Market Movements Now | Enaya (8311) Surges 7% after Wins Compliance Extension; SASCO (4050) Expects Positive Financial Impact; AICC (8160) Stock Jumps with 932.31% Volume Spike
SHARQIYAH DEV 6060.SA | 0.00 | |
MUTAKAMELA 8040.SA | 0.00 | |
ALRAJHI 1120.SA | 0.00 | |
SNB 1180.SA | 0.00 | |
MAADEN 1211.SA | 0.00 |
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TASI Mid-Market Update — June 30, 2026
Gulf equity markets experienced subdued trading during early sessions on Tuesday, June 30, 2026. Regional investor sentiment remained cautious as market participants closely monitored geopolitical developments, specifically potential diplomatic engagements between the United States and Iran in Doha, alongside a fragile ceasefire.
The Tadawul All Shares Index(TASI.SA) edged up 0.1% during early trading.
The retraction in the Saudi equity benchmark coincided with softening energy prices. Brent crude oil futures for August delivery slipped 1% (or $0.75) to $72.40 per barrel by 06:53 GMT. This contract expiration level positions the benchmark approximately 22% below the previous month's closing levels. Shipping data indicates that Middle Eastern producers continue loading oil and liquefied natural gas (LNG) unhindered, despite recent regional frictions in the Strait of Hormuz.
In the large-cap sector, Al Rajhi Bank(1120.SA) is higher by 0.15%. The Saudi National Bank(1180.SA) is posting a gain of 0.8%. Saudi Arabian Mining Co.(1211.SA) is edging higher by 0.5%. ACWA POWER Co.(2082.SA) is surging by 2.5%. Saudi Basic Industries Corp.(2010.SA) down by 0.45% and Saudi Arabian Oil Co.(2222.SA) trading flat.
Notable News
Saudi Enaya Surges 6.9% after Wins Compliance Extension
Saudi Enaya Cooperative Insurance Co.(8311.SA) received approval from the Insurance Authority on June 29, 2026, to extend its minimum capital compliance period by six months. The extension follows a letter sent to the authority on June 10, 2026. The company stated that any potential financial impact will be determined at a later date.
SASCO Expects Positive Financial Impact
Saudi Automotive Services Co.(4050.SA) (SASCO) announced that its expected SAR 8.2 million goodwill loss from the SAR 13.0 million Jeddah station expropriation will be deferred until legal processes are fully finalized. Separately, SASCO received a notice from the Royal Commission for Riyadh City (RCRC) to expropriate 38% of its station land in Riyadh's Arqa District for the Ring Road expansion. The estimated compensation for the Riyadh plot stands at SAR 25,931,503, measured against the station's total book value of approximately SAR 30 million. The company plans to rehabilitate and run the remaining site and forecasts a positive financial impact once the transaction is completed.
Al Rajhi Bank Renews 2P Facility
Perfect Presentation for Commercial Services Co.(7204.SA) (2P) renewed a SAR 265 million Sharia-compliant bank facility with Al Rajhi Bank(1120.SA) on June 29, 2026. Secured by promissory notes, the facility is extended until June 29, 2027. The company will utilize the funding to finance newly awarded projects, including issuing letters of guarantee, letters of credit, and invoice financing.
Key Dividend Events
| Symbol | Announcement Date | Eligibility Date | Distribution Date | Dividend Amount |
|---|---|---|---|---|
| Sustained Infrastructure Holding Co.(2190.SA) | 2026-05-10 | 2026-06-10 | 2026-06-30 | 0.80 |
| Yanbu Cement Co.(3060.SA) | 2026-05-10 | 2026-06-09 | 2026-06-30 | 0.75 |
| Saudi Pharmaceutical Industries and Medical Appliances Corp.(2070.SA) | 2026-03-31 | 2026-06-09 | 2026-06-30 | 0.35 |
| Aljazira Takaful Taawuni Co.(8012.SA) | 2026-03-24 | 2026-06-16 | 2026-06-30 | 0.40 |
Related reads: When will users receive dividends?
New 52-Week High before 12:11 pm
| Symbol | 52W High Price |
|---|---|
| Gulf Insurance Group(8250.SA) | 32.86 |
| Al Moammar Information Systems Co.(7200.SA) | 235.00 |
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Significant Volume Surge before 12:11 pm
Top Gainers before 12:11 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Ash-Sharqiyah Development Co.(6060.SA) | 15.09 | +9.99% |
| Mutakamela Insurance Co.(8040.SA) | 12.03 | +9.96% |
| Saudi Fisheries Co.(6050.SA) | 79.00 | +9.95% |
| Amana Cooperative Insurance Co.(8310.SA) | 7.43 | +9.91% |
| Tihama Advertising, Public Relations and Marketing Co.(4070.SA) | 18.09 | +9.31% |
Top Losers before 12:11 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Electrical Industries Co.(1303.SA) | 13.97 | -4.97% |
| Al-Babtain Power and Telecommunication Co.(2320.SA) | 65.15 | -3.12% |
| Bank Aljazira(1020.SA) | 11.61 | -1.69% |
| Arabian Drilling Co.(2381.SA) | 90.45 | -1.52% |
| Bupa Arabia for Cooperative Insurance Co.(8210.SA) | 175.00 | -1.52% |