Market Movements Now | Saudi Arabia Weighs 2 Million BPD Expansion; Jarir Marketing (4190) in Strong Uptrend Hits 52W High
SSP 1320.SA | 0.00 | |
APC 2200.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 — July 7, 2026
Major equity markets in the Gulf region demonstrated mixed performance during early trading on Tuesday, as regional investors evaluated upcoming corporate earnings disclosures alongside broader macroeconomic headwinds, including lower global crude prices and renewed geopolitical developments between the United States and Iran.
The Saudi Arabian benchmark index (Tadawul All Shares Index(TASI.SA)) edged up 0.02% in early transactions.
The soft market sentiment follows the Kingdom's official selling price (OSP) adjustments announced on Monday. Saudi Arabia lowered its August official selling price for its flagship Arab Light crude to Asian buyers to $1.50 per barrel below the Oman/Dubai average, representing an $11.00 per barrel reduction compared to the previous month. OSPs for four other secondary crude grades produced by the Kingdom were also cut by $11.00 per barrel. Shares of state oil giant Saudi Arabian Oil Co.(2222.SA) managed an early gain of 0.35%.
In the large-cap sector, Al Rajhi Bank(1120.SA) is seeing a slight dip of 0.38%. The Saudi National Bank(1180.SA) is easing by 0.7%. Saudi Arabian Mining Co.(1211.SA) is retreating by 0.4%. ACWA POWER Co.(2082.SA) is advancing 1.45%. Saudi Basic Industries Corp.(2010.SA) is holding steady.
Notable News
Saudi Arabia Weighs 2M BPD Expansion
Saudi Arabia is considering expanding its East-West pipeline capacity by up to 2 million barrels per day to bypass the blockaded Strait of Hormuz. State-backed Saudi Arabian Oil Co.(2222.SA) held preliminary talks with neighbors like Kuwait to accommodate their barrels. The expansion of the current 7 million barrels per day line will cost billions and take years.
Key Dividend Events
| Symbol | Announcement Date | Eligibility Date | Distribution Date | Dividend Amount |
|---|---|---|---|---|
| Alinma Retail REIT Fund(4345.SA) | 2026-07-01 | 2026-07-07 | - | 0.19 |
| Alinma Hospitality REIT Fund(4349.SA) | 2026-07-01 | 2026-07-07 | - | 0.32 |
Related reads: When will users receive dividends?
New 52-Week High before 12:14 pm
| Symbol | 52W High Price |
|---|---|
| Jarir Marketing Co.(4190.SA) | 17.61 |
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Significant Volume Surge before 12:14 pm
| Symbol | Volume Change % | 3M Average Volume | Today's Volume So Far |
|---|---|---|---|
| Saudi Paper Manufacturing Co.(2300.SA) | +425.19% | 113,414 | 595,634 |
| YAQEEN PETROCHEMICAL ETF(9401.SA) | +365.77% | 1,189 | 5,538 |
| Allied Cooperative Insurance Group(8150.SA) | +182.25% | 376,879 | 1,063,743 |
| Saudi Fisheries Co.(6050.SA) | +131.05% | 386,633 | 893,331 |
| Saudi Steel Pipe Co.(1320.SA) | +122.25% | 423,726 | 941,737 |
| Ash-Sharqiyah Development Co.(6060.SA) | +122.17% | 466,001 | 1,035,300 |
| Red Sea International Co.(4230.SA) | +59.53% | 1,242,655 | 1,982,448 |
| Albilad MSCI US Tech. ETF(9407.SA) | +55.99% | 12,912 | 20,141 |
| Tabuk Agricultural Development Co.(6040.SA) | +55.48% | 468,969 | 729,130 |
| Saudi Enaya Cooperative Insurance Co.(8311.SA) | +51.43% | 612,215 | 927,052 |
| Al-Etihad Cooperative Insurance Co.(8170.SA) | +46.4% | 274,125 | 401,309 |
| Nama Chemicals Co.(2210.SA) | +32.15% | 87,876 | 116,132 |
| Saudi Darb Investment Co.(4130.SA) | +15.93% | 6,502,531 | 7,538,160 |
| Wafrah for Industry and Development Co.(2100.SA) | +15.03% | 304,665 | 350,456 |
| Mutakamela Insurance Co.(8040.SA) | +14.58% | 245,588 | 281,393 |
Top Gainers before 12:14 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Saudi Steel Pipe Co.(1320.SA) | 52.85 | +7.86% |
| Arabian Pipes Co.(2200.SA) | 7.11 | +6.44% |
| East Pipes Integrated Company for Industry(1321.SA) | 218.80 | +5.65% |
| Rabigh Refining and Petrochemical Co.(2380.SA) | 13.72 | +4.81% |
| Saudi Paper Manufacturing Co.(2300.SA) | 63.95 | +4.66% |
Top Losers before 12:14 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Saudi Industrial Export Co.(4140.SA) | 2.35 | -2.49% |
| Ataa Educational Co.(4292.SA) | 48.82 | -2.36% |
| Al Gassim Investment Holding Co.(6020.SA) | 13.23 | -2.22% |
| United International Holding Co.(4083.SA) | 34.58 | -2.1% |
| Halwani Bros. Co.(6001.SA) | 32.56 | -1.93% |