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162 stories mentioning Tadawul All Share IndexUpdated 4h ago

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

International

World Bank Revises 2026, 2027 Economic Growth Projections for Saudi Arabia

The World Bank revised its 2026 and 2027 economic growth projections for Saudi Arabia amid increased inflationary pressures from higher energy and food prices arising from the Middle East conflict.In its Global Economic Prospects released Thursday, the international organization said it expects the kingdom's gross domestic product to grow 3.1% in 2026, compared with its 4.3% forecast in January.For 2027, Saudi Arabia's GDP is anticipated to expand by 4.9% in 2027, against the World Bank's previous 4.4% estimate, before slowing to 3.7% in 2028.

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Asia Markets

Saudi Equities Close Out Week Higher as US Inflation Takes Spotlight

The Tadawul All Share Index ended the week 0.27% higher on Thursday as investors focused on the US' latest inflation print and its effects on the next rate moves of the US Federal Reserve.The US annual inflation rate rose to 4.2% in May, compared with 3.8% in April. Additionally, the core rate also climbed to 2.9% from 2.8% in the prior month."Broadly speaking, while results from the latest CPI report came in a touch softer than consensus expectations, underlying inflation still remains well above the FOMC's 2 percent inflation objective, which will seemingly keep policymakers squarely on the sideline for at least the next several meetings," Daiwa Capital Markets said in a note. "However, with the war's ultimate impact on the economy and interest rates remaining highly uncertain, policymakers will endeavor to be nimble in their approach - especially as a new Fed Chair presides over his first FOMC meeting next week."Also making headlines during the session are the latest attacks made by Iran and the US against each other. Iran, again, struck US bases in the Middle East, while the US targeted air defense sites, communication systems, and military surveillance.Back at home, Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, will reportedly ship 12 million barrels of oil to China in July as the country is said to keep its crude oil sales to the Asian nation at record lows. Shares of the oil giant closed at 0.44% higher.Meanwhile, Alinma Bank (SASE:1150) edged up 0.65% as it concluded its 12-month share repurchase program for its employee stock incentives plan. The lender purchased 122.6 million Saudi riyals worth of shares at an average price of 24.51 riyals apiece.

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Asia Markets

Tadawul Equities Closer Lower as Saudi's Industrial Production Declines in April

The Tadawul All Share Index closed Wednesday 0.92% lower as the continued decline of Saudi Arabia's industrial production dampened investor sentiment.Official preliminary data from the General Authority for Statistics showed that the kingdom's industrial production index dropped 19.1% annually in April. The decrease was attributed to a decline in all mining and quarrying, as well as the manufacturing activities in the country. Month over month, industrial production fell 6.8%.Also affecting sentiment is the reescalation of the conflict between the US and Iran. The Middle Eastern country launched retaliatory drone and missile attacks on US bases in Bahrain, Kuwait, and Jordan. Meanwhile, the US struck Iran's air defense, surveillance radar facilities, and ground control stations."Over the past 24 hours, the conflict between the US and Iran has escalated again following American strikes launched in direct response to the downing of a US Army Apache helicopter over the Strait of Hormuz," Deutsche Bank Research said in a note. "The exchange has underscored the fragility of the April ceasefire and cast fresh doubt over President Trump's repeated assertions that a broader peace deal was close."Back at home and on the corporate front, National Co. for Learning and Education (SASE:4291), d/b/a NCLE, edged down 0.15% despite logging a 18.535% increase in attributable profit and a 14.857% jump to its revenue for the fiscal third quarter.Meanwhile, SAL Saudi Logistics Services (SASE:4263) secured a renewable yearly contract to deliver air cargo ground handling and other operational services for Fly Khiva Group. Shares of the logistics group ticked up 0.47% at closing.

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International

KOF: Global Coincident Barometer Stabilizes in June; Leading Barometer Up

The KOF Swiss Economic Institute said Wednesday the world economy continued to see moderate growth in June as its global coincident barometer remained stable while its leading barometer rose.The Coincident Global Economic Barometer edged up 0.1 point from the prior month to 103.2 points amid a negative contribution from Asia, Pacific & Africa. Meanwhile, the Leading Global Economic Barometer increased 0.9 point to 101.2 points, thanks to the region's positive contribution offsetting the Western Hemisphere's negative contribution."While both remain slightly above average, the leading indicator has been lower than the coincident indicator for the second consecutive month. From a regional perspective, this is solely driven by sentiment in the Asia-Pacific and African regions. There, the outlook is below average, probably reflecting the consequences of the energy shortage caused by the de facto closure of the Strait of Hormuz," KOF director Jan-Egbert Sturm said.

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International

Saudi's Annual Industrial Production Falls 19.1% in April

Saudi Arabia's industrial production index declined 19.1% year over year in April, following a revised 15.8% decrease in March, the kingdom's General Authority for Statistics said Wednesday.The reading reflects a decline in mining and quarrying activity, as well as manufacturing activity.On a monthly basis, the index dropped 6.8%.

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Asia Markets

Tadawul Shares Surge on Tuesday as Saudi's Real GDP Grows in Q1

Saudi Arabian equities closed higher on Tuesday as the annual growth of the kingdom's economy and continued business optimism lifted the Tadawul All Share Index 1.30% in the green.According to the final data from the General Authority for Statistics, Saudi Arabia's real gross domestic product for the first quarter increased year over year by 3%, which was attributed to a rise in all major economic activities."All economic activities recorded positive year-on-year growth rates. Finance, insurance and business services activities recorded the highest growth rates in Q1 of 2026, increasing by 5.4% Y-o-Y and 1.1% Q-o-Q. These were followed by manufacturing activities excluding petroleum refining, which grew by 4.0% Y-o-Y and 1.4% Q-o-Q. Crude petroleum and natural gas activities also recorded growth of 3.6% Y-o-Y, however, they declined by 7.0% Q-o-Q," the report said.The kingdom's seasonally adjusted real gross domestic product during the quarter, however, declined 1.2% quarter over quarter. The quarterly economic contraction was not as bad as initially feared, based on the initial data that showed a 1.5% decrease.Meanwhile, the kingdom's business confidence index in May increased to 55.6, up from 54.5 in April. The separate confidence indices for the industry, construction, and services also rose during the reporting period.On the corporate front, Arabian Contracting Services (SASE:4071), d/b/a Al Arabia, shares ticked up 3.38% as it entered a nonexclusive three-year deal with Wave Media Advertising to market and sell advertisements.

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International

Business Optimism in Saudi Arabia Improves in May

Saudi Arabia's business confidence index stood at 55.6 points in May, up from 54.5 points in April, data from the General Authority for Statistics showed Tuesday.The monthly change in confidence was 2.1% higher, compared with a 4.6% increase earlier.The statistics agency noted that the reading reflected sustained positive sentiment in the business sector, aided by optimism regarding the stability of economic activity and ongoing growth across various sectors.

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International

Saudi Arabia's Quarterly GDP Down 1.2% in Q1, Final Data Shows

Saudi Arabia's seasonally adjusted real gross domestic product dropped 1.2% on a quarterly basis in the first quarter, compared with the revised 1.3% rise in the prior three-month period, final data from the General Authority for Statistics showed Tuesday.The initial estimate was for a 1.5% decrease in Saudi quarterly GDP.Annually, the country's real GDP grew 3% during the three-month period, against the preliminary reading of a 2.8% gain and a revised 5.2% expansion in the previous quarter.

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Asia Markets

Tadawul Shares End Monday Higher Ahead of Saudi Q1 GDP Growth Rate Data

The Tadawul All Share Index closed Monday 0.41% in the green as investors await Saudi Arabia's latest GDP growth rate numbers on Tuesday.Aside from the upcoming economic releases, which include China's latest inflation print for May, investors are also focusing on the Middle Eastern conflict.Reuters reported that Israel and Iran launched attacks against each other. The Israeli side struck a petrochemical facility, while the Iranian side launched a retaliatory strike against a similar facility in Israel."Iran targeted Israel with a missile attack yesterday after an Israeli strike in Beirut, while Israel's military has responded with strikes against targets in Iran overnight. The IRGC warned yesterday evening that its actions would mark 'a full week of continuous strikes', but there are also signs that the sides are looking to avoid a full escalation, with Axios reporting Israel strikes were 'relatively limited' in scope and Iranian state media denying that it launched a strike towards a US airbase in Saudi Arabia after a missile alert there," Deutsche Bank Research said in a note.Also affecting sentiment is the decision of OPEC+, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, to increase crude production by 188,000 barrels per day in July. Saudi Arabia, the de facto leader of the group, will be required to produce 10.4 million barrels per day during the month.Against this backdrop, Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, lowered its main crude oil prices for its buyers in North West Europe, Mediterranean, North America, and Asia in July. Aramco shares ticked up 0.59% at closing.Meanwhile, Bank AlJazira (SASE:1020) shares closed 0.70% higher as it disclosed its plans to redeem its tier 1 capital certificates worth $500 million on June 29.

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Asia Markets

Saudi Equities Start Week Lower As Middle Eastern Conflict Continues

Saudi Exchange-traded shares closed lower on Sunday as the new geopolitical developments in the Middle East pushed the Tadawul All Share Index 0.56% in the red.The US is looking into using Iran's assets to repair the damage caused by the Middle Eastern country to its Gulf neighbors. US Treasury Secretary Scott Bessent's statement after it was disclosed that having its assets unfrozen is a requirement for its peace deal with the US.Meanwhile, the members of OPEC+, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, will reportedly increase their oil output targets by 188,000 barrels per day in July, the same as the prior month.Back at home and on the corporate front, Aldawaa Medical Services (SASE:4163) ticked down 2.55% at closing as it reported a 78.84% year-over-year drop in attributable net profit and a 7.18% annual decline in its revenue for the first quarter ended March 31."Net profit for the first quarter of 2026 decreased by SAR 83 million, or 78.8%, compared to the same period of the last year, primarily driven by the corresponding decline in revenue and gross profit, while maintaining a broadly stable gross margin of 35.6%. The decline is also contributed by higher operating expenses and non-recurring items during the period as below," the medical services company said in its report.Looking ahead into the week, the local economic calendar will see the release of the kingdom's final GDP growth rate numbers for the first quarter on Tuesday, and the April industrial production data on Wednesday.

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Asia Markets

Saudi Equities End Week Lower; Lebanon, Israel Agree to Ceasefire Deal

The Tadawul Share All Share Index closed out the week lower at 0.11% in the red on Thursday as investors digested the latest updates on the Middle Eastern conflict.Lebanon and Israel agreed to a new ceasefire deal that was mediated by the US, Reuters reported. The new agreement is set to take effect within 24 hours. However, Israel said that it will continue its attacks on Hezbollah facilities in Lebanon, with the strikes in the Southern region of the country resulting in one fatality.Against this backdrop, the US House of Representatives voted for a war powers resolution that would potentially block President Donald Trump from continuing the conflict with Iran. The resolution will now be passed by the Senate, which must also approve the legislation."There was little clarity from Trump himself, who said the negotiations could complete over the weekend but could go on another two, three weeks. So tensions seemed to be ratcheting up again, and hopes for a durable peace deal continued to decline. Meanwhile, CNN reported yesterday that one of the key sticking points was monetary compensation for Iran. Otherwise, the US House of Representatives did vote against the Iran war in a 215-208 vote yesterday, after four Republicans joined with the Democrats. But in practice that won't end the military conflict, as the Senate would also need to pass it, and Trump could issue a veto as well," Deutsche Bank Research said in a note.Back at home, Saudi Vitrified Clay Pipes (SASE:2360) ticked down 0.81% as it entered into a 15-month deal to supply vitrified clay pipes, fittings, and accessories for a sewage networks project. The equipment will be used for the second phase of the Sabya Villages project.Meanwhile, the board of Marketing Home Group for Trading Co. (SASE:4194), d/b/a Build Station, resolved to distribute a dividend of 2.25 Saudi riyals per share for the first quarter. It will pay the dividend on June 16 to shareholders on record as of June 8. Shares of the trade and development company surged 9.98% at closing.

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Asia Markets

Tadawul Shares Close Lower on Wednesday; Saudi Arabia's PMI Shows 'Notable Improvement' in May

The Tadawul Share Index closed Wednesday 0.12% in the red as the geopolitical tensions in the Middle East overshadowed the cheer about the continued growth of Saudi Arabia's non-oil private sector.The Riyad Bank Purchasing Managers' Index, a closely watched survey of the kingdom's business conditions, grew to 52.8 in May from 51.5 in the prior month. Data showed an uptick in market demand and output."The improvement was mainly driven by stronger output and new orders, supported by improving domestic demand and the restart of previously delayed projects. Firms reported better business conditions during May, with output growth reaching its strongest level in three months," Riyad Bank Chief Economist Naif Al-Ghaith commented. "Employment also returned to growth, while purchasing activity improved for the first time since February, reflecting rising confidence among businesses regarding future demand conditions."Dampening sentiment is Iran's missile and drone strikes in Kuwait. The incident resulted in damage at the Kuwait International Airport and at least one casualty. The US, meanwhile, also launched attacks on Qeshm Island near the Strait of Hormuz.Back at home, the Office of the US Trade Representative proposed to impose additional US duties between 10% and 12.5% on Saudi Arabia after a Section 301 investigation. The investigation found that the Middle Eastern country did not impose or effectively implement prohibitions on the importation of products made using forced labor.On the corporate front, Retal Urban Development (SASE:4322) secured a contract to act as the exclusive development manager of the Retal Heights project in Riyadh. Shares of the real estate developer closed flat.

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PMI: Non-oil Private Sector Growth in Saudi Arabia, UAE Picks Up Against Tense Geopolitical Backdrop
US Markets

PMI: Non-oil Private Sector Growth in Saudi Arabia, UAE Picks Up Against Tense Geopolitical Backdrop

Expansion in the non-oil private sectors of Saudi Arabia and the United Arab Emirates improved in May but remained well below their respective long-run averages as regional geopolitical tensions continued to dampen new business growth, surveys conducted by S&P Global showed Wednesday.The seasonally adjusted Riyad Bank Saudi Arabia PMI climbed to 52.8 in May from 51.5 in April, against the historical average of 56.8. The "notable" improvement in business activity was the quickest in three months as domestic demand and stabilizing supply chains led to a sharp rise in production.Employment also swung back to growth, while purchasing activity trended higher for the first time since February. Still, shipping disruptions, higher freight and fuel costs, and regional tensions weighed down external demand, leading to a steep drop in new export orders for a third straight month."Overall, the latest PMI reading supports the expectation that Saudi Arabia's non-oil economy will continue its upward trend during the remainder of 2026," Riyad Bank Chief Economist Naif Al-Ghaith said. "Improving domestic demand, stabilizing supply chains, contained inflation, strong government-led investment activity, and healthy trade performance collectively provide a strong foundation for continued private sector expansion."In the Emirates, the improvement in non-oil private sector conditions was only moderate in May. The seasonally adjusted S&P Global UAE PMI edged up to 52.6 from 52.1 in April, staying under its long-run average of 54.3.Survey respondents reported heightened supply-chain disruptions, because of which new business growth remained subdued, holding close to April's 62-month low. A decline in exports also impacted order books.Still, output growth reached a three-month high, with 21% of businesses seeing increased activity, thanks to stronger market demand, project expansion and government-backed initiatives."Positively, the longer-term outlook remained strong in May, suggesting that [Emirati] businesses still view these current challenges as temporary and expect growth to bounce back quickly," S&P Global Principal Economist David Owen concluded.

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US Proposes New Tariffs on EU Over Forced Labor as Brussels Advances Trade Deal
US Markets

US Proposes New Tariffs on EU Over Forced Labor as Brussels Advances Trade Deal

The US on Tuesday proposed additional tariffs on 60 economies, including the European Union, following an investigation into the enforcement of forced labor import prohibitions.As part of a Section 301 investigation, the Office of the US Trade Representative threatened an extra 10% duty on the EU, stemming from findings that the bloc failed to "effectively" block forced labor imports. The proposed tariffs were announced on the same day that the European Parliament's trade committee granted preliminary approval for a trade agreement reached with the US in the third quarter of 2025.The targeted 27-nation bloc joins countries like Canada, Mexico and Pakistan, which will face the 10% tariff rate because they established partial enforcement regimes or have committed to doing so through reciprocal trade agreements. Meanwhile, other economies, including Switzerland, Saudi Arabia, South Africa and the United Arab Emirates, will be hit by a steeper 12.5% tariff rate on failure "to impose and effectively enforce a prohibition on the importation of goods produced with forced labor.""The failure of our most important trading partners to address the importation of goods made with forced labor is unacceptable," said US Trade Representative Jamieson Greer. "This creates a dynamic where American workers are forced to compete globally on an unlevel playing field. We will no longer tolerate this disparity."The United States Trade Representative invited public feedback on the proposal, setting a deadline of July 6 for written comments and scheduling public hearings for July 7.Danske Bank noted that the move clears the path for permanent tariffs to take over when the 10% Section 122 duties expire on July 24. "While the shift in legal basis could still face court challenges, overall tariff levels for now should remain little changed when the authority 'switches' from Section 122 to Section 301," the bank wrote.

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International

PMI: Saudi Arabia's Non-oil Private Sector Growth Accelerates in May on Domestic Demand Boost

Saudi Arabia's non-oil private sector growth improved in May as domestic demand and stabilizing supply chains led to a sharp rise in production, the Riyad Bank and S&P Global said Wednesday.The seasonally adjusted Riyad Bank Saudi Arabia PMI rose to 52.8 in May from 51.5 in April. The index remains below its long-run average of 56.8 as ongoing regional geopolitical tensions continued to weigh on exports and new order growth.

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Asia Markets

Tadawul Shares End Tuesday Muted on Partial Hezbollah-Israel Ceasefire Deal

Saudi Arabian equities were subdued on Tuesday, with the Tadawul All Share Index closing at 0.05% in the green as Lebanon and Israel took steps to de-escalate the Middle Eastern conflict.Investors cheered as Lebanon disclosed a partial ceasefire deal between Israel and Hezbollah. The deal will see Hezbollah cease its attacks on Israel, while the Israeli side will avoid attacking Beirut and Hezbollah-controlled suburbs.Market watchers welcomed the news as an Israel-Lebanon ceasefire deal was one of Iran's conditions to end its conflict with the US. However, the US said that the conflict between Israel and Hezbollah was not related to its conflict with Iran."A little later, further escalatory risks came into play, as Iran also threatened to target northern Israel if Israel continued attacks on Lebanon. That was according to Iran's ISNA news, who cited the country's Central Military Command. This marked a clear shift from the more hopeful tone of last week. The mood did then improve later in the session as Trump sought to de-escalate the tensions in Lebanon, with the US President claiming that Israel and Hezbollah agreed to "stop shooting" at each other after his calls with their respective leaders," Deutsche Bank Research said in a note.Back at home, Axelerated Solutions for Information and Communication Technology (SASE:9637) shares ticked up 3.96% as it signed a memorandum of understanding to acquire a 30% stake in the Shaheen Electronic Insurance Broker platform.Meanwhile, Anmat Technology for Trading (SASE:9639) won a contract from Saudi Energy Co. (SASE:5110) for an end-user device replacement and expansion project in the kingdom. Anmat Technology and Saudi Energy closed 5.86% and 1.65% higher, respectively.

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Asia Markets

Tadawul Shares Decline on Monday as Geopolitical Tensions Flare

Saudi Exchange-traded shares started June lower as the geopolitical developments between the US and Iran pushed the Tadawul All Share Index 0.62% in the red on Monday.The US and Iran traded strikes on each other's military targets. The US reportedly attacked the Middle Eastern country's drones, air defenses, and ground control station. Meanwhile, Iran struck a US military air base as a retaliatory attack.Also dampening sentiment is Israel's military action in Beirut, Lebanon. Israeli Prime Minister Benjamin Netanyahu said that the order was done to defend Israel from Hezbollah attacks."For now, it seems Mr Trump is still deciding on whether the current negotiations between the two nations satisfy his demands. He has been surprisingly quiet over the weekend which indicates things perhaps coming close to a head. Meanwhile Israel and Hezbollah are trading attacks again which complicates matters even if fresh ceasefire proposals are being worked on. We could have said this a week ago, but it really feels like the next few hours and days will be critical," Deutsche Bank Research said in a note.Data from the Saudi Central Bank showed that the country's April M3 money supply rose 10% year over year, following a 8.2% growth in March. Meanwhile, private bank lending grew 7.2% in the reporting month, compared with the 7.4% increase in the prior month.On the corporate front, Ladun Investment (SASE:9535) shares ticked up 1.74% as it plans to form a closed-ended private real estate investment fund with Al-Ayuni Investment and Contracting Co. for the Khalidiyah informal settlement redevelopment project in Makkah.

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International

Saudi Arabia's Private Bank Lending Rises 7.2% in April

Saudi Arabia's private bank lending increased 7.2% year over year in April, following a 7.4% growth in March, the Saudi Central Bank said Monday.

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International

Saudi Arabia's M3 Money Supply Up 10% in April

Saudi Arabia's M3 money supply grew 10% year over year in April, following an 8.2% rise in March, the Saudi Central Bank said Monday.

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Asia Markets

Tadawul Shares Close Higher After Week-long Eid Holidays; Senaat Unit Plans Main Market Listing

The Tadawul All Share Index closed 0.29% in the green on Sunday as investors assessed a potential new listing, among other corporate announcements.Saudi Industrial Development Co. (SASE:2130), d/b/a SIDC, gained the most at 9.98% during the session, which resumed after a week-long hiatus for Eid.Gulf Insulation Group, a unit of Advanced Building Industries (SASE:2240), d/b/a Senaat, filed an application with the Saudi Exchange to list its shares on the main market, sending the Saudi builder's stock up 2.49% at closing.Arabian Pipes Co. (SASE:2200) entered into a 62 million-Saudi-riyal contract with Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, to produce and deliver steel pipes to the oil giant for 10 months. The steel tube manufacturer's shares rose 2.32%, while Aramco's shares fell 1.29%.In broader news, Saudi ​Arabia may reduce oil prices for Asian buyers again in July as the potential for a US-Iran deal to end the war and reopen the Strait of Hormuz weakens demand, Reuters reported, citing a survey of unidentified industry sources. The July official selling price for flagship Arab Light crude could decline to a premium of $7.50 to $12.50 per barrel ​above the average Dubai and Oman quotes, $3 to $8 a ​barrel below the June OSP.At the same time, US Defense Secretary Pete Hegseth said on May 30 that the administration is prepared to resume attacks on Iran if Washington and Tehran can not enter an agreement. At the Asian forum for defense leaders Shangri-La Dialogue, Hegseth added the US is "more than capable," with stockpiles "both there and around the globe.""The Middle East has been subject to heightened uncertainty and disruption since end-February, due largely to the Iran war," Fitch Ratings said. "There have been no Middle East issuer downgrades since end-February, but Fitch has placed several ratings on Rating Watch Negative and revised some Outlooks to Negative from Stable, or to Stable from Positive. These actions point to the persistence of significant risks around the war that, if crystallised, could lead to broader rating downgrades."

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