Market Movements Now | Oil Price Hikes Boost Aramco (2222); ASLAK (1301) H1 Net Profit Jumps 1,050% as Shares Surge 10%, Followed by MEDGULF (8030) Surging 8.33% After Results
ASLAK 1301.SA | 0.00 | |
SPPC 4270.SA | 0.00 | |
SAUDI ARAMCO 2222.SA | 0.00 | |
MAADEN 1211.SA | 0.00 | |
ALRAJHI 1120.SA | 0.00 |
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TASI Mid-Market Update — Aug 4, 2026
Saudi Arabia’s benchmark Tadawul All Shares Index(TASI.SA) advanced 0.24% in early Tuesday trading, supported by solid corporate earnings results and a rebound in global crude oil prices.
Saudi Arabian Oil Co.(2222.SA): Shares opened higher but turned to a 0.5% loss, the energy giant posted a 44% year-on-year increase in second-quarter net profit to $32.69 billion (SAR 122.6 billion), compared with $22.67 billion in the prior-year period.
Saudi Arabian Mining Co.(1211.SA): Shares added 1.6%, providing further upward momentum to the general index.
The regional market uplift reflects ongoing investor assessment of geopolitical signals concerning U.S.-Iran diplomatic status alongside regional energy supply developments. Positive Q2 earnings updates across key listed equities continue to anchor broader regional sentiment.
In the large-cap sector, Al Rajhi Bank(1120.SA) is posting a gain of 0.6%. The Saudi National Bank(1180.SA) trading higher, moving 1.4%. ACWA POWER Co.(2082.SA) is seeing a slight dip of 0.76%. Saudi Basic Industries Corp.(2010.SA) is posting a gain of 1%.
Notable News
Oil Price Hikes Boost Saudi Aramco
Saudi Arabian Oil Co.(2222.SA) (Aramco) reported a 44% increase in second-quarter net profit to $32.69 billion, driven by higher prices for crude oil, refined products, and chemicals. The company maintained a 98.4% supply reliability rate by rerouting shipments through its East-West Pipeline despite regional disruptions in the Strait of Hormuz. However, CEO Amin Nasser warned that global oil inventories remain severely depleted and could take up to 18 months to replenish.
SABIC Closes Thermoplastics Sale to Mutares
Saudi Basic Industries Corp.(2010.SA) (SABIC) completed the divestiture of its Engineering Thermoplastics business in the Americas and Europe to Mutares SE & Co KGaA on August 3, 2026. The unit reported an operational loss of SAR 1.9 billion in 2025. The carve-out improves SABIC's pro forma EBITDA margin by 130 to 140 basis points.
MEDGULF Shares Surge 8.33% After Results
The Mediterranean and Gulf Insurance and Reinsurance Co.(8030.SA) (MEDGULF) recorded a Q2 2026 net profit after zakat of SAR 44.2 million, turning around from a SAR 1.47 million loss in Q2 2025, driven by higher investment returns and growth in motor and medical business lines. Insurance revenues rose 28.1% year-on-year to SAR 1.31 billion. Following the news, the company's shares jumped 8.33%.
United Wire H1 Net Profit Jumps 1,050%
United Wire Factories Co.(1301.SA) reported a Q2 2026 net profit of SAR 15.3 million, up 705% year-on-year, as higher sales volumes and expanded profit margins boosted revenue to SAR 185.4 million. For H1 2026, net profit surged 1,050% to SAR 14.26 million. Following the strong financial results, the company's shares jumped 9.94%.
Key Dividend Events
| Symbol | Announcement Date | Eligibility Date | Distribution Date | Dividend Amount |
|---|---|---|---|---|
| Americana Restaurants International PLC - Foreign Company(6015.SA) | 2026-07-29 | 2026-08-04 | 2026-08-18 | 0.045 |
| Saudi Investment Bank(1030.SA) | 2026-07-28 | 2026-08-04 | 2026-08-17 | 0.40 |
| Electrical Industries Co.(1303.SA) | 2026-07-23 | 2026-08-04 | 2026-08-23 | 0.125 |
| Arab National Bank(1080.SA) | 2026-07-20 | 2026-07-23 | 2026-08-04 | 0.65 |
Related reads: When will users receive dividends?
New 52-Week High before 12:17 pm
| Symbol | 52W High Price |
|---|---|
| Rabigh Refining and Petrochemical Co.(2380.SA) | 17.37 |
| Americana Restaurants International PLC - Foreign Company(6015.SA) | 2.31 |
| Al Moammar Information Systems Co.(7200.SA) | 279.00 |
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Significant Volume Surge before 12:17 pm
Top Gainers before 12:17 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| United Wire Factories Co.(1301.SA) | 17.91 | +9.94% |
| Saudi Printing and Packaging Co.(4270.SA) | 9.33 | +8.36% |
| The Mediterranean and Gulf Insurance and Reinsurance Co.(8030.SA) | 16.86 | +8.08% |
| Walaa Cooperative Insurance Co.(8060.SA) | 10.25 | +5.24% |
| Saudi Industrial Development Co.(2130.SA) | 17.05 | +4.03% |
Top Losers before 12:17 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Mutakamela Insurance Co.(8040.SA) | 12.37 | -4.77% |
| Al-Etihad Cooperative Insurance Co.(8170.SA) | 7.16 | -4.53% |
| Dallah Healthcare Co.(4004.SA) | 106.80 | -4.13% |
| Saudi Arabian Cooperative Insurance Co.(8100.SA) | 10.15 | -3.33% |
| Tabuk Agricultural Development Co.(6040.SA) | 9.50 | -2.86% |