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Saudi Arabia's wholesale prices increased 3.3% year over year in April, consistent with growth in the previous month, the country's General Authority for Statistics said Thursday.On a monthly basis, wholesale prices in the kingdom edged up 0.2%.
Saudi Arabia's annual inflation rate came in at 1.7% in April, down from 1.8% in March, the country's General Authority for Statistics said Thursday.The consensus estimate for the month was 1.8%.On a monthly basis, consumer prices in Saudi Arabia were 0.2% higher, against a 0.3% uptick previously and the expected 0.4% gain.
The Tadawul All Share Index closed on Wednesday 0.17% lower as market watchers await Saudi Arabia's latest inflation print on Thursday, as well as the outcome of the US visit to China.US President Donald Trump is set to meet his Chinese counterpart, Xi Jinping, at a two-day summit in Beijing, China. The meeting will focus on Trump's request to "open up" the Asian nation to American businesses."The premise for the meeting between the leaders of the US and China has changed on multiple fronts since Trump and Xi agreed on a trade war truce in Busan last October," Danske Bank said in a note. "The countries could agree on China increasing purchases of US agricultural goods, an extended tariff truce and establishment of mutual trade and investment 'boards', though these should be seen as largely symbolical. Change in the wording of US policy on Taiwan would be a major victory for China."Dampening sentiment during the session, the Saudi Air Force reportedly launched retaliatory attacks on Iran. The strikes were reportedly followed by diplomatic talks to de-escalate the situation, Reuters reported, citing Iranian and Western officials.On the corporate front, Advanced Building Industries (SASE:2240), d/b/a Senaat, ticked up 1.34% as its Advance Construction Solutions Co. for Projects, or Zodcon, unit secured a 20-month project to develop a multi-purpose facility for the TKE Alat Manufacturing Co. joint venture.Meanwhile, Almasane Alkobra Mining (SASE:1322), d/b/a Amak, restarted the operations of its Al Masane plant after a 16-week operations halt. The facility processes base metals, zinc, and copper concentrates. Shares of the mining company closed 0.62% in the red.
The International Energy Agency expects to see further price volatility in 2026, with global oil inventories being depleted at a record pace since the Middle East war began in February amid the closure of the Strait of Hormuz.In its May oil market report published Wednesday, the IEA said global oil supply fell to 95.1 million barrels per day in April, while observed global inventories, including oil on water, were drawn down by 4 million barrels a day in March and April.Looking ahead, global supply is anticipated to decline by 3.9 million barrels of oil per day on average in 2026, to 102.2 million barrels per day, under the assumption that flows through the Strait of Hormuz will gradually resume from June.Meanwhile, the IEA now expects oil demand to contract by 420,000 barrels per day on an annual basis this year to 104 million barrels per day, which is 1.3 million-barrels-per-day below its projections before the war.
The Tadawul All Share Index is back in the red at 1.07% on Tuesday as investors tuned in to the world's biggest economy's latest inflation print for April and its possible effect on the US Federal Reserve's next policy moves.The US annual inflation rate rose to 3.8% in April, compared with 3.3% in the prior month. The core rate, meanwhile, also climbed to 2.8% from 2.6% in March."That core figure is ultimately what matters most for the Fed. Still, it is probably too early to expect clear evidence of second‑round effects, and we suspect that a hotter‑than‑expected headline print could be sufficient to give the recent hawkish repricing in the USD swap curve some additional momentum. There is currently 7bp of Fed tightening in the curve by year-end," ING said in a note.In other news, market watchers are also focusing on US President Donald Trump's visit to China from Thursday to Friday. The meeting, which will also be attended by a business delegation, will focus on trade deals, Reuters reported.Back at home, L'azurde Co. for Jewelry (SASE:4011), Almoosa Health (SASE:4018), and Obeikan Glass (SASE:4145) posted lower attributable net profit for the first quarter of 2026. However, all three stocks logged higher revenue for the three months ended March 31.L'azurde Co. for Jewelry, Almoosa Health, and Obeikan Glass closed 2.35%, 3.47%, and 8.93% lower, respectively.Meanwhile, on the corporate front, Arabian Pipes Co. (SASE:2200) ticked up 3.29% as it secured a 12-month deal to produce and deliver OCTG Casings pipes to Kuwait's KAC Trading.
Saudi Exchange-traded shares extended a winning streak on Monday as a busy earnings day pushed the Tadawul All Share Index 0.39% in the green.Amid a myriad of new earnings reports in Saudi Arabia, Ades Holding (SASE:2382), United Electronics Co. (SASE:4003), d/b/a eXtra, and Al Mawarid Manpower (SASE:1833) posted higher net profit and revenue for the first quarter of 2026.Polyethylene pipes and fittings manufacturer Alwasail Industrial (SASE:4148), however, logged a 62.439% decline in net profit and a 12.868% decrease in revenue for the three months ended March 31.Ades Holding, eXtra, and Al Mawarid Manpower all closed in the green at 0.88%, 0.75%, and 2.65%, while Alwasail Industrial ticked down 2.08%.In international news, US President Donald Trump rejected Iran's response to its peace proposal, in which it demands the lifting of the US blockade at the Strait of Hormuz, the release of frozen Iranian assets, among others."The oil market remains heavily headline-driven, with prices surging after President Trump rejected Iran's latest peace plan proposal. One would expect the market to become increasingly fatigued by the deluge of headlines and the back-and-forth. However, oil prices remain highly sensitive to noise around Iran, highlighting the significance of the ongoing supply disruptions in the Persian Gulf," ING said in a note.Back at home and on the corporate front, Perfect Presentation for Commercial Services Co. (SASE:7204), d/b/a 2P, closed 2.04% lower as it secured a contract to deliver managed services for Prince Sattam bin Abdulaziz University's IT infrastructure, among others.
The Tadawul All Share Index started the week 0.76% higher as investors assessed Saudi Arabia's latest economic data and earnings reports.Official preliminary data from Saudi Arabia's General Authority for Statistics showed that the industrial production index dropped 14.1% year over year in March. Month over month, industrial production fell 22.3%."The index of oil activities decreased by 20.0% in March 2026 compared to the same month of the previous year, while the index of non-oil activities remained stable at a level close to its performance in the same period of the previous year. The results also indicated that the index of oil activities decreased by 30.8% while the index of non-oil activities increased by 1.4% compared to February 2026," the statistics agency said in its report.Speaking of economic releases, the local calendar will see the release of the kingdom's inflation and wholesale prices data for April on Thursday.In other news, investors are focusing on the latest updates regarding the operations of the Strait of Hormuz and the Middle Eastern conflict. Reuters reported that the US is waiting for Iran's response regarding its proposal to end the war.Back at home, a slew of earnings dominated headlines as several companies published their first-quarter financial statements. The bourse's biggest company, Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, ticked up 0.81% as it posted a 25.553% increase in net profit and a 6.766% climb in revenue.Saudi Aramco Base Oil Co. (SASE:2223), d/b/a Luberef, also posted higher attributable profit and revenue in the March quarter. Acwa Power (SASE:2082), however, reported a decline in its profit for the three months ended March 31.Acwa Power closed 1.65% higher, while Luberef shares closed 0.17% lower.
Saudi Arabia's industrial production index declined 14.1% year over year in March, following a revised 15% growth in February, the kingdom's General Authority for Statistics said Sunday.The increase was mainly driven by a decrease in mining and quarrying activity, as well as manufacturing activity. However the sub-index of water supply, sewerage and waste management and remediation activities rose 1.1% during the reporting month.On a monthly basis, the index dropped 22.3%.
Saudi Exchange-traded shares closed out the week higher as the improving business optimism in Saudi Arabia pushed the Tadawul All Share Index to 0.75% in the green on Thursday.The kingdom's business confidence index in April increased to 54.5, up from 52.1 in March, with the separate confidence indices for the industry, construction, and services also rising during the reporting period, according to a report from the General Authority for Statistics.Also boosting sentiment is the prospect of the US and Iran inching closer to the end of their conflict. A Pakistani source said that both sides are working on a temporary deal that would stabilize the Strait of Hormuz, as well as stop the conflict from restarting, Reuters reported."Reports of a US-Iran peace deal are gaining credibility, with Pakistan's foreign ministry stating it expects a resolution 'very soon' and Washington anticipating an Iranian response within 48 hours. Even if a deal is struck, Rystad Energy cautions that the consequences for physical oil markets will be slower and more conditional than futures prices are currently pricing in," Rystad Energy said in a note. "This is not a resolution, it is a structured pause, a distinction that matters enormously for physical barrels."Back at home, another wave of earnings reports came in, with Saudi Public Transport Co. (SASE:4040), d/b/a Saptco, and Filling and Packing Materials Manufacturing (SASE:2180), d/b/a Fipco, swinging to a profit in the three months ended March 31. Middle East Paper Co. (SASE:1202), d/b/a Mepco, however, turned to a loss for the March quarter.Saptco and Mepco closed 10% and 0.28% in the red, respectively. Fipco closed 2% higher.Meanwhile, National Co. for Learning and Education (SASE:4291), or NCLE, shares edged down 0.75% as it secured long-and short-term Sharia-compliant credit facilities totaling 230 million Saudi riyals. The funding will be used for its expansion plans.
Saudi Arabia's business confidence index stood at 54.5 points in April, up from 52.1 points in March, data from the General Authority for Statistics showed Thursday.The monthly change in confidence was 4.6% higher, compared with a 14.2% decrease earlier.The statistics agency noted that the reading reflected sustained optimism in the business sector, underpinned by expectations of continued growth in various segments and confidence in the stability of economic activity.
The Tadawul All Share Index closed Wednesday 0.52% in the red as investors tuned in to the latest updates regarding the peace deal between the US and Iran.A Pakistani source reportedly said that the US and Iran are set to finalize a one-page memorandum to conclude the Middle Eastern conflict. The 14-point deal reportedly included the unfreezing of Iranian funds, sanctions lifts, and others.In other news, Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, lowered North West Europe, Mediterranean, and Asian main crude oil prices in June. Price tags for the North American region, meanwhile, were unchanged. Aramco shares closed 2.81% lower."Oil prices are under renewed pressure as the ceasefire between the US and Iran appears to be holding despite recent escalation in the Persian Gulf," ING said in a note. "Saudi Arabia cut its official selling price for its flagship Arab Light to Asia for June. The OSP was cut from a record US$19.50/bbl premium over the benchmark in May to US$15.50/bbl. This is still the second-highest OSP on record. Crucially, this price assumes loadings from Ras Tanura, which sits in the Persian Gulf. This is clearly not happening. Instead, crude is being loaded at Yanbu on the Red Sea coast. As a result, final prices may be higher to reflect the logistical costs of shipping from the Red Sea."Back at home, earnings from insurance companies largely dominated headlines in Saudi Arabia. Gulf Insurance Group (SASE:8250), The Co. For Cooperative Insurance (SASE:8010), d/b/a Tawuniya, posted higher results for the March quarter. However, Malath Cooperative Insurance (SASE:8020) logged a decline in attributable profit and insurance revenue for the period.Gulf Insurance, Tawuniya, and Malath Cooperative all closed higher at 9.08%, 6.20%, and 1.35%, respectively.Meanwhile, Saudi Tadawul Group (SASE:1111) ticked up 2.25% after its board recommended to repurchase up to 1,220,000 shares for its employee stock incentive plan.
Saudi Arabia recorded a budget deficit of 125.71 billion Saudi riyals in the first quarter, according to the Ministry of Finance's quarterly report published Tuesday.The latest figure compares with the previous quarter's deficit of 94.85 billion riyals and the year-ago quarter's shortfall of 58.70 billion riyals.
The Tadawul Share Index closed Tuesday 0.75% in the red as Middle Eastern geopolitical tensions overshadowed the cheer about the recovery of Saudi Arabia's non-oil private sector.The Riyad Bank Saudi Arabia Purchasing Managers' Index is back in the expansion threshold in April to 51.5 from 48.8 in the previous month.The report attributed the month-over-month increase to increased output, improved business volumes, and a modest uplift in expectations for activity."The improvement in the PMI reflects a recovery in business activity and new orders, both of which moved back into growth territory. Firms reported higher output levels, supported by an increase in domestic demand and continued progress on existing projects. This suggests that internal economic momentum-driven by government spending, infrastructure development, and private sector participation- continues to act as a key stabilizing force for the economy," Riyad Bank Chief Economist Naif Al-Ghaith commented.Dampening sentiment is the situation in the Strait of Hormuz as the US and Iran launched attacks on each other's ships in the region. The US struck six small boats, while the Iranian side fired warning shots at a US vessel.Further to this, the Middle Eastern nation launched missile and drone attacks on the United Arab Emirates in retaliation for the "US military's adventurism." The strikes resulted in fires at Emirati ports.Back at home and on the corporate front, Sumou Real Estate (SASE:4323) shares closed 0.03% higher as it entered into a 35-year lease deal with Saudi Airlines Real Estate Development for a land plot that will be developed for a mixed-use project in Jeddah.
Business activity and new work in Saudi Arabia's non-oil private sector emerged from contraction in April as output and orders increased despite deferrals in client spending and continued shipping disruptions due to the Middle East conflict.The Riyad Bank Saudi Arabia PMI rose to 51.5 in April from 48.8 in March, exceeding the 50-point neutral threshold and indicating a "modest recovery" in operating conditions, the Riyad Bank and S&P Global said Tuesday.
Saudi Exchange-traded shares closed lower as the renewed geopolitical tensions between the US and Iran pushed the Tadawul All Share Index to 0.91% in the red on Monday.A US warship was reportedly struck by missiles at the Strait of Hormuz, Reuters reported, citing Iran's semi-official Fars news agency. The attacks came after US President Donald Trump disclosed a plan to support stuck vessels in the strait.However, an undisclosed senior official from the US denied reports about the vessel being attacked, Axios reported. Citing the same official, the US will reportedly conduct military action against the Middle nation if it does not submit an "achievable" peace deal.Back at home, Eastern Province Cement (SASE:3080) ended the session 4.98% higher as SNB Capital had an overweight rating on its stock with a price target of 29 Saudi riyals after it released its first quarter results on Sunday."Eastern Cement reported a better than expected set of Q1 26 results with a net income increasing by 16.1% yoy (+75.6% qoq) to SAR72.0mn. This is higher than the SNB Capital and consensus estimates of SAR48.6mn and SAR41.5mn, respectively. We believe the variance in net income was driven by 1) higher than expected revenues which increased by 18.4% yoy (flat qoq) to SAR354mn vs our estimates of SAR320mn mainly due to higher blended average selling prices and 2) lower than expected opex which stood at SAR19.0mn (-5.1% yoy, -9.5% qoq) vs our estimate of SAR22.2mn," SNB Capital said in a note.Meanwhile, Saudi Investment Bank (SASE:1030) concluded its Tier 1 capital sukuk offering worth 1.85 billion Saudi riyals. The offer issued 1,850 sukuk with a par value of 1 million riyals each. Shares of the lender closed 1.19% lower.
The Tadawul All Share Index started the week subdued at 0.05% in the green on Sunday as investors focused on OPEC+'s next crude output policy after the United Arab Emirates' exit from the group.The seven members of the OPEC+ agreed to raise crude production in June by 188,000 barrels per day, with the group continuing to monitor market conditions for market stability. Saudi Arabia, the de facto leader of the group, will be required to produce 10.3 million barrels per day for the month.In other news, US President Donald Trump warned of the potential resumption of military strikes if Iran "misbehaves". On the Iranian side, Foreign Minister Seyed Abbas Araghchi said that it is open to diplomatic talks as long as the US switches its approach.Back at home, Arabian Centres Co. (SASE:4321), d/b/a/ Cenomi Centers, and Umm Al Qura for Development and Construction (SASE:4325) posted lower results for the first quarter of 2026. Meanwhile, SAL Saudi Logistics Services (SASE:4263) logged a 2.297% and 16.072% increase in net profit and revenue, respectively."Net profit increased by 2.3% compared to the same quarter last year, reaching SAR 156.6 million versus SAR 153.1 million. This increase was mainly driven by the growth in revenue from the Cargo Ground Handling Division, along with the Company's continued focus on enhancing operational efficiency, improving business agility, and optimizing costs, reflecting the overall resilience of its performance," SAL Saudi Logistics Services said in its report.SAL Saudi Logistics Services and Cenomi Centers ticked up at 0.30% and 1.99% at closing, while Umm Al Qura for Development closed 0.99% lower.Looking ahead to the week, the economic calendar will see the release of Saudi Arabia's April edition of the Riyad Bank Purchasing Managers' Index on Tuesday, and the April unemployment figures of the US on Friday.
The Organization of the Petroleum Exporting Countries and allies, such as Russia, or OPEC+, will reportedly increase its oil production levels in June, Reuters reported on May 2, citing sources.The sources said that the group plans to raise targets by 188,000 barrels per day at its Sunday meeting, which would include Saudi Arabia, Iraq, Kuwait, Algeria, Kazakhstan, Russia, and Oman. They added that the move is part of its plan to signal a business-as-usual approach amid the conflict in the Middle East.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
The Tadawul All Share Index is back in the red, closing 0.45% lower on Thursday, as the threat of another possible escalation of the US-Iran conflict dampened investor sentiment and raised oil prices."The main catalyst for the latest jump in oil prices was a report from Axios, suggesting that an escalation in the conflict was still being considered as an option. And overnight, they've reported that Trump is set to receive a briefing today on potential plans for military action. According to that article, US Central Command had prepared a 'short and powerful' wave of strikes that would aim to break the negotiating deadlock," Deutsche Bank Research said in a note.In other news, and as expected, the US Federal Reserve decided to maintain interest rates at the 3.5% to 3.75% range at its meeting on Wednesday. At a news conference, Chair Jerome Powell disclosed that he will stay as a governor after his term as chair ends on May 15.Back at home, Saudi Arabia's seasonally adjusted real gross domestic product declined 1.5% quarter over quarter in the first quarter of 2026, flash data from the General Authority for Statistics showed.On the corporate front, Sumou Real Estate (SASE:4323) shares ticked up 0.94% as it secured a 36-month project to manage the superstructure development of the 149-villa Al Dhahiya Residence project in Mecca.
Saudi Arabia's seasonally adjusted real gross domestic product decreased 1.5% on a quarterly basis in the first quarter, compared with a 1.4% rise in the prior three-month period, flash data from the General Authority for Statistics showed Thursday.Annually, the Saudi Arabian economy grew 2.8% during the three-month period, after a 5% increase in the previous quarter.
The Tadawul All Share Index extended its rally, ending Wednesday 0.52% higher, ahead of the highly anticipated monetary policy for the US later in the day."Looking ahead to today, the main highlight will be the Federal Reserve's latest policy decision. They're widely expected to keep rates on hold, so the focus will be on their forward guidance for what they're thinking about future policy. Our US economists think the key question is whether they formally adopt two-sided language about the policy outlook in the statement, and whether Chair Powell indicates a more balanced risk assessment in the press conference. Their base case is that the Fed will wait until June for meaningful changes in guidance, but the risk is that communications skew hawkish," Deutsche Bank Research said in a note.Aside from the US Fed decision, which is only a few hours away from being announced. Market watchers are looking into the United Arab Emirates' decision to pull out of the Organisation of the Petroleum Exporting Countries and the wider OPEC+, in which Saudi Arabia is the de facto leader on Friday.Following a comprehensive review, the Middle Eastern nation's move was attributed to its national interest, as well as its need for flexibility in adapting to market trends.Back at home, Americana Restaurants International (SASE:6015), Modern Mills for Food Products (SASE:2284), and Arabian Pipes Co. (SASE:2200) released their financial statements for the three months ended March 31. The first two stocks reported higher net profit and revenue, while Arabian Pipes logged lower results for the first quarter.Americana Restaurants and Arabian Pipes closed 9.63% and 4.12% higher, respectively. Modern Mills, however, ticked down 0.89%.Meanwhile, Horizon Food Co. (SASE:9564) shares dropped 12.28% as it entered into a two-year, renewable contract to deliver food products to KSH3 Establishment.
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