Market Movements Now | Bank Aljazira (1020) Best Day in 6 Months on Q2 Beat; SPIMACO (2070) Gains as Top Holder Sells ~10% Stake; Brent Tops $95/bbl, First Time in 6 Weeks
BJAZ 1020.SA | 0.00 | |
APC 2200.SA | 0.00 | |
SAUDI ARAMCO 2222.SA | 0.00 | |
SPIMACO 2070.SA | 0.00 | |
SEDCO MULTI ASSET 4703.SA | 0.00 |
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TASI Mid-Market Update — July 22, 2026
On Wednesday, Saudi stocks closed mixed. As of press time, the Tadawul All Shares Index(TASI.SA) was up 0.33% and the Parallel Market Capped Index (NomuC)(NOMUC.SA) was down 0.56%.
Notable News
Oil Prices Surge Amid Global Supply Concerns
Brent crude surged over 4%, surpassing US$95 per barrel for the first time in six weeks, while WTI rose 5% to US$88.56 per barrel. This increase follows continued US military actions against Iranian sites, raising fears of global energy supply disruptions. The American Petroleum Institute reported a rise in US crude inventories, while the Energy Information Administration is expected to show a 2 million-barrel drop.
Foreign Ownership in Tadawul Equities Declines Slightly
Non-institutional foreign ownership in Tadawul-listed stocks, excluding Saudi Aramco, fell to 11.20% (SAR344.74 billion) in the week ended July 16, down from 11.23%. This category includes individuals, institutions, swap agreements, and managed portfolios but excludes founders' strategic stakes. Total foreign ownership, including strategic partners, dropped to 12.73% (SAR391.63 billion), while GCC investors' stake remained steady at 2.45% (SAR75.45 billion). Institutional foreign ownership stood at 1.52% (SAR46.89 billion).
Bank Al Jazira Heads for Best Day in Six Months After Strong Q2 Earnings
Shares of Bank Aljazira(1020.SA) jumped as much as 4.4%, trading at SAR12.26. The bank posted a Q2 net profit of SAR442.8 million (US$117.99 million), a 16% Y/Y increase, with operating income up 10.4% due to higher financing and investment returns. Analysts rate the stock as "hold" with a median price target of SAR14. Shares are up 9% YTD.
East Pipes Drags TASI as Quarterly Profit Slumps
Shares of East Pipes Integrated Co (1321.SA) fell 7.5% to SAR204.4, marking the steepest drop since April 2025 and making it the worst performer on the TASI, which rose 0.3%. The company reported Q1 revenue and profit declines of over 25% quarter-on-quarter, citing reduced sales volumes due to scheduled delivery plans. Despite this, the stock remains up nearly 48% YTD.
Arabian Pipes Secures SAR68 Million Contract with Saudi Aramco
Arabian Pipes Co.(2200.SA) signed a SAR68 million contract with Saudi Arabian Oil Co.(2222.SA) for manufacturing, coating, and supplying steel pipes. The agreement spans eight months, with financial impacts expected in Q4 2026 and Q1 2027. Despite the announcement, shares of $2200.SA dipped 1.36% to SAR6.53.
SPIMACO Rises as Major Shareholder Sells Stake
Shares of Saudi Pharmaceutical Industries and Medical Appliances Corp.(2070.SA) increased 3.1% to SAR30.30, marking the best day since mid-June. ACDIMA sold a 9.998% stake for SAR326.35 million, retaining a 10.5% stake. All analysts rate the stock as "hold" with a median price target of SAR32.50. The stock is up about 16% YTD.
Key Dividend Events
| Symbol | Announcement Date | Eligibility Date | Distribution Date | Dividend Amount |
|---|---|---|---|---|
| SEDCO Capital Multi Asset Traded Fund(4703.SA) | 2026-07-19 | 2026-07-22 | 2026-08-19 | SAR 0.34 per unit |
Related reads: When will users receive dividends?
New 52-Week High before 1:19 pm
| Symbol | 52W High Price |
|---|---|
| Knowledge Economic City(4310.SA) | 14.96 |
| TALEEM REIT FUND(4333.SA) | 11.00 |
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Significant Volume Surge before 1:19 pm
| Symbol | Volume Change % | 3M Average Volume | Today's Volume So Far |
|---|---|---|---|
| LIVA Insurance Co.(8280.SA) | 284.88 | 338,656 | 1,303,431 |
| Bank Aljazira(1020.SA) | 202.43 | 2,108,860 | 6,377,749 |
| Ataa Educational Co.(4292.SA) | 143.02 | 48,452 | 117,746 |
| Mutakamela Insurance Co.(8040.SA) | 105.92 | 370,065 | 762,030 |
| Raoom Trading Co.(4144.SA) | 85.02 | 68,192 | 126,168 |
| East Pipes Integrated Company for Industry(1321.SA) | 80.96 | 251,899 | 455,836 |
| Yanbu National Petrochemical Co.(2290.SA) | 60.75 | 1,008,466 | 1,621,099 |
| Naseej International Trading Co.(1213.SA) | 63.57 | 440,058 | 719,819 |
| Saudi Ground Services Co.(4031.SA) | 36.55 | 588,534 | 803,653 |
Top Gainers before 1:27 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Kingdom Holding Co.(4280.SA) | 11.85 | 5.24% |
| Yanbu National Petrochemical Co.(2290.SA) | 32.90 | 5.11% |
| National Medical Care Co.(4005.SA) | 108.50 | 4.93% |
| Bank Aljazira(1020.SA) | 12.27 | 4.51% |
| Saudi Pharmaceutical Industries and Medical Appliances Corp.(2070.SA) | 30.58 | 3.94% |
Top Losers before 1:27 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| East Pipes Integrated Company for Industry(1321.SA) | 198.90 | -9.96% |
| Saudi Fisheries Co.(6050.SA) | 65.25 | -3.33% |
| Saudi Cable Co.(2110.SA) | 154.00 | -3.08% |
| Riyadh Cables Group Co.(4142.SA) | 105.60 | -2.94% |
| Ash-Sharqiyah Development Co.(6060.SA) | 14.43 | -2.63% |