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241 stories mentioning Tadawul All Share IndexUpdated 1h ago

Saudi Arabia's Tadawul index closed muted as investors weighed rising May inflation, a construction-sector rebound, and US-Iran conflict updates.

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Asia Markets

Tadawul Share Plunge as Saudi Arabia Shuts Down East-West Oil Pipeline

The Tadawul All Share Index plunged 1.30% in the red on Sunday as the widening Middle Eastern conflict raised concerns regarding oil supply.Saudi Arabia closed its East-West oil pipeline as a precautionary measure after an Iraq-originated drone attack. The move resulted in injuries and damage, Reuters reported."The Ministry of Foreign Affairs expresses the Kingdom of Saudi Arabia's strongest condemnation of targetting the East-West Pipeline in the Riyadh and Madinah regions by several drones launched from Iraq, which resulted in injuries and some damage that is currently being recovered," the kingdom's Ministry of Foreign Affairs said. "The Kingdom of Saudi Arabia affirms that it reserves its right to take all necessary measures to safeguard its sovereignty and security, protect its facilities, and ensure the safety of its citizens and residents."In other news, another vessel was attacked in the Strait of Hormuz as Iran and other Gulf countries are set to meet in Oman for the waterway's future operations and routes.On the corporate front, Dar Al Majdiah Real Estate (SASE:4326) shares closed 0.16% higher as it entered into an agreement with Jadwa Al Maqar Real Estate Fund to serve as a developer for the Mishraf Al Majdiah in Madinah.Meanwhile, insurers Allied Cooperative Insurance Group (SASE:8150) and Salama Cooperative Insurance (SASE:8050) received the Insurance Authority's clearance to sell their tourist and domestic workers' contract insurance products in Saudi Arabia.Allied Cooperative and Salama Cooperative closed 4.96% and 3.18% in the red, respectively.

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Equities

Saudi Arabia Shutters East-West Oil Pipeline Following Drone Attack

Saudi Arabia halted supply through its 1,200-kilometer East-West pipeline after drone attacks, Reuters reported Sept. 12, citing the world's largest crude oil exporter.The Saudi Ministry of Foreign Affairs confirmed on Sept. 11 that the drone attacks on the pipeline spanning the Riyadh and Madina regions originated from Iraq, where Iran's militant allies are located. The ministry did not disclose the impact of the attack on the kingdom's exports but noted that it caused injuries and that the damage was being evaluated.

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Equities

IEA Further Cuts Oil Demand Forecast for 2026 as US-Iran Negotiations Remain Stalled

The International Energy Agency expects global oil demand in 2026 to fall more than previously forecast, amid continued supply disruptions and a delay in the anticipated oil flow normalization into the next year due to stalled negotiations between the US and Iran to end the war in the Middle East.In its September oil market report published Friday, the IEA said global oil demand is now projected to decrease by 2.5 million barrels per day on average this year, 940,000 barrels per day higher than its forecast a month ago, as persistently high fuel prices weigh on consumption. The pace of decline in demand, however, is estimated to ease in the third and fourth quarters before, after which demand is expected to recover by 2.6 million barrels of oil per day in 2027Meanwhile, global supply is now projected to drop by 5.7 million barrels of oil per day in 2026, to 100.7 million barrels per day on average, before rebounding in the next year."Inventories have so far played a crucial role in balancing the market. Since the start of the war, global observed oil inventories have fallen by 507 mb, equal to an average draw of 2.8 mb/d. August alone saw stocks fall by a steep 95 mb, or 3.1 mb/d," the IEA noted. "With buffers shrinking and the global refining system stretched to the limit, the need for progress in resolving the conflict in the Middle East - and the Russia-Ukraine war, which is now in its fifth year - is greater than ever to avoid further market tightening and demand destruction."

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International

KOF Global Barometers Improve in September

The KOF Swiss Economic Institute's global economic barometers rose in September, indicating a "moderate" rate of economic growth worldwide.The coincident global barometer rose 1.4 points to 104.6 points, recovering from the previous month's decline, while the leading barometer moved up 1.4 points to 105.9 points, according to a Thursday release.The increase in both barometers was largely attributed to the positive contribution from the Asia, Pacific and Africa region.

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Asia Markets

Tadawul Shares Close Week Lower as Saudi Arabia's Industrial Production Declines

The Tadawul All Share Index ended the week 0.08% lower on Thursday as the downbeat preliminary data in Saudi Arabia's latest economic release dampened investor sentiment.According to preliminary data, the General Authority for Statistics reported an 8.1% year-over-year decline in Saudi Arabia's industrial production in July. Month-over-month, industrial production rose 10.4%."The index of oil activities in July 2026 decreased by 11.4% compared with the same month of the previous year, while the index of non-oil activities decreased by 0.3%. The results also indicate that the index of oil activities increased by 16.3%, and the index of non-oil activities decreased by 0.2% compared with June 2026," the report said.Also making headlines, Pakistan reportedly sent a warning to Iran regarding the Houthi group's attacks on Saudi Arabia, Reuters reported. The sources said that the warning aims to prevent a wider Middle Eastern conflict.In local corporate news, Filling and Packing Materials Manufacturing Co. (SASE:2180), d/b/a Fipco, shares closed 2.34% in the red as it extended its share purchase deal for its Bina Industrial Investment acquisition by 270 days.Meanwhile, the board of Sabic Agri-Nutrients Co. (SASE:2020) cleared its final investment decision for an integrated industrial complex project to boost its urea production capacity. Shares of the petrochemical company closed 0.87% higher.

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Saudi Arabia's Industrial Output Falls in July Amid Mining, Manufacturing Slowdown
US Markets

Saudi Arabia's Industrial Output Falls in July Amid Mining, Manufacturing Slowdown

Saudi Arabia's industrial production index fell on an annual basis in July amid declines in mining and manufacturing activities, data from the General Authority for Statistics showed Thursday.The 8.1% year-over-year decrease eased from June's 16.3% drop. Annual oil-related activities fell 11.4%, while non-oil activities ticked down 0.3%.On a monthly basis, overall industrial production climbed 10.4%, supported by growth across all sectors, notably mining and quarrying. Oil activities surged 16.3% compared with the previous month, while non-oil activities edged down 0.2%.In the mining and quarrying sector, output fell 10.9% year on year in July, while month-over-month activity shot up 19%.On an annual basis, manufacturing contracted by 5.8% as chemical and petroleum output slumped. Meanwhile, month-on-month performance improved, with the sector rising 1.3% thanks to a boost in coke and refined petroleum production.Positive results were reported in the sub-index for the utilities-related sectors, with electricity, gas and air conditioning up 4.5% annually and water and waste management 7.8% higher. Month on month, electricity and gas grew 5.4%, while water management gained 2.6%.

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International

Saudi Arabia's Annual Industrial Production Falls 8.1% in July

Saudi Arabia's industrial production index declined 8.1% year over year in July, following a 16.3% drop in June, data from the General Authority for Statistics showed Thursday.The decrease was mainly driven by lower mining, quarrying and manufacturing activities.On a monthly basis, the index rose 10.4%.

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Asia Markets

Saudi Shares Close Wednesday Lower Amid Fresh US-Iran Tensions

The Tadawul All Share Index closed 0.19% lower at the end of the Wednesday session as the growing tensions between the US and Iran dampened investor sentiment.Reuters reported that the US launched attacks that hit five Iranian oil tankers on Tuesday. In response, Iran struck a US military base in Jordan, as well as 10 vessels in the Strait of Hormuz."The Elephant in the oil room right now is of course the Strait of Hormuz. This past week saw a return to kinetic activity in the sense that the US is once again hitting Iranian targets and Iran is once again attacking US bases; ships are somewhat caught in the middle," Macquerie said in a note. "For the moment, we seem to converge on the view that for the right price some will take the risk, and using shuttle tankers to do the risky part, we can move substantial volumes out. Whilst extreme greed and fear may be off the table, the market is resigning itself to a longer conflict and we are starting to see the market pricing this in with spread."In macro news, Saudi Arabia's business confidence index ticked up to 56.7 in August, compared with 54.7 in the prior month. The report logged increases in the services and industry sector confidence indices, while the index for the construction sector edged down.On the corporate front, Qassim Cement (SASE:3040) shares closed 0.44% higher as it plans to buy read-mix concrete company A-Mix Co. under a share sale and purchase agreement.Meanwhile, Ataa Educational Co. (SASE:4292) published its financial results for fiscal 2026. The educational services company reported a 17.56% increase in attributable net profit and a 3.2% rise in revenue for the 12 months ended July 31. Shares were 0.97% in the red at close.

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Steady Growth Fuels Saudi Arabia's Business Sector Optimism in August
US Markets

Steady Growth Fuels Saudi Arabia's Business Sector Optimism in August

Optimism among Saudi Arabian businesses rebounded in August amid sustained economic stability and expanding activity across multiple sectors, data from the General Authority for Statistics showed Wednesday.The country's business confidence index came in at 56.7 points in August, up from 56.5 points in the previous month. The figure represents a monthly rise of 0.3%, following a 0.05% dip in July."The index reflects prevailing optimism in the business sector, supported by establishments' confidence in the stability of economic activity and continued growth across various sectors," the statistics agency wrote.The kingdom's industrial business confidence index rose to 55.8 points in August from 54.7 points a month ago, driven by stronger optimism in overall performance and employment.For Saudi's services sector, improved confidence in fixed investment expenditure and total performance lifted the business confidence index to 56.1 points, above the 55.3 points recorded in July.Meanwhile, the construction sector's index declined to 57.3 points from July's 57.7 points, reflecting decreased confidence in current and expected input costs.

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International

Business Optimism in Saudi Arabia Edges Up in August

Saudi Arabia's business confidence index stood at 56.7 points in August, up from 56.5 points in July, data from the General Authority for Statistics showed Wednesday.The monthly change in confidence was 0.3% higher, compared with a 0.05% drop earlier.The statistics agency noted that the reading reflected positive business sentiment, with enterprises remaining confident in both economic stability and broad-based sectoral growth.

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Asia Markets

Tadawul Shares End Tuesday Higher; Saudi Arabia's Quarterly GDP Declines

The Tadawul All Share Index closed Tuesday 0.10% in the green as market watchers assessed Saudi Arabia's latest gross domestic product data.According to the General Authority for Statistics, Saudi Arabia's real gross domestic product declined 4.7% annually in the second quarter. The kingdom's seasonally adjusted real gross domestic product, meanwhile, decreased by 4.8% quarter over quarter."Oil activities contributed negatively to real GDP in Q2 of 2026 5.4 percentage points (PP) while non-oil activities contributed positively by 0.6 (PP). Government activities and net taxes on products each contributed positively by 0.1 (PP). On a seasonally adjusted basis, oil activities were the main driver of the decline in real GDP, recording a negative contribution of 4.5 (PP). In addition, non-oil activities and net taxes on products recorded negative contributions of 0.2 and 0.1 (PP) respectively, while government activities recorded a positive contribution of 0.03 (PP)," the report said.Speaking of economic releases, investors will also be anticipating China's inflation data later in the day. Additionally, Saudi Arabia's industrial production numbers will be published on Thursday.In other news, Yemen's Houthis launched attacks on Saudi Arabian cities. The drone and missile strikes resulted in more than 70 injuries, as well as infrastructure fires.On the corporate front, Elm Co. (SASE:7203) shares closed 0.08% in the red as its Thiqah Business Services unit entered into a five-year deal to develop and digitize the Ministry of Commerce's services.

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Saudi Arabian Economy Contracts in Second Quarter as Oil Activities Plunge
US Markets

Saudi Arabian Economy Contracts in Second Quarter as Oil Activities Plunge

Saudi Arabia's economy recorded a contraction in the second quarter, as growth in both government and non-oil activities failed to offset a sharp drop in oil-related operations, final data from the General Authority for Statistics showed Tuesday.The country's real gross domestic product fell 4.7% year over year in the second quarter, compared with the flash estimate of a 4.8% decline and a 3% expansion in the previous three-month period. The contraction was largely driven by a 24.8% plunge in oil activities, while government and non-oil activities each saw an increase of 0.9%.By sector, oil activities reduced real GDP growth by 5.4 percentage points, whereas non-oil activities added 0.6 percentage points. Government activities and net taxes on products, meanwhile, positively contributed 0.1 percentage points each."Several economic activities recorded positive year-on-year growth rates, with community, social & personal services activities recording the highest growth rates in Q2 of 2026, at 4.1% Y-o-Y and 0.6% Q-o-Q. This is followed by finance, insurance and business services activities, which grew 3.3% Y-o-Y and 0.7% Q-o-Q," the statistics agency said.On a quarterly basis, the kingdom's seasonally adjusted real GDP declined 4.8% in the second quarter, against the preliminary reading of a 4.9% fall and the revised 1.4% decrease in the prior three-month period.The quarterly decline was primarily attributed to a 21.6% drop in oil activities, alongside a 0.4% decline in non-oil activities. In contrast, government activities edged up 0.2% over the period.

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International

Saudi Arabia's Quarterly GDP Down 4.8% in Q2, Final Data Shows

Saudi Arabia's seasonally adjusted real gross domestic product dropped 4.8% on a quarterly basis in the second quarter, compared with the revised 1.4% decline in the prior three-month period, final data from the General Authority for Statistics showed Tuesday.The initial estimate was for a 4.9% decrease in Saudi quarterly GDP.Annually, the country's real GDP decreased 4.7% during the three-month period, against the preliminary reading of a 4.8% fall and a 3% expansion in the previous quarter.

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Asia Markets

Tadawul Shares End Monday Lower; Saudi Arabia's Construction Activity Edges Up in August

Saudi equities shares closed lower as plans regarding a new restricted zone in the Strait of Hormuz shrugged off the optimism over Saudi's second-highest 2026 reading of its construction activity index.At the close of Monday trading, the Tadawul All Share Index closed 0.26% in the red. Out of the 272 listed companies, 73 stocks were higher, while 186 were lower.According to a report by Alrajhi Capital and S&P Global, the seasonally adjusted alrajhi capital Saudi Construction Index ticked up to 55.4 in August from 55.2 in July. The month showed a robust boost in output growth."The operating environment remained supportive, with quantity purchased (by construction companies) rising at its fastest pace since the survey began, and suppliers' delivery times improving for a fourth consecutive month. Although input cost inflation accelerated during August, firms remained optimistic about the outlook, supported by healthy project pipelines and expectations of continued activity growth," Alrajhi Capital Research Head Sultan Altowaim commented.Also affecting sentiment is Iran's plan to impose a new restricted zone in the Gulf region in the coming days. Iranian Supreme National Security Council Secretary Mohsen Rezaei said that vessels entering the zone will be added to a sanctions list.Back at home, Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, entered into a nonbinding memorandum of understanding with Sony Semiconductor Solutions to boost industrial operations via artificial intelligence. Aramco shares were flat at closing.

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Saudi Arabia's Construction Activity Rises in August Amid Higher New Orders
US Markets

Saudi Arabia's Construction Activity Rises in August Amid Higher New Orders

Construction activity in Saudi Arabia improved for the fourth straight month in August amid a sustained increase in new orders, according to alrajhi capital and S&P Global's business survey data released Monday.The headline seasonally adjusted alrajhi capital Saudi Construction Index edged up to 55.4 in August from 55.2 in July, marking the second-highest level since the survey's launch in January."Activity increased across all three major segments, while new orders remained strong, with infrastructure recording its fastest rise in new orders since February," said Sultan Altowaim, alrajhi capital's head of research. "The operating environment remained supportive, with quantity purchased (by construction companies) rising at its fastest pace since the survey began, and suppliers' delivery times improving for a fourth consecutive month."New work across the construction sector rose sharply in August, with the infrastructure and residential segments seeing an increase in new orders. This was supported regional development, utilities investments, new roads and transport connectivity projects, among other factors, amid improving market conditions.The non-residential structures segment also saw a "solid" pace of growth in business activity as work on projects restarted on the back of better economic conditions.Meanwhile, purchasing activity saw its sharpest rise thus far in 2026 as supply conditions also improved for the fourth consecutive month in August despite ongoing disruptions in international shipping. Input buying also increased as input price inflation picked up amid higher costs related to transportation and raw materials."Although input cost inflation accelerated during August, firms remained optimistic about the outlook, supported by healthy project pipelines and expectations of continued activity growth," Altowaim added.

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International

Saudi Arabia's Construction Activity Picks Up in August

The Saudi Arabian construction sector posted an improvement in activity in August for the fourth consecutive month, amid "resilient" demand and an ongoing rebound in new orders, alrajhi capital and S&P Global said Monday.The headline seasonally adjusted alrajhi capital Saudi Construction Index edged higher to 55.4 in August from the previous month's 55.2.The reading marked the second-highest level since the survey began in January, with solid output growth across the three monitored categories.

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Asia Markets

Saudi Shares Start Week Higher Amid OPEC+ Meeting Focus

The Tadawul All Share Index started the week higher at 0.32% in the green on Sunday as market watchers focus on the results of OPEC+'s latest meeting on crude production levels.The members of OPEC+, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, kept their crude production levels for October unchanged. Saudi Arabia will produce 10.5 million barrels per day during the month.In international news, investors are focused on the latest updates regarding the US-Iran conflict as the two exchanged attacks over the weekend. Market watchers are concerned about the prolonged war's effect on crude supply, as well as prices."Oil prices are still holding most of their recent gains, but those could prove fragile. If Strait of Hormuz flows continue uninterrupted despite the latest escalation, the upward pressure on prices may begin to fade," ING said. "The latest data from Insights Global shows that refined product inventories in the ARA region fell by 118kt week-on-week to 4.15mt. The decline was led by naphtha, gasoil and jet fuel. With gasoil inventories at 1.61mt, they are now seasonally below 2022 levels. Unless Persian Gulf and/or Russian diesel flows recover, the market is likely to tighten further as we head towards winter."Back at home and on the corporate front, Al Rajhi Bank (SASE:1120) closed its tier 2 social trust certificates offer totaling $600 million. The 3,000-sukuk offering was available to eligible investors. Shares of the lender closed 0.68% higher.Meanwhile, Dar Albalad for Business Solutions (SASE:7205) shares ticked up 1.33% at closing as it entered into a six-month memorandum of understanding to potentially purchase Clouding Computer Systems and Clouding Intelligence Computer Systems.

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Asia Markets

Saudi Shares Rise as Oil Prices Ease, PMI Hits Six-month High

Saudi Exchange-traded shares edged higher on Thursday as investors assessed a decline in oil prices amid comments from US President Donald Trump, alongside the latest PMI data.The Tadawul All Share Index was 0.24% in the green at the end of the trading week."Oil paused a three-day rally after President Donald Trump played down the prospect of a prolonged conflict with Iran," United Securities said in a note. "Crude oil eased below $91 per barrel on Thursday after rising for three consecutive sessions, as investors assessed renewed hostilities in the Middle East alongside efforts to reopen the Strait of Hormuz. President Donald Trump said the latest attacks on Iran would be short-lived despite indicating that the US remains prepared for further strikes, while reiterating claims that the US controls Hormuz."In economic news, Saudi Arabia's non-oil private sector expanded at its fastest pace in six months in August, supported by stronger demand and market activity recovery, with output volumes recording the strongest increase since the start of 2026. The Riyad Bank Saudi Arabia PMI stood at 53.8 in August, up from 53.1 in July. While the latest reading reflected growth in the sector for the fifth successive month, it remained below the survey's long-run average of 56.8."Looking ahead, the improvement in business expectations provides a constructive signal for the remainder of the year," Riyad Bank Chief Economist Naif Al-Ghaith said. "Overall, the August survey signals a firmer growth trajectory for the non-oil private sector, with improving business confidence and sustained domestic activity providing a constructive foundation for growth through the remainder of 2026."On the corporate front, Dar Almarkabah for Renting Cars (SASE:9577) signed a six-month nonbinding memorandum of understanding for the acquisition of food and beverage holding company Zad International Co. The car rental company closed 7.78% in the red.Next week, analysts will focus on the kingdom's final second-quarter gross domestic product data. Based on preliminary data, the economy shrank 4.8% year over year in the second quarter, reversing the 3% growth seen in the first quarter.

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Equities

Gulf Marine Services Secures Contract Extension for Small-class Vessel in Middle East

Gulf Marine Services (GMS.L) said Thursday that a major national oil company client exercised the one-year extension option for its chartered small-class vessel.The offshore energy support vessel company's asset will continue to provide maintenance operations for the customer in the Gulf Cooperation Council region, under the same terms and conditions stated in its 2022 contract.

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Sustained Domestic Activity Bolsters Saudi Arabia's Non-oil Private Sector Growth in August
US Markets

Sustained Domestic Activity Bolsters Saudi Arabia's Non-oil Private Sector Growth in August

Continued improvement in local demand helped Saudi Arabia's non-oil private sector growth hit a six-month high in August, Riyad Bank and S&P Global said Thursday.The seasonally adjusted Riyad Bank Saudi Arabia PMI came in at 53.8, up from 53.1 in July. The latest reading reflected sustained growth for a fifth straight month, though the figure remained below the long-term average of 56.8."Domestic demand remains an important driver of growth, and continues to provide a solid foundation for businesses. Also, it reinforces the importance of domestic investment and consumption in sustaining near-term non-oil growth. At the same time, firms appear to have sufficient capacity to respond to stronger demand without creating significant operational bottlenecks," Riyad Bank Chief Economist Naif Al-Ghaith said.Output volumes for non-oil companies saw the strongest rise since the start of 2026 amid the ongoing recovery in market activity. Meanwhile, new orders also rose for the fifth consecutive month, though growth was moderated by a sharper drop in exports compared with July.In terms of employment, data showed staff numbers expanded for the second month running, though the rate of job creation "remained modest and less pronounced" versus the historical trend. Supply chain conditions saw further improvements in August, driven by localized sourcing and quicker vendor turnaround, though the pace of improvement slowed to a three-month low.Business optimism for the coming 12 months reached a seven-month high, with a fifth of surveyed firms anticipating higher activity, against the 2% expecting a decline."Looking ahead, the improvement in business expectations provides a constructive signal for the remainder of the year. Continued fiscal support and the pipeline of development projects remain important anchors for private sector activity, while stronger confidence is translated into investment and hiring," Al-Ghaith added.

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