The stock of Middle East Specialized Cables Company (Misk) recorded a strong rise during today's session, reaching a high of 32.28 riyals, achieving its biggest daily gain in about 8 weeks, amid notable trading activity.

The stock saw heavy trading, with the volume of shares traded reaching about 9 times the average daily trading volume.

Misk distributes 24 million riyals in cash dividends for the first half of 2026

In terms of performance, Misk stock rose about 5.4% over the last five sessions, while declining 2% over a month. Since the beginning of 2026, the stock has gained 51.75%, while falling 1.5% over the last 52 weeks, compared to a decline of about 4% in the TASI index over the same period.

The price-to-book ratio stands at 2.22 times, while the price-to-earnings ratio based on the last 12 months' earnings is 10.75 times, and the dividend yield is 3.56%.

Regarding the views of expert houses, Derayah Financial is the only entity that recommends buying the stock, with an average target price of 40 riyals, representing a potential increase of about 36.3% compared to the last closing price.

According to the ownership structure, Mansour Abdulaziz Mohammed Kaaki owns a stake of 6.41% of the company's shares, while the remaining 93.59% belongs to other shareholders.

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