Market Movements Now | Wataniya (8300) Jumps 10% on 4,235% Q2 Profit Surge; BAAN (1820) Extinguishes Accumulated Losses; ASLAK (1301) Breaks Above 200-MA with Massive 865% Volume Spike
WATANIYA 8300.SA | 0.00 | |
ACIG 8150.SA | 0.00 | |
ALRAJHI 1120.SA | 0.00 | |
SAUDI ARAMCO 2222.SA | 0.00 | |
MARAFIQ 2083.SA | 0.00 |
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TASI Mid-Market Update — Aug 5, 2026
Saudi Arabia’s benchmarkTadawul All Shares Index(TASI.SA) advanced 0.2% in early Wednesday trading, driven by gains in banking heavyweight Al Rajhi Bank, though pressure from energy and earnings-related sell-offs capped overall performance.
Al Rajhi Bank(1120.SA): Shares rose 1.2%, providing primary upward support to the benchmark index.
Saudi Arabian Oil Co.(2222.SA): Shares declined 1.0% as international crude oil prices softened.
The Power and Water Utility Company for Jubail and Yanbu(2083.SA) & Retal Urban Development co.(4322.SA): Both stocks plunged ~10%, hitting the daily lower limit, after reporting second-quarter net losses.
Regional equity movements reflected cautious investor sentiment surrounding diplomatic discussions between the U.S. and Iran, alongside broader fluctuations across global energy markets. Individual stock dynamics remained closely tied to second-quarter corporate reporting results across the Saudi exchange.
In the large-cap sector, The Saudi National Bank(1180.SA) is easing by 0.7%. Saudi Arabian Mining Co.(1211.SA) is advancing 1.11%. ACWA POWER Co.(2082.SA) is surging by 2%. Saudi Basic Industries Corp.(2010.SA) is holding steady.
Notable News
Wataniya Jumps 10% on 4,235% Q2 Profit Surge
Wataniya Insurance Co.(8300.SA) reported a 36.5% rise in H1 net profit after Zakat to SAR 9.13 million, driven by higher investment income and strong business growth. H1 insurance revenues rose 48.7% to SAR 1.34 billion, while Q2 net profit surged 4,235% to SAR 19.33 million compared to SAR 446 thousand a year earlier. Company shares rose 9.98%.
Flynas H1 Net Loss Narrows 83%
Flynas Co.(4264.SA) reported an 82.8% reduction in its H1 net loss to SAR 122.7 million, down from SAR 714.6 million a year earlier, despite geopolitical unrest and rising fuel costs. Revenue grew 6.2% to SAR 4.22 billion, supported by strong low-cost carrier growth and the timing of the Hajj season.
BAAN Holding Extinguishes Accumulated Losses
BAAN Holding Group Co.(1820.SA) reported an H1 2026 net profit of SAR 53.32 million, swinging from a net loss of SAR 16.65 million in H1 2025, despite revenue falling 9.8% to SAR 311.43 million due to geopolitical impacts on hospitality and entertainment. The bottom-line improvement was primarily driven by a SAR 69.53 million capital gain from investment sales and cost rationalization. Additionally, the company completed its plan to extinguish accumulated losses using its share premium balance, removing it from Tadawul’s loss-flagged criteria.
ACIG Stock Surges 9% After Q2
Allied Cooperative Insurance Group(8150.SA) reported an H1 2026 net loss after Zakat of SAR 4.16 million, down from a SAR 15.12 million profit in H1 2025 due to weaker insurance service results, despite revenue rising 59.9% to SAR 655.97 million. However, Q2 net profit jumped to SAR 13.52 million, helping send shares up 9.05%. Accumulated losses reached SAR 137.73 million, or 47.33% of capital, prompting a going-concern warning from auditors over solvency requirements.
Key Dividend Events
| Symbol | Announcement Date | Eligibility Date | Distribution Date | Dividend Amount |
|---|---|---|---|---|
| SAL Saudi Logistics Services Co.(4263.SA) | 2026-07-29 | 2026-08-05 | 2026-08-20 | 1.79 |
Related reads: When will users receive dividends?
New 52-Week High before 12:11 pm
| Symbol | 52W High Price |
|---|---|
| Al Moammar Information Systems Co.(7200.SA) | 284.60 |
Significant Volume Surge before 12:11 pm
Top Gainers before 12:11 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Wataniya Insurance Co.(8300.SA) | 13.23 | +9.98% |
| Allied Cooperative Insurance Group(8150.SA) | 7.25 | +9.35% |
| United Wire Factories Co.(1301.SA) | 19.14 | +6.87% |
| Saudi Arabian Cooperative Insurance Co.(8100.SA) | 10.69 | +5.84% |
| United Cooperative Assurance Co.(8190.SA) | 3.32 | +4.08% |
Top Losers before 12:11 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| The Power and Water Utility Company for Jubail and Yanbu(2083.SA) | 35.88 | -9.98% |
| Retal Urban Development Co.(4322.SA) | 9.90 | -9.92% |
| YAQEEN S&P ESG MENA ETF Fund(9409.SA) | 10.30 | -4.63% |
| Lumi Rental Co.(4262.SA) | 27.34 | -4.47% |
| Aljazira Takaful Taawuni Co.(8012.SA) | 11.81 | -3.91% |