Market Movements Now | MESC (2370) Surges 10% With 779.73% Volume Spike; 7 Saudi Stocks Hit 52-Week Highs
EMAAR EC 4220.SA | 10.20 | +1.19% |
MESC 2370.SA | 29.50 | +2.22% |
ALRAJHI 1120.SA | 107.90 | +0.19% |
SAUDI ARAMCO 2222.SA | 27.20 | +0.82% |
GULF UNION ALAHLIA 8120.SA | 11.66 | +3.92% |
TASI Mid-Market Update — April 2, 2026
The Saudi Arabian benchmark index, Tadawul All Shares Index(TASI.SA), demonstrated resilience during Thursday's early trading session, gaining 0.1% to outperform broader regional trends. This positive movement occurred despite a general downturn across other Gulf markets, which reacted to heightened geopolitical tensions following recent statements regarding extended military operations in the region.
The index's upward trajectory was primarily supported by gains in heavyweight banking and energy stocks:
- Al Rajhi Bank(1120.SA): Recorded a 0.1% increase.
- Saudi Arabian Oil Co.(2222.SA): Advanced 0.3%, benefiting from a significant surge in global energy prices.
Oil prices rose approximately 7% on Thursday. The appreciation in crude remains driven by market concerns over potential supply chain disruptions and the escalation of regional conflict. While these factors weighed on adjacent Gulf exchanges, the TASI index maintained its momentum, buoyed by the strong performance of its energy-linked components.
Notable News
Gulf Union Al Ahlia Appoints Independent Director
Gulf Union Alahlia Cooperative Insurance Co.(8120.SA) appointed Abdulaziz Abdullah Al Naim as an independent director effective April 1, 2026. The MIT-educated CFA fills a vacancy for a term ending December 16, 2029. Following regulatory non-objection on March 31, the appointment now awaits final General Assembly ratification.
Key Dividend Events
| Symbol | Announcement Date | Eligibility Date | Distribution Date | Dividend Amount |
|---|---|---|---|---|
| Al Moammar Information Systems Co.(7200.SA) | 2026-03-31 | 2026-04-02 | 2026-04-12 | 0.80 |
| SEDCO CAPITAL REIT Fund(4344.SA) | 2026-01-06 | 2026-01-15 | 2026-04-02 | 0.1437 |
Related reads: When will users receive dividends?
New 52-Week High before 1:13 pm
Significant Volume Surge before 1:13 pm
| Symbol | Volume Change % | 3M Average Volume | Today's Volume So Far |
|---|---|---|---|
| Saudi Public Transport Co.(4040.SA) | +779.73% | 503,314 | 4,427,799 |
| Middle East Specialized Cables Co.(2370.SA) | +681.42% | 416,646 | 3,255,739 |
| Almunajem Foods Co.(4162.SA) | +424.5% | 134,908 | 707,598 |
| Miahona Co.(2084.SA) | +214.73% | 457,763 | 1,440,731 |
| Raydan Food Co.(6012.SA) | +204.71% | 53,236 | 162,218 |
| Saudi Pharmaceutical Industries and Medical Appliances Corp.(2070.SA) | +148.46% | 457,288 | 1,136,179 |
| Amlak International Finance Co.(1182.SA) | +139.22% | 159,284 | 381,034 |
| Jadwa REIT Saudi Fund(4342.SA) | +139.14% | 182,975 | 437,566 |
| Southern Province Cement Co.(3050.SA) | +126.57% | 70,276 | 159,224 |
| Tabuk Cement Co.(3090.SA) | +126.42% | 136,550 | 309,183 |
| Obeikan Glass Co.(4145.SA) | +125.08% | 278,371 | 626,568 |
| Middle East Pharmaceutical Industries Co.(4016.SA) | +116.78% | 59,198 | 128,330 |
| Saudi Steel Pipe Co.(1320.SA) | +95.44% | 236,255 | 461,726 |
| Rabigh Refining and Petrochemical Co.(2380.SA) | +87.24% | 4,391,665 | 8,223,068 |
| BAAN Holding Group Co.(1820.SA) | +86.26% | 3,908,948 | 7,280,623 |
Top Gainers before 1:13 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Emaar The Economic City(4220.SA) | 11.78 | +9.99% |
| Middle East Specialized Cables Co.(2370.SA) | 28.00 | +9.98% |
| Obeikan Glass Co.(4145.SA) | 27.04 | +6.12% |
| Yanbu National Petrochemical Co.(2290.SA) | 36.30 | +5.4% |
| Rabigh Refining and Petrochemical Co.(2380.SA) | 10.87 | +5.02% |
Top Losers before 1:13 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Raydan Food Co.(6012.SA) | 17.98 | -5.37% |
| Walaa Cooperative Insurance Co.(8060.SA) | 9.45 | -3.37% |
| Southern Province Cement Co.(3050.SA) | 22.44 | -2.73% |
| Gas Arabian Services Co.(4146.SA) | 14.16 | -2.68% |
| Qassim Cement Co.(3040.SA) | 42.92 | -2.59% |