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 +0.21%
WATANIYA -0.97%
APC -0.67%
CARE +4.20%
JAMJOOM PHARMA +0.67%

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

Q3Q4-Market ExpectationQ4
Sales/Revenue1,747.441,738.00    1,735.53
Net Profit (Loss) Before Unusual Items656.03    419.00    345.17
EPS0.45    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:

StockPrice%ChgSignificant 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

StockPrice%ChgSignificant 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

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