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Market Movements Now | SOLUTIONS (7202) Beats Earnings Forecasts, Announces Huge SAR 10 Dividend, Shares Climb Over 5%; 2 Saudi Stocks Hit 52-Week High
SOLUTIONS -1.62%
ARTEX -1.27%
ANAAM HOLDING -2.22%
AYYAN +0.46%
NASEEJ -2.14%
SOLUTIONS 7202.SA | 224.60 | -1.62% |
ARTEX 2340.SA | 10.90 | -1.27% |
ANAAM HOLDING 4061.SA | 11.87 | -2.22% |
AYYAN 2140.SA | 12.99 | +0.46% |
NASEEJ 1213.SA | 40.30 | -2.14% |
The Tadawul All Shares Index(TASI.SA) retraced from its highs last week, with a stabilization observed near the 20 EMA. Yesterday, there was an attempt to gain upward momentum during the session, but it was suppressed by the key level at 12,440, leading to a decline. Today, the index has continued its downward movement after the opening, breaking below the 20 EMA and is now hovering near the critical level of 12,320. This area is worth monitoring for further developments.
Notable News
SOLUTIONS Delivers Better-than-Expected Annual Earnings, Stock Up Over 5%
After the announcement of its annual consolidated financial results and the recommendation for dividend distribution, Arabian Internet and Communications Services Co.(7202.SA) (SOLUTIONS) saw a notable increase in its stock price, rising by more than 5% after the opening of trading today.
Key Financial Highlights for the Year Ended 31-12-2024:
- Revenue: SAR 12,064 million (up 9.28% from the previous year).
- Net Profit: SAR 1,597 million (up 33.98% from the previous year).
- Earnings per Share: SAR 13.42, up from SAR 10.02.
- EBITDA: SAR 1,948 million (up 16.7% from the previous year).
Dividend Announcement Details:
- Ordinary Cash Dividend: SAR 8.0 per share, totaling SAR 952 million.
- Special Cash Dividend: SAR 2.0 per share, totaling SAR 238 million.
- Total Cash Dividends: SAR 10.0 per share, amounting to SAR 1,190 million.
- Eligibility Date: Shareholders must be registered by the end of the 2nd trading day following the company's Annual General Assembly meeting, which will be announced later.
- Distribution Date: To be announced later.
FY2024 million SAR | Q3 | Q4-Market Expectation | Q4 |
| Sales/Revenue | 2,753.16 | 3,417.13 | 3,730.00 |
| Net profit (Loss) Before Unusual Items | 390.40 | 277.89 | 327.40 |
| EPS | 3.25 | 2.32 | 2.73 |
Significant Volume Surge after 10:30 am
| Symbol | Volume Change% | 3M Average Volume | Today's Volume So Far |
| ARTEX Industrial Investment Co.(2340.SA) | 36.89% | 109,172 | 149,450 |
| Anaam International Holding Group(4061.SA) | 19.89% | 855,831 | 1,026,085 |
| AYYAN Investment Co.(2140.SA) | 7.80% | 703,497 | 758,403 |
| Arabian Internet and Communications Services Co.(7202.SA) | 109.48% | 163,988 | 343,519 |
New 52-Week High as of 10:36 am
| Company | Price (SAR) |
|---|---|
| Naseej International Trading Co.(1213.SA) | 115.40 |
| Dar Alarkan Real Estate Development Co.(4300.SA) | 18.06 |
Sector Performance as of 10:39 am
- Pharma, Biotech & Life Science: +0.77%
- Software & Services: +0.50%
- Food & Beverages: +0.04%
Top Gainers as of 10:39 am
The top-performing stocks at this point include:
| Stock | Price (SAR) | % Change |
|---|---|---|
| Arabian Internet and Communications Services Co.(7202.SA) | 337.20 | +5.51% |
| ARTEX Industrial Investment Co.(2340.SA) | 15.54 | +2.24% |
| Jamjoom Pharmaceuticals Factory Co.(4015.SA) | 163.80 | +2.12% |
| AYYAN Investment Co.(2140.SA) | 17.82 | +1.95% |
| Nice One Beauty Digital Marketing Co.(4193.SA) | 67.40 | +1.66% |
Top Losers as of 10:39 am
| Stock | Price (SAR) | % Change |
|---|---|---|
| Anaam International Holding Group(4061.SA) | 25.35 | -3.24% |
| Middle East Healthcare Co.(4009.SA) | 81.70 | -2.39% |
| Mutakamela Insurance Co.(8040.SA) | 17.66 | -2.00% |
| National Medical Care Co.(4005.SA) | 168.60 | -1.98% |
| National Gas and Industrialization Co.(2080.SA) | 109.20 | -1.97% |
- Reporting by Zaid, Sahm News team
