Market Movements Now | EIC (1303) Surge 8% on Earnings; Elm SASO Deal Worth 15% Revenue; 2 Bank Dividend Events Today & 2 Stocks Hit 52W Highs
EIC 1303.SA | 0.00 | |
ATAA 4292.SA | 0.00 | |
SNB 1180.SA | 0.00 | |
SAUDI ARAMCO 2222.SA | 0.00 | |
ALRAJHI 1120.SA | 0.00 |
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TASI Mid-Market Update — July 23, 2026
Saudi Arabia’s benchmark index, the Tadawul All Shares Index(TASI.SA), registered a slight decline in early trading on Thursday, easing 0.01% as market participants evaluated geopolitical developments alongside corporate earnings reports.
The benchmark's modest pull-back was primarily weighted down by the financial sector, led by a 0.5% decline in The Saudi National Bank(1180.SA). Conversely, energy heavyweights helped cushion the index, with Saudi Arabian Oil Co.(2222.SA) gaining 0.4%. Overall market sentiment remained cautious amid heightened regional security concerns surrounding key global energy shipping routes in the Strait of Hormuz and the Bab el-Mandeb Strait.
In the large-cap sector, Al Rajhi Bank(1120.SA) is easing by 0.31%. Saudi Arabian Mining Co.(1211.SA) is retreating by 0.85%. ACWA POWER Co.(2082.SA) is advancing 1.9%. Saudi Basic Industries Corp.(2010.SA) is retreating by 0.84%.
Notable News
EIC Shares Surge 8% on Earnings
Electrical Industries Co.(1303.SA) reported Q2 net profit of SAR 211.5 million, up 55% year-on-year, on rising demand in high-voltage and oil and gas projects. H1 net profit rose 55% to SAR 402.3 million as sales reached SAR 1.37 billion. EIC stock surged 7.86% following the release.
EIC Sets SAR 0.125 H1 Dividend
Electrical Industries Co.(1303.SA) approved a cash dividend distribution of SAR 140.6 million for the first half of 2026, paying SAR 0.125 per share (25% of par value). Eligibility is set for August 4, 2026, with distribution on August 23. EIC shares surged 7.86% following the announcement.
East Pipes Q3 Impact Expected Post-Deal
East Pipes Integrated Company for Industry(1321.SA) signed a five-month contract exceeding SAR 64 million with Esnad Al-Turuq Contracting Company to manufacture and supply steel pipes. Signed on July 22, 2026, the deal's financial impact will be reflected in the third quarter of the fiscal year 2026/2027.
Elm SASO Deal Worth 15% Revenue
Elm Co(7203.SA) won a five-year revenue-sharing contract from the Saudi Standards, Metrology and Quality Organization (SASO) to develop and operate its product safety system. Elm expects the deal to generate approximately 15% of its total 2025 audited revenue. Financial obligations begin once the contract is signed.
Key Dividend Events
| Symbol | Announcement Date | Eligibility Date | Distribution Date | Dividend Amount |
|---|---|---|---|---|
| Banque Saudi Fransi(1050.SA) | 2026-07-20 | 2026-07-23 | 2026-08-11 | 0.57 |
| Arab National Bank(1080.SA) | 2026-07-20 | 2026-07-23 | 2026-08-04 | 0.65 |
| Middle East Healthcare Co.(4009.SA) | 2026-02-24 | 2026-07-07 | 2026-07-23 | 0.50 |
Related reads: When will users receive dividends?
New 52-Week High before 12:12 pm
| Symbol | 52W High Price |
|---|---|
| Gulf Insurance Group(8250.SA) | 34.74 |
| Knowledge Economic City(4310.SA) | 15.50 |
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Significant Volume Surge before 12:12 pm
| Symbol | Volume Change % | 3M Average Volume | Today's Volume So Far |
|---|---|---|---|
| Knowledge Economic City(4310.SA) | +224.21% | 420,677 | 1,363,888 |
| Ataa Educational Co.(4292.SA) | +209.87% | 50,741 | 157,232 |
| Alkhabeer REIT Fund(4348.SA) | +180.7% | 127,782 | 358,682 |
| Albilad MSCI Saudi Growth ETF(9408.SA) | +158.37% | 4,660 | 12,040 |
| Raoom Trading Co.(4144.SA) | +133.51% | 71,457 | 166,858 |
| LIVA Insurance Co.(8280.SA) | +119.72% | 364,870 | 801,706 |
| Electrical Industries Co.(1303.SA) | +92.93% | 3,493,207 | 6,739,450 |
| Tihama Advertising, Public Relations and Marketing Co.(4070.SA) | +82.49% | 205,668 | 375,333 |
| SEDCO Capital Multi Asset Traded Fund(4703.SA) | +70.57% | 69,030 | 117,746 |
| Albilad Saudi Sovereign Sukuk ETF(9403.SA) | +55.65% | 95,355 | 148,422 |
| Al Rajhi REIT Fund(4340.SA) | +35.09% | 174,081 | 235,169 |
| Taleem REIT Fund(4333.SA) | +25.04% | 30,539 | 38,186 |
| Albilad CSOP MSCI Hong Kong China Equity ETF(9410.SA) | +23.26% | 11,615 | 14,317 |
Top Gainers before 12:12 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Electrical Industries Co.(1303.SA) | 14.54 | +7.78% |
| Ataa Educational Co.(4292.SA) | 48.00 | +7.19% |
| Knowledge Economic City(4310.SA) | 15.44 | +4.61% |
| Al-Rajhi Company for Cooperative Insurance(8230.SA) | 52.55 | +4.58% |
| National Medical Care Co.(4005.SA) | 113.70 | +4.31% |
Top Losers before 12:12 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| SEDCO Capital Multi Asset Traded Fund(4703.SA) | 6.64 | -4.87% |
| Raoom Trading Co.(4144.SA) | 75.20 | -4.81% |
| Yanbu National Petrochemical Co.(2290.SA) | 31.72 | -2.58% |
| Almasane Alkobra Mining Co.(1322.SA) | 71.10 | -1.93% |
| National Metal Manufacturing and Casting Co.(2220.SA) | 11.76 | -1.92% |