influenced by heightened geopolitical tensions in the region following the stalling of diplomatic talks and continued disruptions in the Strait of Hormuz, which have placed significant pressure on global energy supply chains.
The index's performance was characterized by a divergence among its heavyweight constituents:
- Financial Sector: Al Rajhi Bank(1120.SA) saw a decline of 1.9%, contributing to the downward pressure on the benchmark.
- Energy Sector: Saudi Arabian Oil Co.(2222.SA) gained 0.15%, tracking the rise in global oil prices. The uptick comes as Brent crude futures rose 1.6%, to reach $103.5 a barrel amid ongoing concerns over shipping route security and supply constraints.
In the large-cap sector, The Saudi National Bank(1180.SA) seeing declines, moving 1.7%. Saudi Arabian Mining Co.(1211.SA) is retreating by 1.47%. ACWA POWER Co.(2082.SA) is seeing a dip of 0.8%. Saudi Basic Industries Corp.(2010.SA) is retreating by 1.4%.
Notable News
Aramco Rated Overweight by Analyst, Eyes 8.4% Upside
Saudi Arabian Oil Co.(2222.SA) is projected to report a Q1 2026 net profit of SAR 108.8 billion, a 13.8% YoY increase (56.7% increase QoQ), according to AlJazira Capital as reported by Reuters. Revenue is estimated to surge 9.4% QoQ to SAR 455.3 billion. This growth is driven by crude prices soaring 24.8% QoQ to $86 per barrel, which successfully offset production cuts of 600,000 bpd. Consequently, AlJazira Capital maintains an "Overweight" rating with a SAR 29.6 target price, citing export flexibility and strong refining margins. Full-year 2026 net income is forecast at SAR 427 billion ahead of the official May 10 results.
SABIC Agri-Nutrients Net Profit Soars 25%
SABIC Agri-Nutrients Co.(2020.SA) reported a net profit of SAR 1,227 million for Q1 2026, a 24.5% increase year-on-year. While revenue tumbled 6.5% to SAR 2,874 million due to lower sales volumes, the bottom line was bolstered by significantly higher average selling prices. Consequently, earnings per share rose to SAR 2.58 as the company’s total shareholder equity reached SAR 20.83 billion.
Sumou Forecasts Positive Financial Project Impact
Sumou Real Estate Co(9511.SA) signed a 36-month agreement with Mashariq Al Arabi to manage infrastructure development for 1.83 million square meters in Riyadh. The deal facilitates development for a fund managed by anb capital. Sumou will earn a 10% management fee, with positive financial impacts expected to begin upon project commencement.
Key Dividend Events
| Symbol | Announcement Date | Eligibility Date | Distribution Date | Dividend Amount |
|---|---|---|---|---|
| Theeb Rent a Car Co.(4261.SA) | 2026-03-30 | 2026-04-23 | 2026-05-03 | 0.28 |
| Al Mawarid Manpower Co.(1833.SA) | 2026-03-30 | 2026-04-09 | 2026-04-23 | 1.40 |
| Eastern Province Cement Co.(3080.SA) | 2026-03-26 | 2026-04-05 | 2026-04-23 | 0.60 |
Related reads: When will users receive dividends?
New 52-Week High before 12:23 pm
| Symbol | 52W High Price |
|---|---|
| Rabigh Refining and Petrochemical Co.(2380.SA) | 11.50 |
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Significant Volume Surge before 12:23 pm
Top Gainers before 12:23 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Saudi Darb Investment Co.(4130.SA) | 2.28 | +8.06% |
| Rabigh Refining and Petrochemical Co.(2380.SA) | 11.40 | +5.95% |
| Riyadh Cement Co.(3092.SA) | 24.33 | +5.05% |
| Saudi Enaya Cooperative Insurance Co.(8311.SA) | 9.60 | +4.58% |
| Lumi Rental Co.(4262.SA) | 41.82 | +4.29% |
Top Losers before 12:23 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Advanced Petrochemical Co.(2330.SA) | 24.75 | -8.27% |
| Electrical Industries Co.(1303.SA) | 17.90 | -3.5% |
| Bank Albilad(1140.SA) | 25.30 | -2.77% |
| SABIC Agri-Nutrients Co.(2020.SA) | 144.40 | -2.76% |
| Saudi Tadawul Group Holding Co.(1111.SA) | 142.00 | -2.54% |