Market Movements Now | Tanmiah (2281) Q2 Profit Surges 3,700% YoY; Mutakamela (8040) Jumps 10% Near 52-Week High, Joining 4 Other Stocks at New Peaks
MUTAKAMELA 8040.SA | 0.00 | |
ACIG 8150.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 — Aug 9, 2026
Following last Thursday's decline, the Saudi Tadawul All Shares Index(TASI.SA) posted a mild rebound today, rising 0.37%. Market participants are closely monitoring the key resistance level at the overhead 50-day simple moving average (SMA50).
In the large-cap sector, Al Rajhi Bank(1120.SA) is edging higher by 0.70%. The Saudi National Bank(1180.SA) is higher by 0.5%. Saudi Arabian Mining Co.(1211.SA) is surging by 2.8%. ACWA POWER Co.(2082.SA) is under pressure, dropping 2.6%. Saudi Basic Industries Corp.(2010.SA) is advancing 0.89%. Saudi Arabian Oil Co.(2222.SA) is trading higher by 0.6%.
Notable News
Budget Saudi Dividend Set at 0.5 SAR
United International Transportation Co.(4260.SA) (Budget Saudi) board approved a total interim cash dividend of SAR 52.1 million for H1 2026, translating to SAR 0.5 per share or 5% of nominal value. Eligibility is set for August 13, 2026, with distributions scheduled for September 1, 2026. The company's stock rose 5.6% at the time of this reporting.
Tanmiah Q2 Profit Surges 3700% YoY
Tanmiah Food Co(2281.SA) reported a Q2 2026 net profit of SAR 19.0 million, surging from SAR 0.5 million a year earlier, driven by improved poultry pricing, operational savings, and a 21.5% YoY revenue increase to SAR 789.2 million. H1 2026 net profit fell 8.2% YoY to SAR 17.8 million due to higher financing and input costs. The company's shares rose 4.67% following the announcement.
Saudi Advanced Industries Reverses to Q2 Profit
Saudi Advanced Industries Co.(2120.SA) (SAIC) reported a Q2 2026 net profit of SAR 7.47 million, reversing a net loss of SAR 115.39 million in Q2 2025. The turnround was driven by higher share of associate profits, increased dividend income, and lower general and administrative expenses. For H1 2026, net profit reached SAR 14.9 million, up from a loss of SAR 110.14 million a year earlier. SAIC shares rose 5.27% following the announcement.
Key Dividend Events
| Symbol | Announcement Date | Eligibility Date | Distribution Date | Dividend Amount |
|---|---|---|---|---|
| Dallah Healthcare Co.(4004.SA) | 2026-08-04 | 2026-08-09 | 2026-08-27 | 0.50 |
| Naqi Water Co.(2282.SA) | 2026-07-12 | 2026-07-30 | 2026-08-09 | 1.00 |
Related reads: When will users receive dividends?
New 52-Week High before 11:55 am
Significant Volume Surge before 11:55 am
Top Gainers before 11:55 am
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Mutakamela Insurance Co.(8040.SA) | 14.19 | +10.0% |
| Allied Cooperative Insurance Group(8150.SA) | 8.21 | +8.17% |
| United International Transportation Co.(4260.SA) | 29.22 | +5.64% |
| Wataniya Insurance Co.(8300.SA) | 14.57 | +5.5% |
| Saudi Advanced Industries Co.(2120.SA) | 16.78 | +5.2% |
Top Losers before 11:55 am
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Arabian Contracting Services Co.(4071.SA) | 74.70 | -8.74% |
| Modern Mills for Food Products Co.(2284.SA) | 28.74 | -4.58% |
| Red Sea International Co.(4230.SA) | 23.12 | -4.46% |
| Saudi Arabian Amiantit Co.(2160.SA) | 12.20 | -3.33% |
| Aldawaa Medical Services Co.(4163.SA) | 39.30 | -3.25% |