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Tadawul Shares End Sunday Higher; Multi Business Group Ticks Up

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The Tadawul All Share Index closed Sunday 0.89% in the green as investors digested the latest geopolitical developments across the globe.

Ukraine and Russia launched back-and-forth attacks on Sunday. The missile and drone attacks resulted in injuries, at least one casualty, fires, and property damage, Reuters reported.

In other news, market watchers are still focusing their attention on the updates regarding the US-Iran peace talks and the reopening of the Strait of Hormuz, both of which have stalled. The Middle Eastern country said that the talks will resume if the US fulfills its requirements.

Back at home, Twareat Medical Care (SASE:9627) shares closed flat as it logged a 139.37% surge in attributable net profit, while sales rose 65.08% in the six months ended June 30.

"The company's revenues for the first half of 2026 increased to 149.7 million SAR, compared to 90.7 million SAR for the same period of the previous year, an increase of 59 million SAR, representing 65% growth. This increase is attributed to the execution of a new project for the National Unified Procurement Company (NUPCO), in addition to the commencement of new medical service contracts in the Eastern Region," the medical services company said in its report.

Meanwhile, the board of Multi Business Group (SASE:9619) decided to distribute a dividend of 0.04 riyal per share for the first half of 2026. The company paid 0.06 riyal per share a year ago. Shares of the building contracting and maintenance services company closed 3.39% higher.

Looking ahead in the week, the local economic calendar will be empty except for the release of the kingdom's June short-term business statistics on Thursday.

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US Equity Indexes Mixed This Week After Soft Inflation Prints, Slumping Retail Sales Set to Restrain Fed Policy Hawks

US equity indexes were mixed this week as easing inflation and a drop in retail sales boosted the odds for a monetary policy pause in September, while the Trump administration signaled a pivot toward maximum economic pain on Iran.* The S&P 500 closed at 7,785.76 on Friday versus 7,709.08 a week ago. The Nasdaq Composite stood at about 26,729.16, compared with 26,348.02 a week earlier, and the Dow Jones Industrial Average ended lower at 53,732.41, versus 53,885.02 at the end of last week.* Among firms with market capitalizations exceeding $200 billion each, three of the 10 worst performers were in the equal-weighted Dow, according to data compiled by Finviz. The leader among the Dow laggards was Cisco (CSCO), down 8% this week, as fiscal Q4 services revenue missed expectations and adjusted product margin declined.* Sandisk (SNDK) said it expects sales to grow in the mid-to-high teens from fiscal 2028 through fiscal 2030. Wells Fargo and RBC Capital Markets lifted price targets for the company. Shares soared 35% this week.* Across the three indexes, consumer cyclicals, basic materials, and communication services led underperformers while energy and technology topped the gainers.* Both headline and core consumer and wholesale price inflation rates declined from a year ago in July.* Retail sales slid unexpectedly in July, the most since May 2025, after rising in the previous month.* Following the inflation and retail sales data, the probability of the Federal Reserve extending its policy pause in September stood at 67% Friday, up from 55% a week ago, according to the CME FedWatch tool. The remaining 33% likelihood was for a 25-basis-point increase, down from 44% a week earlier.* Treasury Secretary Scott Bessent said the US plans to unveil measures on Iran next week that have "never been seen," CNN reported. US Secretary of Defense Pete Hegseth said the US can sustain its blockade against Iran "indefinitely," Al Jazeera, a Middle Eastern broadcaster, reported.

Dow JonesNasdaq CompositeS&P 500$CSCO
Asia Markets

Update: US Equity Indexes Fall After Retail Sales Drop Most in 14 Months, Crude Oil Rises as Iran Warned Against Economic Pain

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Asia Markets

Exchange-Traded Funds Mixed, US Equities Fall After Midday

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Dow Jones^EEM^EXI^FAS^FAZ^GLD^IBB^IGM^IGV^IPK^IVV^IWMNasdaq Composite^IYE^IYH^IYJ^IYK^IYW^PMR^QQQ^RTH^SOXXS&P 500^SPY^UNG^USO^VDC^VHT^VIS^XLE^XLF^XLI^XLK^XLP^XLV^XRT^XSD$BETH$BITO$EETH