Market Movements Now | Tabuk (6040) Almost Up 10%; Banan (4324) +2% after Signs SAR 55M Deal, Expects H2 Revenue Impact; OPEC+ Set to Boost August Output
TADCO 6040.SA | 0.00 | |
GACO 6020.SA | 0.00 | |
ALRAJHI 1120.SA | 0.00 | |
SNB 1180.SA | 0.00 | |
MAADEN 1211.SA | 0.00 |
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TASI Mid-Market Update — July 5, 2026
Tadawul All Shares Index(TASI.SA) is trading lower by 0.2% on Sunday.
In the large-cap sector, Al Rajhi Bank(1120.SA) is down by 0.3%. The Saudi National Bank(1180.SA) is edging higher by 0.8%. Saudi Arabian Mining Co.(1211.SA) is holding steady. ACWA POWER Co.(2082.SA) is seeing a slight dip of 0.3%. Saudi Basic Industries Corp.(2010.SA) is edging higher by 0.2%. Saudi Arabian Oil Co.(2222.SA) is down by 0.15%.
Notable News
Banan Real Estate Signs SAR 55M Deal, Expects H2 Revenue Impact
Banan Real Estate Co.(4324.SA) signed an SAR 54.9 million contract with Afaq Al Qimma Al Rabiaa Al Mutatawera Company on July 2, 2026. The two-year project involves developing and marketing a hotel building in Al Rahmaniya. Banan Real Estate expects a positive financial impact starting in H2 2026.
OPEC+ Set to Boost August Output
OPEC+ is set to agree on an output increase of 188,000 barrels per day starting in August 2026 as the Strait of Hormuz gradually reopens for exports, sources with knowledge of the matter said, as reported by Reuters. Group production had previously fallen to 33.13 million barrels per day in May due to the regional war. Despite ongoing disruptions, Brent crude prices dropped near $72 per barrel on Friday.
Saudi Real Estate Rules Mandate E-Payments
Saudi Arabia is finalizing executive regulations for its foreign real estate ownership law, introducing mandatory e-payments and a unified transaction portal linked to the national registry. Non-resident buyers must obtain a digital identity, local bank account, and registered mobile number. Foreign companies and non-profits must register with designated ministries prior to acquisition.
Key Dividend Events
| Symbol | Announcement Date | Eligibility Date | Distribution Date | Dividend Amount |
|---|---|---|---|---|
| Southern Province Cement Co.(3050.SA) | 2026-03-31 | 2026-06-15 | 2026-07-05 | 0.25 |
Related reads: When will users receive dividends?
New 52-Week High before 11:28 am
| Symbol | 52W High Price |
|---|---|
| Al Moammar Information Systems Co.(7200.SA) | 235.70 |
| Alinma Retail REIT Fund(4345.SA) | 5.00 |
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Significant Volume Surge before 11:28 am
Top Gainers before 11:28 am
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Tabuk Agricultural Development Co.(6040.SA) | 7.89 | +9.89% |
| Al Gassim Investment Holding Co.(6020.SA) | 14.30 | +9.33% |
| Development Works Food Co.(6013.SA) | 105.00 | +6.71% |
| Al-Jouf Agricultural Development Co.(6070.SA) | 46.80 | +6.36% |
| Jazan Development and Investment Co.(6090.SA) | 9.00 | +5.88% |
Top Losers before 11:28 am
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Saudi Fisheries Co.(6050.SA) | 71.55 | -7.8% |
| Almarai Co.(2280.SA) | 45.34 | -3.9% |
| National Gas and Industrialization Co.(2080.SA) | 70.30 | -2.63% |
| Saudi Manpower Solutions Co.(1834.SA) | 6.14 | -2.54% |
| Jamjoom Pharmaceuticals Factory Co.(4015.SA) | 147.70 | -2.51% |