Market Movements Now | Chemanol (2001) Up ~10% after Appoints Law Firm For Appeal; SIIG (2250) Rises 3% On Growth Initiatives, Board Approves 10M Share Buyback
CHEMANOL 2001.SA | 8.29 | -1.07% |
EMAAR EC 4220.SA | 11.78 | +9.99% |
SAUDI ARAMCO 2222.SA | 27.60 | +0.15% |
SALEH ALRASHED 1324.SA | 66.05 | -3.86% |
SIIG 2250.SA | 13.15 | +0.31% |
TASI Mid-Market Update — March 12, 2026
Saudi Arabia's Tadawul All Shares Index(TASI.SA) once advanced 0.2% in early trading on Thursday, outperforming broader regional markets. The index's positive momentum was primarily driven by a 1% gain in heavy-weight Saudi Arabian Oil Co.(2222.SA), which tracked a significant surge in global energy markets. Brent crude futures once rose 9.28% to $100.52 per barrel amid escalating geopolitical tensions and potential supply disruptions in the Middle East.
However, the index turned to loss of -0.2% at the time of this reporting, and Aramco down by 0.5%.
Regional market sentiment has been weighed down by security concerns following reports of intercepted drone attacks near Saudi Arabia's Shaybah oilfield and wider disruptions to regional transport infrastructure.
Saudi Exchange announces the listing and trading shares of Saleh Abdulaziz Al Rashed & Sons Co.(1324.SA) on the Main Market on Wednesday 11/03/2026, following the completion of its IPO process, with the symbol 1324 and ISIN Code SA16H0MGKM14, with +/- 30% daily price fluctuation limits and +/- 10% static price fluctuation limits. The stock up by more than 2% today.
These fluctuation limits will be applied during the first three days of listing, and from the fourth trading day onwards, the daily price fluctuation limits will revert to +/- 10% and the static price fluctuation limits will no longer apply.
Notable News
SIIG Rises 3% On Growth Initiatives, Board Approves 10M Share Buyback
Saudi Industrial Investment Group(2250.SA) signed agreements with the Ministry of Investment and "Shareek" to produce Bio-Protein in Jubail using dry gas technology. Additionally, the board recommended a buyback of 10,000,000 shares, citing market prices below fair value. The 1.62% stake purchase will be financed via internal resources to support long-term growth. The stock up more than 3% today.
Chemanol Up ~10% after Appoints Law Firm For Appeal
The Commercial Court in Dammam issued a preliminary judgment ordering Methanol Chemicals Co.(2001.SA) to pay SAR 15,393,420 to former owners of Addar Chemicals Company (ACC). The claim covers operating expenses and bank facility payments made through November 2023. Chemanol intends to file an appeal and take all necessary legal actions regarding the ruling.
Key Dividend Events
| Symbol | Announcement Date | Eligibility Date | Distribution Date | Dividend Amount |
| Modern Mills for Food Products Co.(2284.SA) | 2026-03-01 | 2026-03-12 | 2026-04-06 | SAR 1.00 |
| United Electronics Co.(4003.SA) | 2026-03-04 | 2026-03-04 | 2026-03-12 | SAR 3.00 |
| Saudi Telecom Co.(7010.SA) | 2026-02-17 | 2026-02-23 | 2026-03-12 | SAR 0.55 |
Related reads: When will users receive dividends?
New 52-Week High before 12:40 pm
| Symbol | 52W High Price |
|---|---|
| Saudi Arabian Oil Co.(2222.SA) | 27.48 |
Significant Volume Surge before 12:40 pm
| Symbol | Volume Change% | 3M Average Volume | Today's Volume So Far |
| Alujain Corp.(2170.SA) | 269.85% | 435,950 | 1,612,343 |
| Almoosa Health Co.(4018.SA) | 216.81% | 29,399 | 93,139 |
| Emaar The Economic City(4220.SA) | 175.72% | 339,677 | 936,545 |
| Mouwasat Medical Services Co.(4002.SA) | 158.25% | 366,067 | 945,378 |
| Methanol Chemicals Co.(2001.SA) | 156.79% | 327,156 | 840,088 |
| Saudi Enaya Cooperative Insurance Co.(8311.SA) | 140.54% | 275,508 | 662,695 |
| Sustained Infrastructure Holding Co.(2190.SA) | 121.15% | 337,095 | 745,501 |
| Advanced Petrochemical Co.(2330.SA) | 114.87% | 1,132,391 | 2,433,124 |
| Rabigh Refining and Petrochemical Co.(2380.SA) | 93.01% | 3,102,658 | 5,988,489 |
| Saudi Industrial Investment Group(2250.SA) | 84.34% | 878,472 | 1,619,360 |
| The National Company for Glass Industries(2150.SA) | 73.01% | 85,816 | 148,467 |
| Yanbu National Petrochemical Co.(2290.SA) | 72.74% | 773,471 | 1,336,132 |
| Alamar Foods Co.(6014.SA) | 71.8% | 96,697 | 166,124 |
Top Gainers before 12:40 pm
| Company | Price | Change % |
|---|---|---|
| Methanol Chemicals Co.(2001.SA) | 8.00 | 9.89% |
| Emaar The Economic City(4220.SA) | 9.77 | 6.43% |
| Mouwasat Medical Services Co.(4002.SA) | 68.25 | 6.14% |
| Saudi Enaya Cooperative Insurance Co.(8311.SA) | 7.83 | 5.1% |
| Alujain Corp.(2170.SA) | 27.34 | 4.35% |
Top Losers before 12:40 pm
| Company | Price | Change % |
|---|---|---|
| Almoosa Health Co.(4018.SA) | 130.40 | -5.37% |
| Arabian Mills for Food Products Co.(2285.SA) | 38.80 | -4.95% |
| Walaa Cooperative Insurance Co.(8060.SA) | 8.77 | -3.84% |
| Salama Cooperative Insurance Co.(8050.SA) | 7.45 | -3.75% |
| Alwasail Industrial Co.(4148.SA) | 2.66 | -3.62% |