Market Movements Now | Jarir Marketing (4190) and 3 More Stocks Hit 52W Highs; MESC (2370) Pays SAR 0.6 Per Share; IEA Forecasts Massive 2027 Oil Surplus
GIG 8250.SA | 0.00 | |
FIPCO 2180.SA | 0.00 | |
SAUDI ARAMCO 2222.SA | 0.00 | |
ALRAJHI 1120.SA | 0.00 | |
SNB 1180.SA | 0.00 |
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TASI Mid-Market Update — June 17, 2026
The Saudi Arabian benchmark index Tadawul All Shares Index(TASI.SA) edged lower by 0.3% during Wednesday's trading session.
The market was primarily pressured by the performance of oil major Saudi Arabian Oil Co.(2222.SA), which declined by 0.65%. This marginal drop in the index coincided with a 0.2% decrease in Brent crude futures, which fell 15 cents to reach $78.81 a barrel by 06:30 GMT, amid broader regional market updates following details of an interim peace agreement between the United States and Iran.
In the large-cap sector, Al Rajhi Bank(1120.SA) and The Saudi National Bank(1180.SA) are both seeing declines, moving 0.52% and 0.55% respectively. Saudi Arabian Mining Co.(1211.SA) is advancing 1%. ACWA POWER Co.(2082.SA) is advancing 1.1%. Saudi Basic Industries Corp.(2010.SA) is retreating by 0.8%.
Notable News
MESC Pays SAR 0.6 Per Share
Middle East Specialized Cables Co.(2370.SA) "MESC" announced its board's decision to distribute SAR 24 million in cash dividends for the first half of fiscal year 2026. The dividend is set at SAR 0.6 per share, representing 6% of the share par value for 40,000,000 eligible shares. The eligibility date is June 30, 2026, with distribution starting July 9, 2026.
IEA Forecasts Massive 2027 Oil Surplus
The International Energy Agency (IEA) stated the global oil market will recover from the Strait of Hormuz closure before facing a major surplus by 2027. A U.S.-Iran peace agreement will reopen the strait, restoring up to 14 million barrels per day in disrupted supply. The IEA projects 2027 global supply to rise by 8 million bpd, outstripping demand growth of 2 million bpd.
Key Dividend Events
| Symbol | Announcement Date | Eligibility Date | Distribution Date | Dividend Amount |
|---|---|---|---|---|
| Banan Real Estate Co.(4324.SA) | 2026-05-10 | 2026-05-31 | 2026-06-17 | 0.035 |
| Abdullah Al Othaim Markets Co.(4001.SA) | 2026-05-10 | 2026-05-21 | 2026-06-17 | 0.06 |
Related reads: When will users receive dividends?
New 52-Week High before 12:32 pm
| Symbol | 52W High Price |
|---|---|
| Al Moammar Information Systems Co.(7200.SA) | 208.00 |
| Gulf Insurance Group(8250.SA) | 31.90 |
| Jarir Marketing Co.(4190.SA) | 16.93 |
| Taleem REIT Fund(4333.SA) | 10.80 |
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Significant Volume Surge before 12:32 pm
| Symbol | Volume Change % | 3M Average Volume | Today's Volume So Far |
|---|---|---|---|
| Alramz Real Estate Co.(4327.SA) | +500.01% | 115,595 | 693,576 |
| Anaam International Holding Group(4061.SA) | +446.42% | 419,930 | 2,294,595 |
| Filing and Packing Materials Manufacturing Co.(2180.SA) | +430.47% | 60,984 | 323,504 |
| Aljazira Takaful Taawuni Co.(8012.SA) | +116.85% | 140,855 | 305,440 |
| Scientific and Medical Equipment House Co.(4014.SA) | +112.06% | 53,816 | 114,120 |
| Arab Sea Information System Co.(7201.SA) | +72.64% | 701,901 | 1,211,790 |
| Gulf Insurance Group(8250.SA) | +59.91% | 185,865 | 297,208 |
| National Gas and Industrialization Co.(2080.SA) | +51.09% | 94,225 | 142,367 |
| Dar Al Majed Real Estate Co.(4326.SA) | +43.76% | 1,109,899 | 1,595,646 |
| Al Sagr Cooperative Insurance Co.(8180.SA) | +42.1% | 372,702 | 529,608 |
| Saudi Cement Co.(3030.SA) | +40.02% | 176,149 | 246,649 |
| Marketing Home Group for Trading Co.(4194.SA) | +39.94% | 135,066 | 189,007 |
| Tihama Advertising, Public Relations and Marketing Co.(4070.SA) | +35.07% | 138,928 | 187,655 |
| Taleem REIT Fund(4333.SA) | +31.18% | 29,040 | 38,095 |
Top Gainers before 12:32 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Gulf Insurance Group(8250.SA) | 31.74 | +6.44% |
| Filing and Packing Materials Manufacturing Co.(2180.SA) | 32.00 | +4.58% |
| Alramz Real Estate Co.(4327.SA) | 60.95 | +4.01% |
| Marketing Home Group for Trading Co.(4194.SA) | 46.44 | +2.61% |
| Al Moammar Information Systems Co.(7200.SA) | 206.80 | +2.48% |
Top Losers before 12:32 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Saudi Cement Co.(3030.SA) | 31.36 | -4.39% |
| National Gas and Industrialization Co.(2080.SA) | 73.75 | -3.91% |
| Scientific and Medical Equipment House Co.(4014.SA) | 30.14 | -3.89% |
| Aljazira Takaful Taawuni Co.(8012.SA) | 11.65 | -3.88% |
| Al Yamamah Steel Industries Co.(1304.SA) | 38.86 | -3.14% |