162 stories mentioning Tadawul All Share IndexUpdated 17m ago
Saudi Arabia's Tadawul index closed muted as investors weighed rising May inflation, a construction-sector rebound, and US-Iran conflict updates.
Saudi Arabia's employee compensation index climbed 9.8% on an annual basis in May, compared with a 10.1% rise in the previous month.The monthly growth for employee compensation stood at 0.1%, according to preliminary data from the kingdom's General Authority for Statistics released Monday.
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.
The Tadawul All Share Index ended the week higher at 0.15% in the green as the latest geopolitical updates between the US and Iran again took center stage on Thursday.The US launched a wave of attacks on Iran, while also reimposing its naval blockade on the Middle Eastern country's ports. The attacks focused on Iranian bases in the south.Further to this, Iran also sent out attacks on US bases in Kuwait and Jordan. The country warned that if the US continued its attacks, it would launch attacks that would encompass the Gulf region's infrastructure. The escalation raised concerns about another potential oil supply disruption."The US carried out additional strikes against Iran. There are also media reports that the US is considering increasing military operations. Iran, meanwhile, said it has no plans to talk. The rapid deterioration is having a meaningful impact on vessel flows from the Persian Gulf," ING said in a note. "The concern is that renewed oil supply disruptions come amid the large inventory drawdowns through the second quarter, leaving the market more vulnerable. In addition, global SPR releases, which have helped the market out over recent months, are set to end in the next few weeks."Back at home and on the corporate front, Ades Holding (SASE:2382) secured two offshore drilling contracts that will deploy its Shelf Drilling Odyssey and Fortress jackup rigs. Shares of the drilling services company closed 1.33% lower.Meanwhile, Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, shares ticked up 0.15% at closing as it awarded an integrated stimulation and completion services contract to energy products and services company Halliburton.
The Tadawul All Share Index closed Wednesday trading lower at 0.10% in the red as investors assess Saudi Arabia's latest economic data.The kingdom's annual inflation rate was stable in June, coming in at 1.8%, which was unchanged from the prior month, the General Authority for Statistics said in its report. On a monthly basis, the index ticked up 0.2%."The prices of the food and beverages division increased by 0.7%, driven by the increase in the food group by 0.7%, and the prices of the housing, water, electricity, gas and other fuels division increased by 0.1%, while the transport division increased by 0.4%," the report said.The country's wholesale prices saw an annual 4.8% growth in June from a 4.6% rise in May. Additionally, Saudi's producer price index data for the kingdom showed a 7.5% year-over-year increase in May. Month over month, the index saw a 1.8% decline.Back at home and on the corporate front, Al Yamamah Steel Industries (SASE:1304) shares declined 1.51% as its Al Yamamah for Reinforcing Steel Bars Co. unit entered into a deal to produce and install steel billet production equipment for an undisclosed company in Europe.Meanwhile, Jarir Marketing Co. (SASE:4190) posted a 17.973% increase in estimated attributable net profit and a 10.813% rise in estimated revenue for the first half of 2026. Shares of the retailer closed 1.40% in the green.
Annual consumer inflation in Saudi Arabia unexpectedly remained at 1.8% in June, while the kingdom's wholesale costs continued to climb, according to economic data published Wednesday.The annual inflation figure came in lower than the forecast of 1.9%. According to the country's General Authority for Statistics, higher prices were driven by a 3.5% increase in housing, fuel and utility expenses, followed by gains of 1.4% in food and beverages and 1.7% in transportation.Month-on-month, consumer prices in the country grew by 0.2%, unchanged from May and aligned with market expectations.Meanwhile, annual wholesale price inflation in Saudi Arabia accelerated to 4.8% in June, after a 4.6% growth a month ago. The increase was primarily fueled by a 1.6% gain in metal products, machinery and equipment and a 9.3% jump in other transportable goods.The kingdom's monthly wholesale price growth cooled to 0.2%, down from the 1.2% rise in May. The uptick was attributed to a 1.4% increase in agriculture and fishery items.In a separate same-day release, the General Authority for Statistics also reported that Saudi Arabia's producer price index climbed 7.5% year over year in May, following a 9.1% surge in the previous month, due to rising costs in manufacturing, utilities and water and waste management services. On a monthly basis, the index dropped 1.8%, against a prior 3.3% rise, amid a decline in manufacturing prices.
The producer price index in Saudi Arabia rose 7.5% year over year in May, after a 9.1% jump in April, according to data from the General Authority for Statistics released Wednesday.On a monthly basis, the index was 1.8% lower, compared with the 3.3% rise earlier.
Saudi Arabia's wholesale prices climbed 4.8% year over year in June, following a 4.6% rise in May, the country's General Authority for Statistics said Wednesday.On a monthly basis, wholesale prices in the kingdom edged up 0.2%, compared with a 1.2% gain earlier.
Saudi Arabia's annual inflation rate came in at 1.8% in June, unchanged from May, the country's General Authority for Statistics said Wednesday.The consensus estimate for the month was 1.9%.On a monthly basis, consumer prices in Saudi Arabia were 0.2% higher, in line with the consensus estimate and the previous month's figure.
The Tadawul All Share Index extended its losses to a second day at 0.80% in the red on Tuesday as investors turned their attention to the latest inflation print of the world's biggest economy.The US annual inflation rate declined to 3.5% in June, compared with 4.2% in May. The core rate, meanwhile, also fell to 2.6% from 2.9% in the prior month.In other market news and also affecting sentiment is the continued attacks by the US and Iran against each other. The attacks, which reached their third consecutive night, pushed oil prices higher at closing."Oil prices surged yesterday, with ICE Brent settling 9.6% higher on the day - back above $83/bbl. This strength has continued into early morning trading today, with little sign of easing tensions between the US and Iran. In fact, we're seeing the opposite with military strikes continuing, more commercial vessels hit in the Strait of Hormuz, and, importantly, the US reimposing its blockade on Iran. The return of the US blockade is much more impactful for markets than the previous suspension of the sanction waiver on Iranian oil," ING said in a note.Back at home, Saudi Arabia said that it intercepted missiles from Yemen's Houthi group. The attacks targeted an airport in the Saudi Arabian city of Abha. The airstrikes followed previous airstrikes at another airport in Sanaa, Yemen.On the corporate front, Alwasail Industrial Co. (SASE:4148) shares ticked up 1.40% as it entered into a contract to deliver high-density polyethylene pipes for the infrastructure work at the King Abdullah Economic City.
The United Arab Emirates' crude oil production amounted to 3.8 million barrels per day in June, based on direct communication from the country, according to the Organisation of the Petroleum Exporting Countries, or OPEC.The amount marks an increase from the 2.1 million barrels per day of crude reported by the UAE in May, OPEC said in its latest Monthly Oil Market Report published Monday. The country previously announced its decision to leave OPEC, effective May 1.Meanwhile, Saudi Arabia told the organization that its supply to the oil market stood at 6.6 million barrels of crude per day in June, down from 7 million barrels per day a month before.Based on secondary sources, Russia's declaration of cooperation crude oil production stood at 8.9 million barrels per day in June, OPEC noted.
The Tadawul All Share Index ended trading lower at 0.16% in the red as the re-escalation of the US-Iran conflict over the weekend dampened investor sentiment on Monday.The US and Iran again launched missile and drone attacks against each other. The Middle Eastern country targeted Bahrain- and Kuwait-based US military facilities, while the US hit Iran's air defense systems, coastal radar sites, and other targets.The renewed attacks raised concerns regarding the future of shipping traffic in the Strait of Hormuz as Iran said that it was closed. US President Donald Trump, however, said that the Strait of Hormuz was accessible to commercial traffic."It was another weekend of the US and Iran exchanging strikes. Clearly, the risk is that this escalates to levels seen early in the war, where neighbouring countries and their energy infrastructure are also targeted. Iran claims that the Strait of Hormuz is shut until further notice. The US pushed back, saying that it will ensure freedom of navigation. Escalation has slowed vessels transiting the strait to a trickle, renewing concerns over oil supply tightness through the third quarter," ING said in a note.Back at home, Hamad Mohammed Bin Saedan Real Estate Co.'s (SASE:9648) board recommended a lower year-over-year dividend of 0.25 Saudi riyal per share for 2025. Shares of the real estate company closed 0.12% lower.Catrion Catering (SASE:6004), meanwhile, ticked up 1.89% as it entered into a three-year contract to deliver inflight catering services to the Saudi Arabian Airlines Corp.
The Tadawul All Share Index closed trading at 0.10% in the green as the latest geopolitical updates of the US-Iran conflict took the global spotlight on Sunday.Iran and the US launched back-and-forth strikes against each other in Gulf states. The missile and drone attacks resulted in Iran closing the Strait of Hormuz again."Asian stocks rose sharply on Friday, led by chip and AI firms as investors brushed off concern over the stalled recovery of energy supplies through the critical Strait of Hormuz, with tit-for-tat attacks escalating between the U.S. and Iran. The renewed back-and-forth attacks have further eroded the fragile three-week-old ceasefire, bringing the spotlight back on oil prices and what they could mean for inflation and the global rates outlook," United Securities LLC said in a note.Looking ahead, the economic calendar will see the release of the US' June inflation print on Tuesday, with Saudi Arabia following suit on Wednesday.Back at home and on the corporate front, Knowledge Economic City Co. (SASE:4310) shares ticked up 1.11% as it signed a nonbinding term sheet to create a closed-ended private real estate investment fund for the Multaqa Almadinah project's Multaqa Hospitality Cluster 1.Meanwhile, Umm Al Qura for Development and Construction Co. (SASE:4325) entered into reservation deals with Watheeq Real Estate Opportunities Second Fund for the sale of three land plots in Makkah. Shares of the real estate developer closed 2.02% higher.
Fitch maintained its A+ long-term foreign-currency issuer default rating on Saudi Arabia with a stable outlook, according to a July 10 note.The affirmation is based on the country's strong and healthy external balance sheet, its resilient economy and sound banking industry amid geopolitical risks from the US-Iran conflict.Fitch additionally took note of the kingdom's rising government debt and the expected but temporary narrowing of its fiscal deficit in 2026 due to higher oil revenue.
The KOF Swiss Economic Institute's global economic barometers rose in July, moving slightly above the 100-point level, indicating an improvement in the economic momentum worldwide.The coincident global barometer rose 0.6 points to 104.5 points, while the leading barometer increased 0.7 points to 102.5 points, according to a Friday release.The increase in both barometers was largely attributed to positive contributions from the Asia, the Pacific and Africa region and Europe.
The expected oil market surplus in 2027 could be upended by the recent re-escalation of the US-Iran conflict after the interim ceasefire deal was breached, leading to a renewed increase in oil prices, according to the International Energy Agency.In its July oil market report published Friday, the IEA said global oil demand is on the road to recovery, expecting it to increase by more than 8 million barrels per day by October from a low of 97.9 million barrels per day in May. Nonetheless, the agency forecasts demand will decline by 1 million barrels of oil per day in 2026 before rebounding by 2 million barrels per day in the next year.Meanwhile, global supply is projected to drop by an average of 3.7 million barrels of oil per day to 102.6 million barrels per day in 2026, assuming that renewed hostilities between the US and Iran quickly de-escalate. Looking ahead, supply is anticipated to increase by 7.5 million barrels per day next year if transit volumes rise."While the global oil market balance looks set to swing back to surplus towards the end of the year, the forecast hinges on the assumption that tanker flows through the [Strait of Hormuz] will gradually recover, allowing producers to restart fields and refiners in the Middle East and elsewhere to resume product shipments. Renewed exchanges of fire in the Gulf this week highlight the risks of not reaching a lasting peace agreement, which is a must for the normalisation in oil markets," the IEA noted.
The Tadawul All Share Index closed out the week 0.42% lower as the decline in Saudi Arabia's industrial production activity weighed on investor sentiment on Thursday.Official preliminary data from Saudi Arabia's General Authority for Statistics showed that the industrial production index dropped 18.7% year over year in May. Month over month, industrial production rose 3.2%."The index of oil activities in May 2026 decreased by 26.3% compared to the same month of the previous year, The index of non-oil activities decreased by 0.6%. Based on the month-on-month trend, the index for oil activities increased by 4.3%, and the index of non-oil activities increased by 1.3," the statistics agency said in its report.Meanwhile, the kingdom's business confidence index in June came in at 56.6 points, up from 55.6 in May. Data also showed that the separate industry, construction, and services confidence indices all increased during the period.Also dampening sentiment is the re-escalation of the US-Iran conflict. The US launched attacks on Iran, while the Middle Eastern country sent out strikes on Bahrain and Kuwait in retaliation.Back at home and on the corporate front, Al Mohafaza Co. for Education (SASE:9598) shares closed 1.13% lower as it entered into a four-year agreement to execute educational and training programs with Sulaiman Bin Abdulaziz Al Rajhi Education and Development Co.
Optimism among businesses in Saudi Arabia continued to improve in June, while a decline in industrial production moderated in May, data from the kingdom's General Authority for Statistics showed Thursday.The country's business confidence index came in at 56.6 points in June, up from 55.6 points in the previous month. The figure represents a monthly rise of 1.8%, following a 2.1% growth in May, and marks the third straight month of improvement after a sharp fall in March."The increase 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 0.7 points month-over-month to 55 points in June, driven by stronger expectations for sales, purchase orders and overall performance. Meanwhile, the construction sector's index climbed to 57.8 points from May's 56.7 points, reflecting increased optimism regarding orders, sales volume and performance trends.For Saudi's services sector, a brighter outlook for employment, revenue and general performance led to a 0.9-point increase in the segment's business confidence index in June to 55.5 points.Separately, the statistics office reported that Saudi Arabia's industrial production index dropped 18.7% year over year in May, a slight moderation from April's 19.1% fall, amid a decline in mining, quarrying and manufacturing activity. Month on month, the index jumped 3.2%.
Saudi Arabia's business confidence index stood at 56.6 points in June, up from 55.6 points in May, data from the General Authority for Statistics showed Thursday.The monthly change in confidence was 1.8% higher, compared with a 2.1% increase 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.
Saudi Arabia's industrial production index declined 18.7% year over year in May, following a 19.1% decrease in April, the kingdom's General Authority for Statistics said Thursday.The reading reflects a decline in mining and quarrying activity, as well as manufacturing activity.On a monthly basis, the index jumped 3.2%.
The International Monetary Fund trimmed its economic growth forecast for Saudi Arabia in 2026, while noting that the country is "somewhat less affected" than its neighbors by the prolonged closure of the Strait of Hormuz due to more diversified export routes.The fund now expects the country's gross domestic product to grow 1.7% in 2026, according to the World Economic Outlook update published Wednesday. The revised estimate represents a decline of 1.4 percentage points from the fund's April estimate.Meanwhile, the IMF lifted its 2027 growth forecast for Saudi Arabia to 5.5% from 4.5%.
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