Market Movements Now | MEDGULF Rated Buy, Target SAR 22.28 (+43% Upside); Flynas Target Set at SAR 79 (+25% Upside); Luberef Jumps 3% Amid SAR 4.5/share Payouts
THIMAR 4160.SA | 0.00 | |
JAHEZ 6017.SA | 0.00 | |
Tadawul All Shares Index TASI.SA | 0.00 | |
SAUDI ARAMCO 2222.SA | 0.00 | |
MAADEN 1211.SA | 0.00 |
TASI Mid-Market Update — February 8, 2026
The Saudi Stock Exchange Tadawul All Shares Index(TASI.SA) exhibited a "high-open, low-close" intraday pattern during today's session. After an initial upward gap at the open, the index retraced its gains to trade near the previous session's closing level of 11,188.73.
Despite the intraday volatility, the broader medium-term outlook remains technically constructive. This is characterized by a "Golden Cross" formation, where the 20-day Exponential Moving Average (EMA20) recently crossed above the 200-day Simple Moving Average (SMA200), signaling a sustained shift in momentum.
Market participants are closely monitoring immediate support levels to determine if the current retracement is a consolidation phase within the established uptrend.
With the large caps, Saudi Arabian Oil Co.(2222.SA) lower by 0.3%, while Saudi Arabian Mining Co.(1211.SA) rises 0.4%.
Al Rajhi Bank(1120.SA) increases by 0.25%, ACWA POWER Co.(2082.SA) up by 0.6%, while The Saudi National Bank(1180.SA) trades 1.52% higher.
Notable News
MEDGULF Rated Buy At SAR 22.28
Alawwal Capital initiated coverage on The Mediterranean and Gulf Insurance and Reinsurance Co.(8030.SA) with a "Buy" rating and SAR 22.28 fair value, citing its Buruj merger. Analysts forecast net profit rising to SAR 437 million by 2030, with revenues hitting SAR 9.11 billion as accumulated losses vanish by year-end 2025, they also expects MEDGULF’s market share to rise from 5.9% in 2026 to 6.75% by 2030.
Flynas Price Target Hits 79 Riyals
Flynas Co.(4264.SA) shares surged more than 3%, outperforming the TASI after announcing a 49%-owned joint venture in Syria. With operations starting Q4 2026, the stock maintains a median 79 riyal price target (by LSEG data) as Saudi investment expands into regional aviation and energy sectors.
Dar Alarkan Redeems 400M Sukuk
Dar Alarkan Real Estate Development Co.(4300.SA) has finalized the 100% redemption of its $400 million Series 8 Islamic Sukuk. Utilizing internal resources to settle 400,000 units at par value, the company confirmed the transaction’s financial impact will be consolidated within its upcoming Q1 2026 results.
Luberef Jumps 3% Amid SAR 4.5/share Payouts
Saudi Aramco Base Oil Co.(2223.SA) reported a 12% decline in annual net profit to SAR 855.3 million for 2025, pressured by a 19.2% revenue drop to SAR 8.1 billion due to Yanbu facility maintenance. Despite lower volumes, the board recommended a SAR 3.5 per share H2 dividend. This will bring the total dividend distribution for 2025 to SAR 4.5 per share, which is approximately 70% of free cash flow in alignment with the Company's performance-linked Dividend Policy.
| Element List | Current Year | Previous Year | %Change |
|---|---|---|---|
| Sales/Revenue | 8,103,355 | 10,035,854 | -19.25 |
| Gross Profit (Loss) | 1,178,772 | 1,335,625 | -11.74 |
| Operational Profit (Loss) | 890,432 | 1,000,645 | -11.01 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 855,315 | 972,028 | -12.01 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 870,917 | 975,659 | -10.73 |
| Total Shareholders Equity (after Deducting Minority Equity) | 4,582,446 | 4,397,459 | 4.21 |
| Profit (Loss) per Share | 5.08 | 5.78 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
Key Dividend Events
| Symbol | Announcement Date | Eligibility Date | Distribution Date | Dividend Amount |
| - | - | - | - | - |
Related reads: When will users receive dividends?
New 52-Week High before 12:20 pm
| Symbol | 52W High Price |
|---|---|
| - | - |
Significant Volume Surge before 12:20 pm
| Symbol | Volume Change% | 3M Average Volume | Today's Volume So Far |
|---|---|---|---|
| Thimar Development Holding Co.(4160.SA) | 148.56% | 183,779 | 456,810 |
| Saudi Pharmaceutical Industries and Medical Appliances Corp.(2070.SA) | 141.32% | 261,740 | 631,626 |
| Saudi Marketing Co.(4006.SA) | 109.76% | 44,143 | 92,594 |
| Flynas Co.(4264.SA) | 69.46% | 587,303 | 995,257 |
| Dar Al Majed Real Estate Co.(4326.SA) | 29.21% | 789,154 | 1,019,665 |
| Naseej International Trading Co.(1213.SA) | 28.04% | 371,169 | 475,260 |
| The Mediterranean and Gulf Insurance and Reinsurance Co.(8030.SA) | 17.68% | 959,702 | 1,129,390 |
| Al Moammar Information Systems Co.(7200.SA) | 15.11% | 91,243 | 105,034 |
Top Gainers before 12:20 pm
| Company | Price | Change |
|---|---|---|
| Thimar Development Holding Co.(4160.SA) | 38.38 | 6.79% |
| Jahez International Company for Information System Technolog(6017.SA) | 14.09 | 4.68% |
| The Mediterranean and Gulf Insurance and Reinsurance Co.(8030.SA) | 15.62 | 3.93% |
| Rasan Information Technology Co.(8313.SA) | 138.70 | 3.58% |
| Flynas Co.(4264.SA) | 62.90 | 3.11% |
Top Losers before 12:20 pm
| Company | Price | Change |
|---|---|---|
| The Company for Cooperative Insurance(8010.SA) | 134.20 | -2.04% |
| Saudi Awwal Bank(1060.SA) | 35.10 | -1.96% |
| AFG International Co.(4240.SA) | 16.85 | -1.86% |
| TALEEM REIT FUND(4333.SA) | 10.20 | -1.83% |
| Mulkia Gulf Real Estate REIT(4336.SA) | 4.56 | -1.72% |