Market Movements Now | Solutions (7202) Surges 10% after Grants 1:1 Bonus Share Issue; Retal Appoints (4322) New CEO; 3 Stocks to 52W Highs
SOLUTIONS 7202.SA | 226.60 | +2.07% |
SAUDI ARAMCO 2222.SA | 27.52 | -0.07% |
ALRAJHI 1120.SA | 109.20 | -0.09% |
SNB 1180.SA | 42.46 | -3.15% |
MAADEN 1211.SA | 71.40 | -1.92% |
TASI Mid-Market Update — April 13, 2026
The Saudi Arabian benchmark index Tadawul All Shares Index(TASI.SA) trades 0.9% higher in early trade on Monday, demonstrating resilience as most major Gulf markets declined. This divergence follows Washington's announcement of a maritime blockade on traffic to and from Iranian ports after weekend negotiations failed to reach a resolution regarding the regional conflict.
The index's performance was supported by a 1% rise in Saudi Arabian Oil Co.(2222.SA), amid a significant surge in energy prices. Brent crude futures increased by 7.3% to $102 a barrel, reflecting a gain of over 40% since disruptions began in the Strait of Hormuz. Saudi Arabia’s relative stability in the face of regional volatility is attributed to its capacity to reroute oil exports and maintain critical infrastructure.
Domestic energy logistical capabilities were further bolstered as the East-West pipeline returned to its full pumping capacity of approximately 7 million barrels per day following repairs to damage sustained during the conflict. Additionally, market sentiment is framed by firming oil prices, with recent analysis indicating that the kingdom’s estimated oil revenue for March rose on a year-on-year basis.
In the large-cap sector, Al Rajhi Bank(1120.SA) is holding steady. The Saudi National Bank(1180.SA) is rallying, 2.10%. Saudi Arabian Mining Co.(1211.SA) is surging by 2.58%. ACWA POWER Co.(2082.SA) is posting a gain of 0.60%. Saudi Basic Industries Corp.(2010.SA) is advancing 0.84%.
Notable News
Solutions Surges 10% after Grants 1:1 Bonus Share Issue
Arabian Internet and Communications Services Co.(7202.SA) (solutions) recommended a 100% capital increase to SAR 2.4 billion by issuing 120 million bonus shares. The board plans to capitalize SAR 1.2 billion from retained earnings to fund regional expansion and seize Saudi IT sector opportunities. Existing shareholders will receive one share for every share held, pending regulatory and Extraordinary General Assembly approval. The stock surges nearly 10% on the news.
Retal Appoints Kamal Ahmed New CEO
Retal Urban Development co.(4322.SA) appointed Eng. Kamal bin Ahmed as CEO and Eng. Abdullah AlBraikan as Managing Director, effective April 13, 2026. The transition follows AlBraikan’s tenure since 2012 and aims to enhance corporate governance. Ahmed, previously a Bahraini Minister for eleven years, will lead the company’s strategic expansion and ensure long-term business sustainability.
Key Dividend Events
| Symbol | Announcement Date | Eligibility Date | Distribution Date | Dividend Amount |
|---|---|---|---|---|
| Yamama Cement Co.(3020.SA) | 2026-02-16 | 2026-04-13 | 2026-05-03 | 1.00 |
Related reads: When will users receive dividends?
New 52-Week High before 12:51 pm
| Symbol | 52W High Price |
|---|---|
| East Pipes Integrated Company for Industry(1321.SA) | 183.00 |
| Saudi Energy Co.(5110.SA) | 17.48 |
| SABIC Agri-Nutrients Co.(2020.SA) | 156.40 |
Significant Volume Surge before 12:51 pm
| Symbol | Volume Change % | 3M Average Volume | Today's Volume So Far |
|---|---|---|---|
| Almoosa Health Co.(4018.SA) | +286.34% | 36,035 | 139,218 |
| Wafrah for Industry and Development Co.(2100.SA) | +247.59% | 100,299 | 348,632 |
| Gulf Union Alahlia Cooperative Insurance Co.(8120.SA) | +173.81% | 115,410 | 316,007 |
| Saudi Arabian Amiantit Co.(2160.SA) | +158.38% | 429,099 | 1,108,702 |
| Theeb Rent a Car Co.(4261.SA) | +132.71% | 419,133 | 975,369 |
| Arabian Internet and Communications Services Co.(7202.SA) | +127.8% | 181,083 | 412,508 |
| Mobile Telecommunication Company Saudi Arabia(7030.SA) | +98.77% | 1,857,898 | 3,692,908 |
| Anaam International Holding Group(4061.SA) | +90.85% | 358,686 | 684,558 |
| Advanced Building Industries Co.(2240.SA) | +80.08% | 459,678 | 827,778 |
| Al-Omran Industrial Trading Co.(4141.SA) | +57.64% | 54,678 | 86,194 |
| Yamama Cement Co.(3020.SA) | +49.65% | 534,311 | 799,589 |
| Etihad GO Telecom Co.(7040.SA) | +45.55% | 241,181 | 351,029 |
| Fourth Milling Co.(2286.SA) | +42.33% | 1,552,963 | 2,210,381 |
Top Gainers before 12:51 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Arabian Internet and Communications Services Co.(7202.SA) | 218.50 | +9.52% |
| Almoosa Health Co.(4018.SA) | 143.80 | +6.36% |
| SABIC Agri-Nutrients Co.(2020.SA) | 155.50 | +3.87% |
| Wafrah for Industry and Development Co.(2100.SA) | 22.00 | +3.68% |
| Mobile Telecommunication Company Saudi Arabia(7030.SA) | 11.89 | +3.57% |
Top Losers before 12:51 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Gulf Union Alahlia Cooperative Insurance Co.(8120.SA) | 11.35 | -2.99% |
| Saudi Industrial Export Co.(4140.SA) | 2.34 | -2.5% |
| Saudi Industrial Investment Group(2250.SA) | 14.10 | -2.35% |
| Raydan Food Co.(6012.SA) | 17.85 | -2.35% |
| Batic Investments and Logistics Co.(4110.SA) | 2.24 | -2.18% |