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Market Movements Now | Etihad Etisalat (7020) Surges to 52-Week High on 40.7% Profit Beat; SAL (4263) Plummets Post-Earnings – What's Behind the Drop?
ETIHAD ETISALAT -0.69%
SAL +2.96%
ALBILAD GOLD ETF +0.72%
EIC -1.37%
DAR ALARKAN 0.00%
ETIHAD ETISALAT 7020.SA | 64.60 | -0.69% |
SAL 4263.SA | 170.40 | +2.96% |
ALBILAD GOLD ETF 9405.SA | 22.35 | +0.72% |
EIC 1303.SA | 11.52 | -1.37% |
DAR ALARKAN 4300.SA | 15.80 | 0.00% |
The Tadawul All Shares Index(TASI.SA) regained upward momentum in yesterday's trading session. As discussed in yesterday's Movements Now about the critical 12,320 level, the index rather quickly reclaimed this level and closed above it.
Today, the index opened at the same key level and is attempting to continue its upward movement. However, resistance is observed near the 20-day Exponential Moving Average (EMA20) just above the current levels.
Notable News
Mobily Reports Strong Financial Performance and Announces Dividend Distribution for the Second Half of 2024
Etihad Etisalat Co.(7020.SA) (Mobily) announced its annual consolidated financial results for the year ended December 31, 2024, and the Board of Directors' decision to distribute interim cash dividends for the second half of 2024.
- Revenue Increase: Mobily reported an 8.6% increase in revenues, reaching SAR 18,206 million in 2024.
- Net Profit: Net profit surged by 39.2% to SAR 3,107 million.
- Operational Profit: Operational profit rose 18.6% to SAR 3,530 million.
- EBITDA: EBITDA increased by 8.6% to SAR 7,195 million, with an EBITDA margin remaining stable at 39.5%.
- Total Shareholders' Equity: Grew by 7.1% to SAR 18,875 million.
- Dividend Distribution: The total amount of SAR 1,001 million will be distributed as dividends, with each share receiving SAR 1.30.
Following the announcements, Mobily's stock price once increased by 6% today.
Important Dates:
- Eligibility Date for Dividends: March 20, 2025
- Distribution Date: April 9, 2025
FY2024 million SAR | Q3 | Q4-Market Expectation | Q4 |
| Sales/Revenue | 4,498.56 | 4,617.29 | 4,696.76 |
| Net Profit (Loss) Before Unusual Items | 688.55 | 696.16 | 979.56 |
| EPS | 1.08 | 0.90 | 1.27 |
SAL Saudi Logistics Services Co. Reports FY24 Financial and Announces Q4 2024 Dividend Distribution
SAL Saudi Logistics Services Co.(4263.SA) announced its annual financial results for the year ended December 31, 2024, and the Board of Directors' decision to distribute cash dividends for the fourth quarter of the fiscal year 2024.
- Revenue Increase: SAL reported a 12.24% increase in revenues, reaching SAR 1.63 billion in 2024.
- Net Profit: Net profit grew by 29.77% to SAR 661.4 million.
- Operational Profit: Operational profit increased by 21.02% to SAR 709.4 million.
- Total Shareholders' Equity: Increased by 13.63% to SAR 1.40 billion.
- Dividend Distribution: The total amount of SAR 106.4 million will be distributed as dividends, with each share receiving SAR 1.33.
SAL's stock price plunged by over 8% during today's trading.
Important Dates:
- Eligibility Date for Dividends: February 26, 2025
- Distribution Date: Within 15 working days from the eligibility date
FY2024 million SAR | Q3 | Q4-Market Expectation | Q4 |
| Sales/Revenue | 367.26 | 419.67 | 408.69 |
| Net Profit (Loss) Before Unusual Items | 155.50 | 172.90 | 142.03 |
| EPS | 1.94 | 2.16 | 1.78 |
Significant Volume Surge after 10:30 am
| Symbol | Volume Change% | 3M Average Volume | Today's Volume So Far |
| SAL Saudi Logistics Services Co.(4263.SA) | 282.04% | 134,453 | 513,661 |
| Etihad Etisalat Co.(7020.SA) | 86.40% | 937,667 | 1,747,812 |
New 52-Week High as of 10:47 am
| Company | Price (SAR) |
|---|---|
| Etihad Etisalat Co.(7020.SA) | 60.10 |
| Albilad Gold ETF(9405.SA) | 15.42 |
Sector Performance as of 10:50 am
- Telecommunication Services: +1.19%
- Banks: +0.41%
- Pharma, Biotech & Life Science: +0.39%
Top Gainers as of 10:50 am
The top-performing stocks at this point include:
| Stock | Price | %Chg |
|---|---|---|
| Electrical Industries Co.(1303.SA) | 7.11 | +3.64% |
| Etihad Etisalat Co.(7020.SA) | 58.60 | +3.35% |
| Dar Alarkan Real Estate Development Co.(4300.SA) | 17.34 | +2.48% |
| Thimar Development Holding Co.(4160.SA) | 52.50 | +2.34% |
| Almoosa Health Co.(4018.SA) | 171.80 | +2.26% |
Top Losers as of 10:50 am
| Stock | Price | %Chg |
|---|---|---|
| SAL Saudi Logistics Services Co.(4263.SA) | 255.00 | -7.27% |
| Naseej International Trading Co.(1213.SA) | 101.80 | -4.68% |
| Middle East Specialized Cables Co.(2370.SA) | 40.75 | -2.40% |
| Saudi Fisheries Co.(6050.SA) | 127.00 | -2.31% |
| Morabaha Marina Financing Co.(4082.SA) | 11.64 | -1.85% |
- Reporting by Zaid, Sahm News team
