FINWIRES · TerminalLIVE
FINWIRES

Tadawul Equities Closes Monday Subdued; Saudi Arabia's Q2 Real Estate Price Index Rises

By

The Tadawul All Share Index ended Monday higher at 0.23% in the green as investors tuned into Saudi Arabia's latest economic releases.

Making headlines is Iranian ⁠Foreign Ministry spokesperson Esmaeil Baghaei's statement that intermediaries are in talks to potentially pursue diplomacy regarding its conflict with the US. Baghaei added that the possible move will be based on the country's national interests.

Back at home, the General Authority for Statistics said that the real estate price index of Saudi Arabia rose 1.3% year over year in the second quarter. The growth was attributed to higher prices across the residential and agricultural sectors.

"REPI witnessed an increase of 3.0% on a quarterly basis during Q2 of 2026, compared to the previous quarter (Q1 of 2026). The REPI was affected by the increase in the prices of the residential sector by 3.7%, driven by the increase in the prices of residential lands by 6.1%, the prices of apartments by 0.9%, while the prices of villas decreased by 2.1%, and the prices of residential floors by 1.1%," the statistics agency said in its report.

Meanwhile, preliminary figures showed that the kingdom's operating revenue and employee compensation indices increased 11.4% and 9.8% year over year in May, respectively. However, issued building permits in the reporting period declined 33.3% to 5,056 from 7,584 a year ago.

On the corporate front, Knowledge Economic City Co. (SASE:4310) shares ticked up 4.77% as it tapped Alrashid Properties as the developer of the Multaqa Residences project in Madinah, Saudi Arabia.

Related Articles

Asia Markets

Tadawul Shares End Sunday Muted; Mobily Ticks Up on Higher H1 Results

The Tadawul All Share Index was subdued at 0.03% in the red on Sunday as investors kept their attention on the newest updates in the US-Iran and Ukraine-Russia conflicts.The back-and-forth attacks between the US and Iran headed to its eighth consecutive day as the US launched airstrikes against the Middle Eastern country, while Iran struck US military assets in Kuwait, Bahrain, Jordan, and Saudi Arabia, media reports said.Market watchers are also focusing on the continued conflict between Russia and Ukraine. The Ukrainian capital of Kyiv was struck by missile attacks by Russian forces, which resulted in injuries, at least one casualty, and property damage.Back at home, Etihad Etisalat (SASE:7020), d/b/a Mobily, shares closed 0.73% in the green as it posted an 11.521% increase in net profit and a 5.35% rise in revenue for the six months ended June 30."Mobily also achieved remarkable financial and operational performance, driven by growth in revenue, EBITDA, and net profit, reflecting the successful execution of its strategy to strengthen operational efficiency while continuing to expand its digital infrastructure footprint. Across its business segments, the Company recorded notable achievements," the mobile telecommunications company said in its report.Meanwhile, the local economic calendar will see the release of Saudi Arabia's real estate price index for the second quarter on Monday, and its June construction cost index on Wednesday.

^TASISASE:7020
Asia Markets

Update: US Equity Indexes Drop as Chipmakers Head for Bear Market, Crude Oil Surges After Iran Expands Attack in Middle East

(Updates with index/price moves, macroeconomic data and company/geopolitical news from the first paragraph.)US equity indexes slumped as growth sectors sold off, with chipmakers on the doorstep of a bear market, and crude oil surged after Iran widened its attack to a desalination plant in Kuwait.The Nasdaq retreated 1.4% to 25,520.24, with the S&P 500 down 1% to 7,457.69 and the Dow Jones Industrial Average lower by 0.8% to 52,146.42 on Friday. Communication services, consumer discretionary, and technology led decliners, while energy was the sole gainer.The VanEck Semiconductor ETF (SMH), with net assets of $77.2 billion, fell to $556.53 on Friday from an intraday high of $671.83 on June 22, a decline of about 17%, heading into bear market territory."A Chinese startup called Moonshot announced it had a new Kimi K3 model that it claims is on par with American AI offerings from OpenAI and Anthropic," Derek Holt, head of capital market economics at Scotiabank, said in a note. "It's a replay of the prior market scare around China's DeepSeek which markets ultimately shook off and which itself may be important guidance for today. Still, AI and AI-related stocks across the tech world are under negative pressure."Netflix (NFLX), part of the communication services sector, reported mixed fiscal Q2 results overnight, with earnings above consensus while sales missed, and Q3 guidance lagging market expectations. Shares sank 7.3%, helping lead the S&P 500 and the Nasdaq lower.Shares of Intuitive Surgical (ISRG) slumped 14%, the worst performer on the Nasdaq, as growth in the company's da Vinci robotic surgery system in the US moderated amid changes in Affordable Care Act subsidies.Meta Platforms (META) is in talks to rent out computing power from its data centers to Anthropic in a deal that could be worth up to $10 billion over two years, The New York Times reported Friday, citing people with knowledge of the discussions.In geopolitical news, the US and Iran escalated attacks across the Middle East on Friday, trading strikes aimed at infrastructure and military targets as their battle over the Strait of Hormuz intensified, the Associated Press reported. The US hit more bridges and energy sites while collapsing a tower at a key Iranian port, following through on President Donald Trump's threats to pressure Tehran to ease its chokehold on the waterway vital to world energy supplies, the news report said.In response, Iran launched missiles into US-allied nations in the region, including Qatar, a mediator in the war, and Kuwait, where one of the desert nation's water desalination plants was damaged, according to the Associated Press.The front-month US West Texas Intermediate jumped 4.2% to $82.24 a barrel, and global benchmark North Sea Brent advanced 4.3% to $87.83 a barrel.US Treasury yields traded mixed, with the 10-year down 1.6 basis points to 4.55%. The two-year rose 2.7 basis points to 4.18%.In precious metal markets, gold futures rose 0.6% to $4,017.9, and silver futures climbed 0.3% to $56.34.In economic news, the University of Michigan's preliminary consumer sentiment index rose to 54.4 in July from 49.5 in June, above expectations for 51.0 in a Bloomberg-compiled survey.Michigan said that despite the highest index reading since February, consumers remain dissatisfied due to high prices, adding that it would be difficult to maintain the recent improvement in sentiment if gasoline prices rebound. "Interviews for this release spanned June 23 to July 13, with more than 70% completed before the resumption of US strikes against Iran on July 7 and the subsequent increase in gas prices."Michigan poll respondents saw one-year inflation expectations at 4.2%, down from 4.6% in June, while five-year inflation expectations remained at 3.3%.

Dow JonesNasdaq CompositeS&P 500$ISRG$META$NFLX$SMH
Asia Markets

US Equity Indexes Decline This Week as Sell-Off in Chipmakers, Heavy Iran Strikes Fail to Outweigh Inflation Tailwind

US equity indexes fell this week as semiconductors headed toward a bear market and Iran's retaliation in the Middle East widened, undermining the easing of interest-rate pressure after consumer and wholesale price inflation cooled.* The S&P 500 closed at 7,457.69 on Friday versus 7,575.39 a week ago. The Nasdaq Composite stood at about 25,520.24, compared with 26,281.61 a week earlier. The Dow Jones Industrial Average ended at 52,146.42, versus 52,637.01 at the end of last week.* Energy, real estate, and consumer defensive stocks topped the sector charts. Technology led the decliners, with semiconductor and semiconductor equipment and materials industries among the worst performers.* The VanEck Semiconductor ETF (SMH), with net assets of $77.2 billion, fell to $556.53 on Friday from an intraday high of $671.83 on June 22, a decline of about 17%, implying chipmakers are on the doorstep of entering a bear market.* The AI world is like "the embryonic stages of other industries, like autos 100+ years ago; some will survive and thrive, many won't within overall excessive confidence in the sector as a whole," a Scotiabank note said while noting the impact of a worsening Iran geopolitical crisis.* "Iran does not control the [Strait of Hormuz]," Pentagon chief Pete Hegseth said in a post on X, after the US reimposed its blockade of Iranian ports and expanded attacks on Iran. Tehran's military warned that the Strait of Hormuz is an "unbreakable red line," while asking Yemen's Houthis to stand ready to close the Red Sea chokepoint.* The Consumer Price Index fell 0.4% in June, the steepest drop since April 2020, versus forecasts for a 0.1% slide. The Producer Price Index fell 0.3% in June, below consensus for no change.* Following the inflation data, the CME FedWatch tool showed an 86% probability of the Fed holding rates steady in July, up from 66% a week ago, with the rate-pause likelihood also increasing for September, October, and December.

Dow JonesNasdaq CompositeS&P 500$SMH