241 stories mentioning Tadawul All Share IndexUpdated 9h ago
Saudi Arabia's Tadawul index closed muted as investors weighed rising May inflation, a construction-sector rebound, and US-Iran conflict updates.
Issued building permits in Saudi Arabia jumped 20.3% annually in June, following a 33.3% plunge in the previous month, according to preliminary data from the General Authority for Statistics released Thursday.On a monthly basis, the short-term business indicators statistics showed a 0.2% dip in issued building permits.
Saudi Arabia's employee compensation index climbed 9.1% on an annual basis in June, compared with a 9.8% rise in the previous month.The monthly growth for employee compensation stood at 1.6%, following a 0.1% increase in May, according to preliminary data from the kingdom's General Authority for Statistics released Thursday.
Saudi Exchange-traded shares ended Wednesday's trading 0.13% in the green as investors await the US Federal Reserve's latest meeting minutes later in the day.The Tadawul All Share Index observed a temporary disruption, which the exchange operator attributed to a technical issue. The bourse fully resumed operations at 10:30 am local time."For today, the focus will be on tonight's release of the FOMC minutes for the July meeting. Recall that the vote was 9-3 for unchanged rates and the event proved a dovish one for the short end of the US curve and the dollar, while the long end sold off. The suspicion is that the 12-member FOMC is less hawkish than the participants whose projections delivered forecasts of a 9:9 split for a hike in the June set of Dot Plots. So while there may be a few hawkish references in tonight's minutes that could nudge the dollar and short-dated rates a little firmer, we do not see the minutes as a game changer," ING said in a note.In other news, oil prices rose as uncertainty regarding the operations of the Strait of Hormuz affected vessel traffic on the waterway. Reuters reported, citing data analytics company Kpler, that six commodity ships passed the area, which was less than the 10-day daily average of 11.Back at home and on the corporate front, Arabian Centres Co. (SASE:4321), d/b/a Cenomi Centers, secured a deal to plan, manage, and develop the Al Madinah Downtown project's retail and shopping mall elements. Shares of the real estate developer closed flat.Meanwhile, Nofoth Food Products (SASE:2288) shares ticked up 1.18% as it agreed to buy a 65% stake in Plenty Food Co. to boost and diversify its food and beverage portfolio.
The Tadawul All Share Index closed subdued on Tuesday at 0.03% in the green as market watchers keep watch on the US-Iran developments in their peace deal.US President Donald Trump expressed no interest in renewing the 60-day memorandum of understanding signed with Iran in June and also threatened military action against Oman if it intervenes in its efforts to reopen the Strait of Hormuz.Reuters reported Monday, citing a senior Iranian official, that Iran will shift to a "fully offensive" military stance as diplomatic efforts to finalize a deal with the US stalled. The media outlet also cited Iranian negotiator Mohammad Baqer Qalibaf on Tuesday, saying that Iran will keep the Strait of Hormuz closed until the US fulfills its conditions, including removal of naval blockade and sanctions, release of frozen assets, and an end to military action on all fronts."Trump said there was a back channel with officials from Iran's Revolutionary Guard, but that he was in 'no hurry'. Meanwhile, Iran denied Trump's assertions of a back channel, saying 'There are no talks taking place between IRGC officials and the Americans'. US Energy Secretary Chris Wright also didn't sound in any rush either for a deal, saying that the US is playing the long game with Iran," Deutsche Bank Research said in a note.In other news, market watchers will also look out for the US Federal Reserve's latest meeting minutes on Wednesday. The minutes are slated to give insights into the group's next rate moves.Back at home and on the corporate front, Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, and Saudi Arabian Mining Co. (SASE:1211), d/b/a Ma'aden, will form a joint venture that will focus on mineral exploration and hard-rock mining in the kingdom.Aramco and Ma'aden closed 0.23% and 1.85% in the green, respectively.Meanwhile, Retal Urban Development (SASE:4322) shares closed 0.11% higher as its Building and Construction Co. unit entered into a 12-month deal to design and deliver building services for the Remal Business Court project in Al Khobar.
The Tadawul All Share Index closed lower on Monday at 0.11% in the red as market watchers kept their attention on updates regarding the US-Israel meeting slated for the day.Reuters reported that US envoy Jared Kushner is set to meet Israeli Prime Minister Benjamin Netanyahu to discuss US President Donald Trump's Gaza peace plan. The meeting follows Israeli attacks on the Gaza Strip, which caused casualties and injuries.In other news, investors continue to monitor the activity in the Strait of Hormuz. Shipping on the route has visibly slowed down as the conflict in the Middle East continues."Prices remained supported by renewed fighting in Lebanon and attacks on vessels in the Strait of Hormuz, raising concerns over regional supply disruptions and complicating prospects for a US-Iran deal. Several vessels, including ships linked to Abu Dhabi National Oil Co., were reportedly targeted in the waterway late last week," ING said in a note.Back at home, Naf Co. for Feed for Industry (SASE:9644) shares surged 20.55% as its board recommended increasing its capital to 30 million Saudi riyals through bonus share issues. The capital boost is set to boost the animal feed producer's financial position.Meanwhile, Scientific and Medical Equipment House (SASE:4014) entered into a deal to deliver catering services to the General Administration of Medical Services of the Armed Forces' hospitals. Shares of the medical device company closed 0.58% in the green.
Gulf Marine Services (GMS.L) secured an 183-day extension to a contract that involves one of its small-class vessels in the Gulf Cooperation Council region.The offshore energy support vessels company said Monday that the agreement, which was obtained from an undisclosed Middle Eastern national oil company, includes two three-month extension options.
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.
Técnicas Reunidas (TRE.MC) accepted a letter of intent for a $1.65 billion project to develop onshore gas facilities in the Middle East.The Spanish engineering and construction company will build the facilities required for the reception, processing, and export of gas produced at the field under the proposed engineering, procurement, construction and commissioning contract, according to a Thursday release. The deal will be signed on a lump sum turnkey basis.
The Tadawul All Share Index ended the week lower at 0.19% in the red on Thursday as investors assessed the latest set of economic releases from Saudi Arabia.According to the kingdom's General Authority for Statistics, the annual inflation rate for July remained stable at 1.8%. On a monthly basis, consumer prices in the kingdom edged up 0.2%."The housing, water, electricity, gas and other fuels division is the main contributor to the annual inflation with a contribution of 0.8 percentage points, followed by the food and beverages division with a contribution of 0.3 percentage points, in addition to the transport division with a contribution of 0.2 percentage points, the personal care, social protection and other goods and services division with a contribution of 0.2 percentage points, and the other divisions that contributed by 0.3 percentage points," the statistics agency said in its report.The country's wholesale prices saw a 5% year-over-year growth in July from a 4.8% rise in the prior month. Meanwhile, Saudi's producer price index data showed an 8.5% annual increase in June. Month over month, the index ticked up 0.6%.In other news, Saudi Arabia, Turkey, and Pakistan will hold joint military exercises to boost the three countries' defense industry partnership, Reuters reported, citing the Turkish defense ministry. The three signed the Mecca Joint Defence Agreement on Aug. 7.Back at home and on the corporate front, Riyadh Steel (SASE:9588) closed 3.10% higher as it logged mixed results in the first half. The steel manufacturer reported a 145.8% surge in attributable net profit and a 15% decrease in sales.
Saudi Arabia's annual consumer inflation remained at 1.8% for the third straight month in July, as expected, while the kingdom's wholesale costs continued to climb, according to economic data published Thursday.The country's General Authority for Statistics said the higher prices were driven by a 4.2% jump in housing, fuel and utility expenses, followed by increases of 1.5% in food and beverages and 1.4% in transportation.Month-on-month, consumer prices in the country grew 0.2%, unchanged for the fourth consecutive month and above the consensus estimate of a 0.1% gain.Meanwhile, annual wholesale price inflation in Saudi Arabia accelerated to 5% in July, following a 4.8% growth in the previous month. The increase was primarily fueled by a 1.5% rise in metal products, machinery and equipment as well as a 9.7% surge in other transportable goods.Conversely, the kingdom's monthly wholesale price growth stabilized, down from the 0.2% uptick in June. The change was attributed to a 1.8% 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 growth came in at 8.5% year over year in June, following a 7.5% rise a month ago, due to higher costs in manufacturing, utilities and water and waste management services. On a monthly basis, the index ticked up 0.6% amid an increase in manufacturing prices.
The producer price index in Saudi Arabia rose 8.5% year over year in June, after a 7.5% jump in May, according to data from the General Authority for Statistics released Thursday.On a monthly basis, the index was 0.6% higher, compared with the 1.8% decline earlier.
Saudi Arabia's wholesale prices increased 5% year over year in July, following a 4.8% rise in June, the country's General Authority for Statistics said Thursday.On a monthly basis, wholesale prices in the kingdom held steady, compared with a 0.2% gain earlier.
Saudi Arabia's annual inflation rate came in at 1.8% in July, unchanged from June and May, 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, consistent with the previous month's reading and against the consensus estimate of a 0.1% rise.
Saipem (SPM.MI) said Wednesday it received an offshore contract in the Middle East worth $1.8 billion.The Italian company will provide engineering, procurement, construction and installation services for offshore and subsea facilities under the contract.
The Tadawul All Share Index closed 0.10% higher on Wednesday as market watchers turned their attention to the latest July inflation data of the world's top economy.The US annual inflation rate declined to 3.4% in July from 3.5% in June. Meanwhile, the core rate ticked down to 2.5% from 2.6%."We get updates on the two most important fundamental drivers of US Treasuries on Wednesday, namely US inflation and the fiscal deficit," ING said in a note. "Recently, the bigger attention has been more on the former than the latter, as upward pressure on energy prices in addition to prior tariff price hikes saw inflation print uncomfortably high. To the extent that these impulses have maxed out, there is a path ahead for easing in inflation as we progress through the remainder of 2026."Also making headlines is the continued conflict in the Middle East. Iran-aligned Houthi forces and the US reportedly launched separate attacks on vessels in the Gulf of Oman and at the Red Sea. The attacks are said to have caused casualties.Back at home, Basma Adeem Medical (SASE:9626), d/b/a Smile Care, gained 8.63% as it reported an 87.1% increase in attributable profit and 50.4% growth in sales for the six months ended June 30.Meanwhile, Alkhorayef Water and Power Technologies (SASE:2081) secured a 36-month contract to operate and maintain the water and wastewater networks in Al Khobar. Shares of the water and wastewater management company closed 0.76% in the green.
The International Energy Agency expects global oil demand to fall more than previously anticipated in 2026, as maritime and supply chain disruptions caused by renewed hostilities between the US and Iran undermined recovery efforts.In its August oil market report published Wednesday, the IEA said global oil demand is now projected to decline by 1.6 million barrels per day on average in 2026, 510,000 barrels per day higher than its forecast a month ago, as fuel prices remained elevated due to the continued closure of the Strait of Hormuz after the interim ceasefire deal collapsed mid-June. Demand is anticipated to see growth in the final quarter of 2026, then expand by 2.4 million barrels per day in 2027.Meanwhile, global supply is now forecast to drop by an average of 4.3 million barrels of oil per day in 2026, to 102 million barrels per day, before rebounding by 8.3 million barrels per day to 110.3 million barrels per day in the next year."Although the market is projected to return to surplus towards the end of this year, risks remain substantial and the urgency of reopening the Strait has increased, as previously available inventory buffers are rapidly depleting," the IEA noted.
Samos Energy and Saudi investment company Cafani Group's Alamadiyaf al-Masiyyah for Trading Co will not make offers for London-listed Capricorn Energy (CNE.L), according to separate Tuesday filings.Under the UK City Code on Takeovers and Mergers, the companies may revisit their potential offers if oil producer Genel Energy's (GENL.L) existing offer for Capricorn Energy is withdrawn or lapses, among other conditions.
The Tadawul All Share Index closed the Tuesday session lower at 0.11% in the red as investors brace for the US' latest inflation print and its potential effect on the US Federal Reserve's next rate move."What could make the Fed delay rate hikes, however, would be a low July CPI report this week. But we would note that even a low CPI print (say, where core declines to 2.4-2.5% in July, from 2.6% in June), might not be enough to negate the concerns of the Fed's hawks, which seem to focus on the durability of above-target inflation for the past four years," Macquarie analysts said. "But could the data push the FOMC to delay the rate hike to December? Yes, it could. The reasons for a December hike are that the Fed will be issuing a new 'dots' and SEP in December, making the December a focal point for the Fed to change its policy settings."Market watchers are also on the lookout for Saudi's latest July inflation data, which is due on Thursday. The kingdom's annual inflation rate is expected to remain stable at 1.8% in July.In other news, US President Donald Trump requested compensation from Iran regarding the conflict between the two nations, among other reasons, Reuters reported. Trump's proposal comes after Iran outlined the conditions that the US follow to reopen the Strait of Hormuz.Back at home and on the corporate front, Amana Cooperative Insurance (SASE:8310) shares closed 3.03% lower as its board recommended lowering its capital to 301 million Saudi riyals. The capital decrease will be made to offset accumulated losses.Meanwhile, another round of earnings reports was released as Middle East Specialized Cables Co. (SASE:2370), Dar Albalad for Business Solutions (SASE:7205), and Baazeem Trading (SASE:4051) reported higher attributable net profit and revenue for the first half of 2026.Middle East Specialized Cables, Dar Albalad, and Baazeem Trading shares ticked down 9.27%, 2.13%, and 1.44% at closing.
The Tadawul All Share Index closed Monday 0.26% in the green, supported by the latest round of Saudi corporate earnings, as well as the optimism regarding the prospect of the Strait of Hormuz's reopening.An undisclosed US official said that Iran and Oman were set to conclude the deal that would potentially reopen the Strait of Hormuz. The agreement would reportedly set up new shipping lanes in the Strait, Reuters reported.Iranian Foreign Minister Abbas Araqchi, meanwhile, said that the reopening of the waterway is subject to conditions, such as the US paying compensation and ending maritime blockades, among others.Back at home, official preliminary data from the General Authority for Statistics showed that the kingdom's industrial production index dropped 16.3% year over year in June. Month over month, industrial production ticked up 4.3%.Meanwhile, earnings season is still in full swing as both Marble Design Co. (SASE:9575) and Nofoth Food Products (SASE:2288) logged lower net profit and revenue for the six months ended June 30. Ades Holding (SASE:2382) reported mixed results in the first half as its attributable net profit decreased year over year, while revenue increased.Marble Design and Nofoth Food Products closed 2.93% and 0.98% in the red, respectively. Ades, on the other hand, edged up 0.11%."Financially, the Group delivered strong year-over-year growth during the first half, with revenues increasing by 49.0% and EBITDA rising by 29.2%, despite the temporary suspensions that weighed more significantly on second-quarter performance. The resilience of our diversified international platform helped offset these pressures, supported by strong contributions across key offshore markets and the continued growth of our production model in Egypt's brownfields," Ades' Chief Executive Officer Mohamed Farouk said in its report.In other news, Banan Real Estate (SASE:4324) shares closed 0.33% lower as its Emaar Al-Wasil Al-Motamayezah unit purchased a land plot in Riyadh for 43.4 million Saudi riyals. The land plot will be used for development and future leasing.
The KOF Swiss Economic Institute's global economic barometers diverged in August 2026 but remained above the 100-point level, indicating continued "moderate" economic growth worldwide.The coincident global barometer edged down 0.4 points to 103.2 points, according to a Monday release. The leading barometer, meanwhile, reached its highest level since February 2022, increasing 2.7 points to 104.4 points.The decline in the coincident barometer was mainly due to negative contributions from the Asia, Pacific & Africa region and the Western Hemisphere. On the other hand, the rise in the leading barometer was largely attributed to the positive contribution from the Asia, Pacific & Africa region.
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