Market Movements Now | Marafiq (2083) Jumps 8% after Q1 Earnings; US-Iran Deal Rumors Plunge Oil Prices for 6%; Fakeeh Care (4017) Approves 75.9M Riyal Dividend
ARABIAN MILLS 2285.SA | 0.00 | |
MARAFIQ 2083.SA | 0.00 | |
MAADEN 1211.SA | 0.00 | |
RETAL 4322.SA | 0.00 | |
ALRAJHI 1120.SA | 0.00 |
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TASI Mid-Market Update — May 6, 2026
The Saudi Exchange (Tadawul All Shares Index(TASI.SA)) benchmark index rose 0.35% during early Wednesday trading, with most constituents operating in positive territory. The market's upward movement was supported by gains in the information technology, materials, and healthcare sectors, as investors focused on corporate earnings despite significant volatility in global energy markets.
Global oil prices experienced a sharp decline on Wednesday following reports from Axios that the U.S. and Iran are nearing a memorandum of understanding to end regional conflict. Brent crude futures for July delivery fell 6% to $103.22 per barrel, while U.S. West Texas Intermediate (WTI) futures dropped 6.7% to $95.42 per barrel.
Sentiment was further influenced by the holding of a fragile ceasefire and comments regarding a pause in operations escorting ships through the Strait of Hormuz, a critical waterway for global energy supplies.
Individual equity movements were largely driven by first-quarter financial results:
- Arabian Mills for Food Products Co.(2285.SA): Shares surged 8% following the announcement of a 32% increase in first-quarter net profit, which rose to 84.9 million riyals compared to 63.9 million riyals in the previous year.
- Saudi Arabian Mining Co.(1211.SA) (Ma'aden): The stock once added 4.5% during the early session.
- Retal Urban Development co.(4322.SA): The developer’s shares slipped 3.5% after reporting a 13% decline in first-quarter net profit, falling to 59 million riyals from 68 million riyals in the corresponding period of 2025.
In the large-cap sector, Al Rajhi Bank(1120.SA) is posting a gain of 0.30%. The Saudi National Bank(1180.SA) is edging higher by 0.5%. Saudi Arabian Mining Co.(1211.SA) is rallying, 3.5%. ACWA POWER Co.(2082.SA) is edging higher by 0.3%. Saudi Basic Industries Corp.(2010.SA) is down by 1%. Saudi Arabian Oil Co.(2222.SA) also lost more than 1%.
Notable News
Marafiq Jumps 8% after Q1 Earnings
The Power and Water Utility Company for Jubail and Yanbu(2083.SA) posted a Q1 2026 net profit of 127.56 million SAR, an 8.15% increase, as total revenue grew 6.49% to 1.81 billion SAR. This performance was primarily driven by higher industrial sector water and gas tariffs, offsetting lower subsidiary power revenues. Higher production fuel costs and credit loss provisions simultaneously impacted operations, pulling the quarter's operating profit down by 3.72%.
Arabian Mills Net Profit Soars 33%
Arabian Mills for Food Products Co.(2285.SA) reported a 32.76% year-over-year increase in Q1 net profit to 84.89 million SAR, alongside a 10.05% expansion in total revenue reaching 272.73 million SAR. This robust performance was driven by surging B2C flour demand and highly competitive bran pricing. Sequentially, early loan repayments and operational efficiencies lifted net profit 49.07%, effectively overcoming flat revenue caused by seasonal flour fluctuations. The stock up more than 8% today.
Fakeeh Care Approves 75.9M Riyal Dividend
Dr. Soliman Abdel Kader Fakeeh Hospital Co.(4017.SA) reported a 46.86% drop in Q1 net profit to SAR 38.41 million, despite revenue rising to SAR 724.15 million. This decline was driven by reduced operating days during Ramadan and Eid. Concurrently, the company announced a SAR 1.59 billion acquisition of Al Fagih Company and a SAR 75.9 million dividend (SAR 0.33/share). The acquisition will triple its Riyadh hospital bed capacity.
Key Dividend Events
| Symbol | Announcement Date | Eligibility Date | Distribution Date | Dividend Amount |
|---|---|---|---|---|
| Savola Group(2050.SA) | 2026-03-08 | 2026-05-06 | 2026-05-21 | 1.70 |
Related reads: When will users receive dividends?
New 52-Week High before 12:23 pm
No new-high data available yet for today.
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Significant Volume Surge before 12:23 pm
Top Gainers before 12:23 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Arabian Mills for Food Products Co.(2285.SA) | 43.36 | +8.78% |
| The Power and Water Utility Company for Jubail and Yanbu(2083.SA) | 36.98 | +7.88% |
| Gulf Insurance Group(8250.SA) | 26.68 | +6.76% |
| Dr. Soliman Abdel Kader Fakeeh Hospital Co.(4017.SA) | 36.12 | +5.06% |
| The Company for Cooperative Insurance(8010.SA) | 135.60 | +5.03% |
Top Losers before 12:23 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Wataniya Insurance Co.(8300.SA) | 13.72 | -7.36% |
| Retal Urban Development Co.(4322.SA) | 13.88 | -6.97% |
| Riyadh Cables Group Co.(4142.SA) | 124.70 | -3.86% |
| Allied Cooperative Insurance Group(8150.SA) | 6.46 | -3.58% |
| Gulf Union Alahlia Cooperative Insurance Co.(8120.SA) | 11.22 | -3.28% |