Market Movements Now | SVCP (2360) Surges 10% to Hit Upper Limit for Day Two; TASI Continues Its Breakout; RFAI’s Premarket Move After Its 355.62% Surge
SVCP 2360.SA | 0.00 | |
RF Acquisition Corp II RFAI | 0.00 | |
Tadawul All Shares Index TASI.SA | 0.00 | |
ALRAJHI 1120.SA | 0.00 | |
SNB 1180.SA | 0.00 |
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TASI Mid-Market Update — Aug 24, 2026
Tadawul All Shares Index(TASI.SA) continues its breakout for a second consecutive day, advancing by 0.78% to reach its June high.
Crude oil prices retreated during Monday's trading session as investors engaged in profit-taking following consecutive weekly gains of over 5%. The market adjustment occurs ahead of an anticipated U.S. policy announcement regarding heightened economic sanctions on Iran.
Brent Crude: Declined by 1.75% to $92.74 per barrel.
Anticipated U.S. Sanctions: Market participants are awaiting details from U.S. Treasury Secretary Scott Bessent regarding measures designed to economically isolate Iran, which may include secondary sanctions on international trading partners.
Strait of Hormuz Bottleneck: Diplomatic stalemates continue to restrict transit through the Strait of Hormuz. Recent weekend shipping data indicated that fewer than 20 commodity vessels transited the critical chokepoint.
Trade Adjustments: The ongoing blockade has reduced Iranian shipments, prompting a decline in crude offers to international buyers and elevating prices. However, Iran recently permitted a limited number of Iraqi tankers to navigate the strait following requests from Baghdad.
Tightening Global Inventories: Analysts at Morgan Stanley highlight an intensifying constraint on global crude supplies. Data indicates significant declines in both oil-on-water and onshore inventories (including within China), with aggregate Middle Eastern exports reverting to volume levels last observed in March and April.
In the large-cap sector, Al Rajhi Bank(1120.SA) is rallying, 2.19%. The Saudi National Bank(1180.SA) is edging higher by 0.75%. Saudi Arabian Mining Co.(1211.SA) is holding steady. ACWA POWER Co.(2082.SA) and Saudi Basic Industries Corp.(2010.SA) are both trading higher, moving 1.33% and 1.30% respectively. Saudi Arabian Oil Co.(2222.SA) is posting a gain of 0.38%.
Whereas in the US, the Last Close Top 10 Gainers — Pre-Market Update (Aug 24, 2026):
| Stocks | Last Close Chg (%) | Pre-Market Price | Pre-Market Chg (%) | 5-Day Changes | YTD Changes |
| RF Acquisition Corp II(RFAI.US) | 355.62% | 38.99 | -32.78% | 422.99% | 439.53% |
| Werewolf Therapeutics, Inc.(HOWL.US) | 102.57% | 0.8446 | -3.31% | 115.84% | 37.88% |
| StablecoinX, Inc. Class A(USDE.US) | 85.25% | 7.271 | -1.87% | 152.90% | -37.20% |
| Knorex Ltd. Class A(KNRX.US) | 57.58% | 0.412 | -20.77% | 54.21% | -66.66% |
| Sadot Group Inc.(SDOT.US) | 56.16% | 17.73 | 34.52% | 12.27% | -45.54% |
| Leverage Shares 2x Long CRML Daily ETF(CRMU.US) | 46.91% | 2.24 | -5.88% | 8.81% | -84.39% |
| AIAI Holdings Corporation Class A(AIAI.US) | 46.14% | 6.41 | -3.17% | 12.59% | -44.83% |
| Tradr 2X Long CRML Daily ETF(CRMX.US) | 45.79% | 5.51 | -0.54% | 8.84% | -92.29% |
| Exyn Technologies, Inc.(EXYN.US) | 39.87% | 2.1 | -4.98% | -18.45% | -71.48% |
| Lisata Therapeutics, Inc.(LSTA.US) | 38.39% | 1.567 | 1.10% | 42.20% | -16.67% |
Notable News
4.98% Move Follows Northern Region Cement Dividend
Northern Region Cement Co.(3004.SA) approved a 45 million SAR cash dividend for H1 2026, paying 0.25 SAR per share (2.5% of par value). The eligibility date is August 27, 2026, with distribution scheduled for September 3, 2026. Company shares rose 4.98% following the announcement.
Key Dividend Events
| Symbol | Announcement Date | Eligibility Date | Distribution Date | Dividend Amount |
|---|---|---|---|---|
| CATRION Catering Holding Co.(6004.SA) | 2026-08-02 | 2026-08-24 | 2026-09-13 | 1.00 |
Related reads: When will users receive dividends?
New 52-Week High before 12:08 pm
| Symbol | 52W High Price |
|---|---|
| Banque Saudi Fransi(1050.SA) | 21.29 |
Significant Volume Surge before 12:08 pm
Top Gainers before 12:08 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Saudi Vitrified Clay Pipes Co.(2360.SA) | 21.34 | +10.0% |
| Gulf General Cooperative Insurance Co.(8260.SA) | 4.20 | +6.33% |
| Naseej International Trading Co.(1213.SA) | 26.00 | +6.12% |
| Methanol Chemicals Co.(2001.SA) | 33.24 | +5.86% |
| Northern Region Cement Co.(3004.SA) | 7.01 | +5.73% |
Top Losers before 12:08 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| National Medical Care Co.(4005.SA) | 126.20 | -3.66% |
| National Gas and Industrialization Co.(2080.SA) | 59.60 | -2.53% |
| SAB Invest Hang Seng Hong Kong ETF(9411.SA) | 12.92 | -1.3% |
| Saudi Cable Co.(2110.SA) | 177.00 | -1.12% |
| National Shipping Company of Saudi Arabia(4030.SA) | 36.90 | -1.07% |