Editor's Note: the "Trending Saudi Stocks" column tracks the day's top bullish stocks in the KSA market, aiding investors in promptly identifying opportunities for potential gains.

At the close of 20/03/2025, the Tadawul All Shares Index rose by 0.43%, closing at 11760.32 points; the Parallel Market Capped Index dropped by 0.53%, closing at 30521.53 points. Sahm has compiled the Top 10 Daily Stock Price Gainers in the KSA market.

The Top 10 Daily Gainers in the KSA market are listed as follows:

Rabigh Refining and Petrochemical Co.: The daily gain is 9.9%, boosts energy sector and investor confidence with strong performance.

Petro Rabigh, a publicly traded company on the Saudi Stock Exchange since 2008, operates in the energy sector. It specializes in oil and gas refining and marketing. Founded in 2005 and headquartered in Mecca, Saudi Arabia, the company plays a significant role in the nation's petrochemical industry, contributing to the Kingdom's economic diversification efforts.

In a noteworthy development, the possible reason for the stock price increase of 2380.SA (Rabigh Refining and Petrochemical Co.) may be attributed to a combination of factors. The significant 9.9% daily gain suggests strong positive sentiment towards the company, potentially driven by favorable market conditions in the energy sector. As a major player in oil and gas refining, Rabigh Refining and Petrochemical Co. likely benefited from recent fluctuations in global oil prices. The stock's recovery, following a -7.0% year-to-date performance, indicates improved investor confidence, possibly due to positive company announcements or broader economic developments in Saudi Arabia's petrochemical industry.

Retal Urban Development co.: The daily gain is 5.0%, secures contracts and expands strategically, boosting success in urban development sector.

Retal Urban Development Co. (RETAL) is a publicly traded entity on the Saudi Exchange (Tadawul) since June 2022. The company specializes in real estate management and development services within the broader real estate sector. Headquartered in Khobar, Saudi Arabia, RETAL was founded in February 2012. It has established itself as a significant player in the Saudi real estate market.

In a noteworthy development, the possible reasons for the stock price increase of 4322.SA (Retal Urban Development co.) may be: 1. Significant contract wins, including a SAR 450 million deal for Retal Rise and Nobu Hotel projects in Al Khobar, and a SAR 493 million contract for 371 residential units in Riyadh's Sidra district. 2. Positive financial outlook, with these projects expected to boost the company's performance in 2025-2027. 3. Strategic partnerships and joint ventures, demonstrating Retal's ability to leverage its network for growth. 4. Diversified project portfolio spanning residential developments, luxury hotels, and mixed-use properties. 5. Geographic expansion across key Saudi Arabian cities, aligning with the kingdom's real estate development initiatives. 6. Market recognition, as evidenced by Retal's 8th place ranking on Saudi Arabia's long-term strong stock list with a composite score of 90.67.

The Mediterranean and Gulf Insurance and Reinsurance Co.: The daily gain is 4.4%, reports 102M SAR profit and 3.55B SAR insurance income.

Mediterranean and Gulf Cooperative Insurance and Reinsurance (Medgulf) is a publicly traded insurance company listed on the Saudi Stock Exchange (Tadawul) since 2007. Headquartered in Riyadh, Saudi Arabia, Medgulf was founded in 2006. The company specializes in multi-line insurance products within the broader insurance sector, catering to diverse risk management needs in the region.

In a noteworthy development, the possible reason for the stock price increase of 8030.SA (The Mediterranean and Gulf Insurance and Reinsurance Co.) may be its robust financial performance. The company reported an annual net profit of 102 million Saudi Riyals and insurance income of 3.55 billion Saudi Riyals, potentially boosting investor confidence. The 4.4% daily gain could also reflect a short-term market recovery, despite the stock's 17.1% year-to-date decline. This upward movement may signal renewed optimism in the company's prospects within the Saudi insurance sector.

Editor's note: This content was generated by Sahm's in-house AI-enabled SaaS tool and was reviewed by our editing team.