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Market Movements Now | TASI Testing Key Levels; ACWA Power (2082) Drops 2.32% Amid Mixed Financial Results; Wataniya (8300) Leads Gainers on Volume Spike
ACWA POWER 2082.SA | 0.00 | |
WATANIYA 8300.SA | 0.00 | |
APC 2200.SA | 0.00 | |
CARE 4005.SA | 0.00 | |
JAMJOOM PHARMA 4015.SA | 0.00 |
The Tadawul All Shares Index(TASI.SA) faced resistance near the critical level of 12,440 yesterday, leading to a decline. It fell below the 20-day Exponential Moving Average (EMA) and closed near the key level of 12,320. After opening today, the index further slipped below this crucial 12,320 level, continuing its descent towards the 50-day EMA. The validity of this level will be tested again, as it was last tested on February 17.

Notable News
ACWA Power Drops 2.32%: Mixed Financial Results
ACWA POWER Co.(2082.SA) reported a 3.3% increase in revenue to SAR 6.3 billion for 2024, driven by higher electricity sales and operational revenue. However, net profit rose 5.7% to SAR 1.76 billion despite a 4.7% decline in gross profit due to increased operating costs. Total comprehensive income surged 173.5%, while shareholders’ equity grew 14.1%. The stock fell 2.32%.
FY2024 million SAR | Q3 | Q4-Market Expectation | Q4 |
Sales/Revenue | 1,747.44 | 1,738.00 | 1,735.53 |
Net Profit (Loss) Before Unusual Items | 656.03 | 419.00 | 345.17 |
EPS | 0.45 | 0.57 | 0.69 |
Sector Performance as of 10:43 am
- Software & Services: +0.49%
- Energy: +0.36%
- Commercial & Professional Services: +0.34%
Top Gainers as of 10:43 am
The top-performing stocks at this point include:
Stock | Price | %Chg | Significant Volume Surge vs. 3M Average |
---|---|---|---|
Wataniya Insurance Co.(8300.SA) ⚡ | 23.98 | +3.45% | 13.32% |
Arabian Pipes Co.(2200.SA) | 11.80 | +1.90% | - |
National Medical Care Co.(4005.SA) | 173.00 | +1.88% | - |
Jamjoom Pharmaceuticals Factory Co.(4015.SA) | 164.20 | +1.86% | - |
Aldrees Petroleum and Transport Services Co.(4200.SA) | 149.40 | +1.77% | - |
Top Losers as of 10:43 am
Stock | Price | %Chg | Significant Volume Surge vs. 3M Average |
---|---|---|---|
Saudi Ceramic Co.(2040.SA) ⚡ | 30.35 | -9.82% | 2.89% |
Malath Cooperative Insurance Co.(8020.SA) | 15.32 | -7.26% | - |
Methanol Chemicals Co.(2001.SA) | 14.82 | -4.26% | - |
Red Sea International Co.(4230.SA) | 53.30 | -3.44% | - |
Middle East Paper Co.(1202.SA) | 34.50 | -3.09% | - |
- Reporting by Zaid, Sahm News team