Market Movements Now | TASI Extending Gains, 270+ Stocks on the Rise; ADES (2382) Assets Unaffected by Regional Tensions; Alujain (2170) Jumps 10%
ALUJAIN 2170.SA | 28.04 | +0.72% |
SRMG 4210.SA | 84.25 | -2.26% |
ALRAJHI 1120.SA | 106.40 | -0.09% |
SABIC 2010.SA | 59.55 | 0.00% |
JABAL OMAR 4250.SA | 15.89 | -1.73% |
TASI Mid-Market Update — March 4, 2026
Saudi Arabia’s benchmark index Tadawul All Shares Index(TASI.SA) advanced nearly 2% during mid-market trading, extending the previous session's gains. The Saudi market continues to demonstrate resilience and follow a recovery trajectory, having already absorbed the initial shock of regional geopolitical developments earlier in the week.
- Financials: The index's upward momentum was supported by the banking sector, led by a 2.2% increase in Al Rajhi Bank(1120.SA).
- Petrochemicals: Saudi Basic Industries Corp.(2010.SA) traded 2% higher, trimming some of its early gains. This positive trading activity occurred despite the company reporting a significant net loss for 2025, which was primarily attributed to impairments and losses from the divestment of assets in Europe and the Americas.
- Real Estate: Jabal Omar Development Co.(4250.SA) climbed approximately 6%, driven by a steep increase in the company's annual profit.
- Aviation: Budget airline Flynas Co.(4264.SA) recorded a 3% gain.
- Energy: Conversely, oil major Saudi Arabian Oil Co.(2222.SA) declined by 0.8%. This slight drop occurred against a broader macroeconomic backdrop where global oil prices rose by 3% amid Middle East supply disruptions, though the pace of those commodity gains has slowed.
Notable News
ADES Assets Unaffected by Regional Tensions
Ades Holding Co.(2382.SA) confirmed that its assets and personnel remain unaffected by recent Middle East regional developments. Despite market speculation, the group reports 0% impact on its operations as of March 3, 2026. Management is maintaining regular communication with stakeholders to ensure safety and will provide further updates if any material changes occur.
SACO Returns to Profitability With 45.6M Net
Saudi Company for Hardware(4008.SA) reported a net profit of SAR 45.6 million for 2025, rebounding from a SAR 14.1 million loss. Growth was driven by a 7.4% revenue increase to SAR 1.07 billion and a SAR 42.2 million gain from selling investment property. Consequently, the board approved a SAR 0.25 per share dividend totaling SAR 8.97 million.
| Element List | Current Year | Previous Year | %Change |
|---|---|---|---|
| Sales/Revenue | 1,067.11 | 993.64 | 7.39 |
| Gross Profit (Loss) | 161.73 | 141.48 | 14.31 |
| Operational Profit (Loss) | 27.52 | 17.92 | 53.57 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 45.59 | -14.09 | - |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 44.49 | -13.32 | - |
| Total Shareholders Equity (after Deducting Minority Equity) | 370.79 | 326.29 | 13.64 |
| Profit (Loss) per Share | 1.27 | -0.39 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
SABIC Sets Dividend Despite Losses
Saudi Basic Industries Corp.(2010.SA) reported a net loss of SAR 25.8 billion for 2025, down from a SAR 1.54 billion profit in 2024. The deficit stems from SAR 20.8 billion in losses from discontinued operations, including a SAR 15.2 billion fair valuation hit from European and American divestments. Despite the loss, the board approved a SAR 1.50 per share interim dividend.
| Element List | Current Year | Previous Year | %Change |
|---|---|---|---|
| Sales/Revenue | 116.53 | 117.74 | -1.03 |
| Gross Profit (Loss) | 21 | 25.36 | -17.19 |
| Operational Profit (Loss) | 4.37 | 9.43 | -53.66 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -25.78 | 1.54 | - |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -23.14 | -0.4 | 5,685 |
| Total Shareholders Equity (after Deducting Minority Equity) | 128.72 | 156.36 | -17.68 |
| Profit (Loss) per Share | -8.59 | 0.51 | |
| All figures are in (Billions) Saudi Arabia, Riyals | |||
Key Dividend Events
| Symbol | Announcement Date | Eligibility Date | Distribution Date | Dividend Amount |
| Elm Co(7203.SA) | 2026-03-01 | 2026-03-04 | 2026-03-16 | SAR 4.50 |
Related reads: When will users receive dividends?
New 52-Week High before 1:15 pm
| Symbol | 52W High Price |
|---|---|
| SABIC Agri-Nutrients Co.(2020.SA) | 131.30 |
| Electrical Industries Co.(1303.SA) | 15.70 |
Significant Volume Surge before 1:15 pm
Top Gainers before 1:15 pm
| Company | Price | Change % |
|---|---|---|
| Alujain Corp.(2170.SA) | 24.31 | 10.0% |
| Saudi Research and Media Group(4210.SA) | 78.95 | 9.96% |
| Saudi Printing and Packaging Co.(4270.SA) | 7.08 | 9.94% |
| Advanced Petrochemical Co.(2330.SA) | 24.10 | 7.59% |
| Red Sea International Co.(4230.SA) | 22.21 | 7.45% |
Top Losers before 1:15 pm
| Company | Price | Change % |
|---|---|---|
| Alwasail Industrial Co.(4148.SA) | 2.79 | -1.76% |
| National Gas and Industrialization Co.(2080.SA) | 81.00 | -1.22% |
| Nofoth Food Products Co.(2288.SA) | 8.37 | -1.18% |
| Gulf Union Alahlia Cooperative Insurance Co.(8120.SA) | 9.40 | -1.16% |
| Emaar The Economic City(4220.SA) | 8.56 | -1.04% |