Market Movements Now | Saudi Market Sentiment Surges as 3 Stocks Hit 52-Week Highs

-0.85%

-1.39%

-1.34%

-2.30%

-2.13%

SAUDI ELECTRICITY 5110.SA	13.93	-0.85%
SAUDI CABLE 2110.SA	127.70	-1.39%
SPPC 4270.SA	8.07	-1.34%
CATRION 6004.SA	78.50	-2.30%
BURGERIZZR 6016.SA	15.17	-2.13%

Tadawul All Shares Index(TASI.SA) opened higher today, advancing approximately 1% as the index benefits from a clearer outlook following the U.S. election results (click to know more). This follows two consecutive days of testing the key 12,000 level, which has successfully held as a support. Currently, the 200-day Simple Moving Average (SMA) may present a potential short-term resistance, warranting close attention. Beyond this, the next resistance level is projected around 12,200.

Notable Earnings to Watch:

Saudi Electricity Co.(5110.SA)

FY2024 million SAR	Q3-Market Expectation	Q3-Released	Q2-Released
Sales/Revenue	26,266.00	28,316.00	22,379.34
Net profit (Loss)	3,580.00	4,688.21	2,158.61
Profit (Loss) per Share - Riyal	0.86	1.13	0.52

Significant Volume Surge after 10:30 am

Symbol	Price	Volume Change %	3M Average Volume	Today's Volume
Saudi Cable Co.(2110.SA)	82.70	15.91	129,685	150,318
Saudi Printing and Packaging Co.(4270.SA)	14.16	58.88	219,261	348,354
CATRION Catering Holding Co.(6004.SA)	124.00	43.99	167,506	241,185
Shatirah House Restaurant Co.(6016.SA)	20.96	219.71	524,667	1,677,415
Almunajem Foods Co.(4162.SA)	105.40	217.42	236,789	751,614
Wataniya Insurance Co.(8300.SA)	23.88	22.66	272,625	334,391
Saudi Electricity Co.(5110.SA)	17.16	102.09	1,310,678	2,648,699

New 52-Week High as of 11:10 am

Company	Price (SAR)
Electrical Industries Co.(1303.SA)	8.60
Saudi Ceramic Co.(2040.SA)	33.90
CHUBB Arabia Cooperative Insurance Co.(8240.SA)	51.00

Trending Ideas of the Day: TASI stocks

1. Shatirah House Restaurant Co.(6016.SA), Heat Score: 24.30K

Announcement from the Saudi Stock Exchange regarding the transfer and listing of the shares of Beit Al Shatira Fast Food Restaurants Company in the main market

2. SAB Invest Hang Seng Hong Kong ETF(9411.SA), Heat Score: 23.95K

3. SHL Finance Co.(1183.SA), Heat Score: 21.62K

Introduction: This hot symbol list (you can find full list within Sahm App) reflects the recent surge in stocks' popularity based on the popularity algorithm of Sahm App.

The heat score primarily user action data such as user searches, and stock detail page views within the App, combined with the news sentiment related to the underlying stocks, representing a short-term trend in emotion and attention.

Data update: The hot symbols are updated every hour, reflecting the surge in popularity in the previous 24 hours.

Sector Performance as of 11:20 am

Banks: +2.45%
Pharma, Biotech & Life Science: +2.14%
Capital Goods: +1.70%

Top Gainers as of 11:20 am

The top-performing stocks at this point include:

Saudi Electricity Co.(5110.SA) Saudi Electricity: +5.79%, trading at 17.18 SAR
Saudi Ceramic Co.(2040.SA) Saudi Ceramics: +5.44%, trading at 33.90 SAR
Saudi Printing and Packaging Co.(4270.SA) SPPC: +5.04%, trading at 14.18 SAR
Fawaz Abdulaziz Alhokair Co.(4240.SA) Cenomi Retail: +4.30%, trading at 13.10 SAR
Americana Restaurants International PLC - Foreign Company(6015.SA) Americana: +3.95%, trading at 2.37 SAR

- Reporting by Zaid, Sahm News team

More This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.