Market Movements Now | TASI Momentum Continues: 2 IPOs and 5 Stocks Hit 52-Week Highs Amid 10% TASI Rebound From Bottom; East Pipes (1321) Tops Daily Ceiling
EAST PIPES 1321.SA | 0.00 | |
TECO 4170.SA | 0.00 | |
ALRAJHI 1120.SA | 0.00 | |
SNB 1180.SA | 0.00 | |
SAUDI ARAMCO 2222.SA | 0.00 |
TASI Mid-Market Update — January 27, 2026
The Saudi benchmark index, Tadawul All Shares Index(TASI.SA), edged higher during early Tuesday trading, advancing by 0.7%. The market’s upward trajectory was primarily supported by positive sentiment surrounding the financial sector as several major lenders released their annual corporate earnings.
The index has now successfully staged a 10% rebound from its recent market bottom recorded earlier this month.
Al Rajhi Bank(1120.SA): Shares rose 1.5% following the bank's announcement of its 2025 financial results. The lender reported an annual net profit of SAR 24.79 billion ($6.61 billion), an increase from SAR 19.72 billion in the previous year. Additionally, the bank declared a cash dividend of SAR 1.75 per share for the second half of the year, representing an approximately 20% increase over the same period last year.
The Saudi National Bank(1180.SA): The Kingdom’s largest lender by assets saw its shares advance 2%. The move followed the publication of its 2025 fiscal year results, which detailed a significant increase in net profit reaching SAR 25.01 billion, supported by growth in operating income and enhanced cost efficiencies.
Related read: Al Rajhi Net Profit +26%, SNB +18%: Saudi Giants Crush Earnings Estimates; Stocks Up after Market Opens
Overall market activity remains centered on the banking sector, which continues to drive the benchmark index as investors respond to full-year profit growth and dividend distributions from leading financial institutions.
Shares of the national oil company, Saudi Arabian Oil Co.(2222.SA), softened by 0.08%.
For other large-caps, ACWA POWER Co.(2082.SA) rises 1%, while Saudi Arabian Mining Co.(1211.SA) down by 1.5%.
Notable News
East Pipes Q3 Profit Soars 42%
East Pipes Integrated Company for Industry(1321.SA) reported a 42.3% YoY surge in third-quarter net profit to SAR 160 million, fueled by increased sales volumes and optimized production. Nine-month revenue reached SAR 1.597 billion, up 11.5%, while earnings per share climbed to SAR 12.98 amid strong delivery schedules. The stock jumps 10% after today's open.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 640,730,104 | 527,902,502 | 21.372 | 570,874,794 | 12.236 |
| Gross Profit (Loss) | 178,308,070 | 135,748,804 | 31.351 | 173,073,373 | 3.024 |
| Operational Profit (Loss) | 177,686,808 | 128,637,782 | 38.129 | 170,062,946 | 4.482 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 160,001,072 | 112,443,748 | 42.294 | 158,580,593 | 0.895 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 159,106,739 | 111,785,211 | 42.332 | 157,617,532 | 0.944 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 1,596,797,413 | 1,432,475,697 | 11.471 |
| Gross Profit (Loss) | 456,640,887 | 355,928,939 | 28.295 |
| Operational Profit (Loss) | 452,331,027 | 342,525,846 | 32.057 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 408,849,015 | 296,537,584 | 37.874 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 407,334,802 | 292,203,048 | 39.401 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,400,031,649 | 1,049,616,294 | 33.385 |
| Profit (Loss) per Share | 12.98 | 9.41 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
UCIC Renews SAR 195M Credit Line
United Carton Industries Co.(1323.SA) renewed a SAR 195 million Shariah-compliant facility with The Saudi National Bank(1180.SA) to finance working capital, including letters of credit. The agreement, backed by a promissory note, extends until July 31, 2026, supporting UCIC's operational requirements and ongoing liquidity needs for its industrial activities.
Key Dividend Events
| Symbol | Announcement Date | Eligibility Date | Distribution Date | Dividend Amount |
| Derayah REIT Fund(4339.SA) | 2026-01-20 | 2026-01-27 | 2026-02-17 | SAR 0.09 |
Related reads: When will users receive dividends?
New 52-Week High before 1:25 pm
| Symbol | 52W High Price |
|---|---|
| Saudi Arabian Mining Co.(1211.SA) | 79.90 |
| The Saudi National Bank(1180.SA) | 44.58 |
| Etihad Etisalat Co.(7020.SA) | 71.50 |
| Electrical Industries Co.(1303.SA) | 12.89 |
| Rasan Information Technology Co.(8313.SA) | 140.00 |
| Consolidated Grunenfelder Saady Holding Co.(4147.SA) | 10.80 |
| Cherry Trading Co.(4265.SA) | 31.14 |
Significant Volume Surge before 1:30 pm
Top Gainers before 1:30 pm
| Company | Price | Change |
|---|---|---|
| East Pipes Integrated Company for Industry(1321.SA) | 146.00 | 9.94% |
| Tourism Enterprise Co.(4170.SA) | 13.96 | 8.3% |
| Saudi Steel Pipe Co.(1320.SA) | 41.62 | 6.45% |
| Saudi Real Estate Co.(4020.SA) | 15.03 | 6.44% |
| Cherry Trading Co.(4265.SA) | 30.18 | 5.89% |
Top Losers before 1:30 pm
| Company | Price | Change |
|---|---|---|
| Shatirah House Restaurant Co.(6016.SA) | 9.48 | -3.17% |
| Saudi Paper Manufacturing Co.(2300.SA) | 57.80 | -2.03% |
| Saudi Arabian Mining Co.(1211.SA) | 77.90 | -2.01% |
| Almasane Alkobra Mining Co(1322.SA) | 106.60 | -1.66% |
| Sport Clubs Co.(6018.SA) | 8.95 | -1.43% |