Market Movements Now | Major Breakout! AMAK (1322) Surges 6%, Staging a Runaway Trend? Cenomi Retail (4240) Jumps 3% on Rebranding
SAUDI ARAMCO 2222.SA | 27.60 | +0.15% |
AMAK 1322.SA | 84.80 | -2.64% |
MAADEN 1211.SA | 65.40 | 0.00% |
ACWA 2082.SA | 169.50 | -1.57% |
SABIC 2010.SA | 59.55 | 0.00% |
TASI Mid-Market Update — January 6, 2026
Major Gulf stock markets rose in early trade on Tuesday, January 6, supported by dovish comments from U.S. Federal Reserve officials that strengthened expectations for interest rate cuts this year.
Saudi Arabia's benchmark Tadawul All Shares Index(TASI.SA) lost 0.1%, with a 4.8% advance in Saudi Arabian Mining Co.(1211.SA).
Gains across the region were capped by weaker crude oil prices, reflecting expectations of ample global supply and potential increases in Venezuelan output.
For the large cap stocks, ACWA POWER Co.(2082.SA) down 1%, Saudi Basic Industries Corp.(2010.SA) which lost 0.5%. The Saudi National Bank(1180.SA) lower by 0.7% and Al Rajhi Bank(1120.SA) down by 0.6%, Saudi Arabian Oil Co.(2222.SA) increasing 0.7%.
Notable News
Stock Jumps 3% As Cenomi Rebrands
Shareholders of Fawaz Abdulaziz Alhokair Co.(4240.SA) voted to change the company's name to AFG International and amend its articles of association. The stock once rose 5.12% as the assembly also ratified the appointment of six board members, including Hussein Shobokshi, for the term ending August 2026.
Al Rajhi Eyes Tier 1 Capital Boost
Al Rajhi Bank(1120.SA) announced its intention to issue US dollar-denominated Additional Tier 1 capital social sukuk to boost its capital base and support general banking purposes. The bank mandated a syndicate including Al Rajhi Capital, Goldman Sachs, and HSBC to manage the offering, which falls under its international program established in April 2024. Final terms and value will be determined by market conditions.
stc Launches $5 Billion Sukuk Program
Saudi Telecom Co.(7010.SA) announced its intention to issue USD-denominated international Trust Certificates under a newly established USD 5 billion program. Following board approval on September 30, 2025, the company mandated a syndicate including BNP Paribas and HSBC to manage the offering for general corporate purposes.
MIS Wins SAR 58.6M SEC Contract
Al Moammar Information Systems Co.(7200.SA) secured a SAR 58.6 million award to provide IT solutions for the Saudi Electricity Company, with the contract expected to be finalized in February. Concurrently, the company expanded its strategic portfolio by approving a SAR 23.75 million investment in Vision Bank. This participation funds the digital lender's capital increase from SAR 1.5 billion to SAR 3.0 billion, based on a pre-money valuation of SAR 3.2 billion.
Key Dividend Events
| Symbol | Announcement Date | Eligibility Date | Distribution Date | Dividend Amount |
| - | - | - | - | - |
Related reads: When will users receive dividends?
New 52-Week High before 1:20 pm
| Company | Price (SAR) |
|---|---|
| Almasane Alkobra Mining Co(1322.SA) | 93.90 |
Significant Volume Surge before 1:27 pm
Top Gainers before 1:27 pm
| Company | Price | Change |
|---|---|---|
| Almasane Alkobra Mining Co(1322.SA) | 93.50 | 6.24% |
| Electrical Industries Co.(1303.SA) | 11.10 | 5.6% |
| Fawaz Abdulaziz Alhokair Co.(4240.SA) | 18.98 | 5.07% |
| Saudi Arabian Mining Co.(1211.SA) | 63.90 | 4.59% |
| Al Masar Al Shamil Education Co.(6019.SA) | 25.80 | 4.44% |
Top Losers before 1:27 pm
| Company | Price | Change |
|---|---|---|
| Shatirah House Restaurant Co.(6016.SA) | 8.35 | -5.31% |
| National Company for Learning and Education(4291.SA) | 129.50 | -5.0% |
| Aldrees Petroleum and Transport Services Co.(4200.SA) | 122.20 | -3.71% |
| National Shipping Company of Saudi Arabia(4030.SA) | 25.36 | -3.53% |
| Riyad Bank(1010.SA) | 26.34 | -2.95% |