Market Movements Now | 4 Saudi Stocks Hit 52-Week High Including Red Sea International (4230); Astra Industrial (1212) Soars After Earnings Release
ASTRA INDUSTRIAL 1212.SA | 182.40 | -1.94% |
ALASEEL 4012.SA | 4.18 | +0.72% |
MARAFIQ 2083.SA | 52.30 | +1.16% |
Albilad Gold 9405.SA | 13.94 | +0.14% |
RED SEA 4230.SA | 59.70 | -1.49% |
The Tadawul All Shares Index(TASI.SA) has been trading in a narrow range between the support level at 12,000 and the resistance level at 12,072 for three consecutive days, including today. This consolidation phase could potentially build momentum for a future movement.
Notable Earnings to Watch:
Astra Industrial Group(1212.SA)
FY2024 million SAR | Q3-Market Expectation | Q3-Released | Q2-Released |
| Sales/Revenue | 780.67 | 688.53 | 819.10 |
| Net profit (Loss) | 120.84 | 139.41 | 168.75 |
| Profit (Loss) per Share - Riyal | 1.51 | 1.74 | 2.11 |
Significant Volume Surge after 10:30 am
| Symbol | Price | Volume Change % | 3M Average Volume | Today's Volume |
|---|---|---|---|---|
| Thob Al Aseel Co.(4012.SA) | 4.82 | 54.28 | 1,445,976 | 2,230,848 |
| The Power and Water Utility Company for Jubail and Yanbu(2083.SA) | 59.00 | 93.65 | 322,509 | 624,546 |
New 52-Week High as of 11:05 am
| Company | Price (SAR) |
|---|---|
| Albilad Gold ETF(9405.SA) | 14.78 |
| Red Sea International Co.(4230.SA) | 78.70 |
| Dar Alarkan Real Estate Development Co.(4300.SA) | 16.10 |
| Rasan Information Technology Co.(8313.SA) | 74.90 |
Trending Ideas of the Day: TASI stocks
1. Albilad CSOP MSCI Hong Kong China Equity ETF(9410.SA), Heat Score: 64.03K
2. Fourth Milling Co.(2286.SA), Heat Score: 23.30K
3. The Power and Water Utility Company for Jubail and Yanbu(2083.SA), Heat Score: 17.86K
Introduction: This hot symbol list (you can find full list within Sahm App) reflects the recent surge in stocks' popularity based on the popularity algorithm of Sahm App.
The heat score primarily user action data such as user searches, and stock detail page views within the App, combined with the news sentiment related to the underlying stocks, representing a short-term trend in emotion and attention.
Data update: The hot symbols are updated every hour, reflecting the surge in popularity in the previous 24 hours.
Sector Performance as of 11:10 am
- Utilities: +3.67%
- Consumer Durables & Apparel: +1.35%
- Pharma, Biotech & Life Science: +1.15%
Top Gainers as of 11:10 am
The top-performing stocks at this point include:
- Astra Industrial Group(1212.SA) (Astra Industrial): +5.90%, trading at SAR 176.00
- The Power and Water Utility Company for Jubail and Yanbu(2083.SA) (Marafiq): +5.05%, trading at SAR 58.30
- National Gas and Industrialization Co.(2080.SA) (GASCO): +4.18%, trading at SAR 109.60
- ACWA POWER Co.(2082.SA) (ACWA Power): +4.04%, trading at SAR 463.80
- Thob Al Aseel Co.(4012.SA) (Alaseel): +3.62%, trading at SAR 4.86
- Reporting by Zaid, Sahm News team
