Market Movements Now | EIC (1303) Hits Another 52W High with 67.7% YTD Gain; Musharaka REIT Fund (4335) Trades Higher on 859% Volume Surge; 5 Key Dividend Events Today
NOFOTH 2288.SA | 8.32 | +0.24% |
MRNA 4082.SA | 8.25 | -1.90% |
SNB 1180.SA | 39.78 | -1.83% |
SAUDI ARAMCO 2222.SA | 27.22 | -0.15% |
ALRAJHI 1120.SA | 68.70 | -2.21% |
TASI Mid-Market Update — April 16, 2026
The Saudi Arabian benchmark index Tadawul All Shares Index(TASI.SA) trended lower during early trading on Thursday, recording a decline of 0.4%. The performance comes as regional investors weigh evolving geopolitical developments against domestic economic strategies.
The financial sector exerted downward pressure on the index, led by The Saudi National Bank(1180.SA), the kingdom’s largest lender by assets, which saw its shares fall by more than 2%. In the energy sector, Saudi Arabian Oil Co.(2222.SA) recorded a marginal decrease of 0.5%.
Oil prices remained relatively stable, with Brent crude futures trading at $96.4 a barrel. Market participants continue to monitor the impact of shipping disruptions in the Strait of Hormuz and the progress of international mediation efforts regarding regional tensions.
On the domestic front, the Public Investment Fund (PIF) has introduced a new five-year strategy. The $925 billion sovereign wealth fund intends to focus its investment activities on the domestic economy through six key priority areas, aiming to further the kingdom’s economic diversification and reduce long-term reliance on oil revenues.
In the large-cap sector, Al Rajhi Bank(1120.SA) is holding steady. Saudi Arabian Mining Co.(1211.SA) is seeing a slight dip of 0.8%. ACWA POWER Co.(2082.SA) is edging higher by 0.7%. Saudi Basic Industries Corp.(2010.SA) is retreating by 1.3%.
Notable News
Saudi Construction Awards Hit 15.7 Billion
The Saudi Contractors Authority reported 11 project awards in March 2026 totaling SAR 15.7 billion, driving Q1 cumulative value to SAR 30.2 billion. The building sector claimed 99% of this value, led by educational and commercial facilities spearheaded by the NHC and TMG alliance. Looking ahead, 18 additional projects are projected for April, primarily across the Eastern Province and Madinah.
Key Dividend Events
| Symbol | Announcement Date | Eligibility Date | Distribution Date | Dividend Amount |
|---|---|---|---|---|
| Saudi Manpower Solutions Co.(1834.SA) | 2026-03-29 | 2026-04-05 | 2026-04-16 | 0.15 |
| CATRION Catering Holding Co.(6004.SA) | 2026-03-05 | 2026-04-16 | 2026-05-07 | 1.15 |
| SAL Saudi Logistics Services Co.(4263.SA) | 2026-02-11 | 2026-04-01 | 2026-04-16 | 1.89 |
| Riyad Bank(1010.SA) | 2026-02-02 | 2026-04-05 | 2026-04-16 | 0.55 |
| Alkhabeer REIT Fund(4348.SA) | 2026-01-29 | 2026-02-10 | 2026-04-16 | 0.105 |
Related reads: When will users receive dividends?
New 52-Week High before 12:58 pm
| Symbol | 52W High Price |
|---|---|
| Electrical Industries Co.(1303.SA) | 18.88 |
| Kingdom Holding Co.(4280.SA) | 10.55 |
| Saudi Awwal Bank(1060.SA) | 37.88 |
| Jarir Marketing Co.(4190.SA) | 14.87 |
| Banque Saudi Fransi(1050.SA) | 20.78 |
Significant Volume Surge before 12:58 pm
Top Gainers before 12:58 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Nofoth Food Products Co.(2288.SA) | 8.53 | +6.76% |
| Morabaha Marina Financing Co.(4082.SA) | 9.32 | +5.31% |
| The Power and Water Utility Company for Jubail and Yanbu(2083.SA) | 34.54 | +5.18% |
| Sport Clubs Co.(6018.SA) | 7.25 | +5.07% |
| Saudi Azm for Communication and Information Technology Co.(7211.SA) | 24.50 | +4.88% |
Top Losers before 12:58 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Arabian Cement Co.(3010.SA) | 23.07 | -4.11% |
| The Saudi National Bank(1180.SA) | 42.56 | -2.92% |
| Bupa Arabia for Cooperative Insurance Co.(8210.SA) | 180.70 | -2.85% |
| Aldrees Petroleum and Transport Services Co.(4200.SA) | 128.50 | -2.58% |
| Emaar The Economic City(4220.SA) | 10.63 | -2.48% |