Market Movements Now | Jarir (4190) Q2 Net Profit Jumps 19%, Stock Hits 52W High; EIC (1303) Receives SAR 26.1M Fine Refund; Al Yamamah (1304)'s Deal to Impact 2028 Results
ALAKARIA 4020.SA | 0.00 | |
CHEMICAL 2230.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 — July 15, 2026
The Saudi Arabian benchmark index, the Tadawul All Shares Index(TASI.SA), edged 0.1% higher during early trading on Wednesday.
The marginal advance came amid mixed domestic and international developments. Regionally, geopolitical headlines continued to influence sentiment after the United Arab Emirates Ministry of Defence reported that Iranian cruise missiles struck two Emirati oil tankers in the Strait of Hormuz, resulting in casualties and heightened strategic tensions. However, regional markets found counterbalancing support as the U.S. abandoned its initial proposal to levy a 20% shipping fee through the strategic waterway, opting instead to pursue investment deals with Gulf nations.
On the macroeconomic front, while top Federal Reserve officials maintained a cautious stance, stating that further evidence is required to verify a definitive easing of price pressures, the consumer price index data caused market participants to adjust interest rate expectations. According to CME FedWatch data, traders reduced the implied probability of a September Federal Reserve interest rate hike to 58%, down from 76% prior to the report, while the probability of a December increase stabilized near 80%. Market focus remains on the upcoming release of the U.S. Producer Price Index for additional policy and inflation cues.
In the large-cap sector, Al Rajhi Bank(1120.SA) is holding steady. The Saudi National Bank(1180.SA) is advancing 0.96%. Saudi Arabian Mining Co.(1211.SA) is retreating by 0.96%. ACWA POWER Co.(2082.SA) and Saudi Basic Industries Corp.(2010.SA) are both seeing declines, moving 0.32% and 0.29% respectively. Saudi Arabian Oil Co.(2222.SA) is retreating by 0.89%.
Notable News
Jarir Q2 Net Profit Jumps 19%
Jarir Marketing Co.(4190.SA) reported an estimated Q2 2026 net profit of SAR 235.6 million, up 19.5% year-on-year. Higher smartphone sales and reduced promotional discounting drove the growth, though rising marketing and administrative costs limited bottom-line gains. Sales fell 8.7% compared to the previous record quarter.
Al Yamamah Steel Seals SAR 270M Supply Deal, to Impact 2028 Results
Al Yamamah Steel Industries Co.(1304.SA) announced its subsidiary, Al Yamamah for Reinforcing Steel Bars Company, signed a SAR 270 million contract with a European company on July 14, 2026. The two-and-a-half-year deal covers the manufacturing, supply, and installation of steel billet production equipment. Financial impact will reflect in the second half of 2028.
Electrical Industries Receives SAR 26.1M Fine Refund
Electrical Industries Co.(1303.SA) announced it received a fine refund of SAR 26.1 million from the General Authority for Competition on July 14, 2026. This follows an earlier Administrative Court of Appeal ruling that annulled the penalties against two of its subsidiaries. The recovery will have an identical positive impact on the company's 2026 financial results.
Key Dividend Events
No Dividend Events available at the time of this reporting.
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New 52-Week High before 12:22 pm
| Symbol | 52W High Price |
|---|---|
| Jarir Marketing Co.(4190.SA) | 18.38 |
| Al Moammar Information Systems Co.(7200.SA) | 238.60 |
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Significant Volume Surge before 12:22 pm
| Symbol | Volume Change % | 3M Average Volume | Today's Volume So Far |
|---|---|---|---|
| Alistithmar AREIC Diversified REIT Fund(4350.SA) | +467.29% | 63,732 | 361,548 |
| Saudi Vitrified Clay Pipes Co.(2360.SA) | +289.53% | 115,656 | 450,510 |
| Saudi Real Estate Co.(4020.SA) | +263.35% | 950,285 | 3,452,907 |
| Arabian Company for Agricultural and Industrial Investment(2287.SA) | +260.56% | 267,682 | 965,146 |
| AlAhli REIT Fund 1(4338.SA) | +158.58% | 48,396 | 125,144 |
| Jazan Development and Investment Co.(6090.SA) | +147.21% | 126,176 | 311,920 |
| Malath Cooperative Insurance Co.(8020.SA) | +131.07% | 276,592 | 639,118 |
| Red Sea International Co.(4230.SA) | +117.26% | 1,440,502 | 3,129,679 |
| 9411(9411.SA) | +61.66% | 3,203 | 5,178 |
| Al Kathiri Holding Co.(3008.SA) | +49.5% | 2,810,524 | 4,201,850 |
| Nama Chemicals Co.(2210.SA) | +37.95% | 84,182 | 116,132 |
| Saudi Fisheries Co.(6050.SA) | +32.55% | 497,624 | 659,618 |
| Jarir Marketing Co.(4190.SA) | +30.74% | 2,872,713 | 3,755,891 |
| Tanmiah Food Co.(2281.SA) | +18.34% | 88,902 | 105,205 |
| Arriyadh Development Co.(4150.SA) | +17.18% | 276,740 | 324,291 |
Top Gainers before 12:22 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Saudi Real Estate Co.(4020.SA) | 18.36 | +7.56% |
| Saudi Chemical Co.(2230.SA) | 8.50 | +4.29% |
| Saudi Vitrified Clay Pipes Co.(2360.SA) | 18.80 | +4.21% |
| ARTEX Industrial Investment Co.(2340.SA) | 12.75 | +4.0% |
| Umm Al Qura for Development and Construction Co.(4325.SA) | 17.71 | +3.57% |
Top Losers before 12:22 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Arabian Company for Agricultural and Industrial Investment(2287.SA) | 27.60 | -4.7% |
| Rabigh Refining and Petrochemical Co.(2380.SA) | 13.98 | -3.45% |
| Aldawaa Medical Services Co.(4163.SA) | 41.92 | -3.37% |
| Tanmiah Food Co.(2281.SA) | 61.00 | -2.4% |
| Mutakamela Insurance Co.(8040.SA) | 13.11 | -2.02% |