Most Important News

1. Fed Chair Waller Refuses to Hint at July Rate Decision, But Says Inflation Is "Too High";
2. Saudi Main Index Extends YTD Gains with 2.9% Increase in H1 2026;
3. Micron Injects $250 Million into “Trump Account”; Trump Calls His Policies a “Huge Success”;

At the close of 1/7/2026, the Tadawul All Shares Index(TASI.SA) increased by 0.53%, closing at 10856.90 points; the Parallel Market Capped Index (NomuC)(NOMUC.SA) fell by 0.60%, closing at 22912.40 points.

As of Wednesday’s close, the S&P 500 index(SPX.US) decreased by 0.22%, the NASDAQ(IXIC.US) fell by 0.66%, and the Dow Jones Industrial Average(DJI.US) decreased by 0.03%.

US June ADP Jobs Data Misses Expectations; Labor Market Trending Towards Stability

The US June "mini non-farm" ADP employment data was released, further confirming that the overall labor market is trending towards stability this year. In June, private sector employment increased by 98,000, lower than May's 122,000 and also below the market expectation of 118,000, marking the smallest increase since March this year.

Fed Chair Waller Refuses to Hint at July Rate Decision, But Says Inflation Is "Too High"

Federal Reserve Chair Kevin Waller spoke at the European Central Bank's Central Banking Forum, declining to provide any hints about what action the central bank might take at its meeting later this month. However, he did point out that inflation remains too high. The partial list of members for the five special working groups he announced last month—to study various functions of the Fed—will be released next week.

Saudi Main Index Extends YTD Gains with 2.9% Increase in H1 2026

Saudi Arabia’s Tadawul All Share Index continued its strong performance with a 2.9% rise in the first half of 2026, making it the second-best performing market in the GCC after Oman. The index benefited from ongoing regulatory reforms, market liberalization, and new listings, supporting the Kingdom’s goal of a more diversified, private sector-led economy under Vision 2030. However, regional tensions, lower oil prices, and uncertainty over US-Iran negotiations led to a 2.5% monthly decline in June, reflecting weaker investor sentiment.

KSA Stocks

Arabian Pipes to Hold EGM for 26% Capital Increase via Bonus Shares

Arabian Pipes Co.(2200.SA) has called an Extraordinary General Assembly Meeting on July 27, 2026 to vote on a proposed 26% capital increase through the issuance of bonus shares. If approved, the company’s capital will rise from SAR 200 million to SAR 252 million. Most new shares will be distributed to shareholders at a ratio of 1-for-4, while a smaller portion will be allocated as treasury shares for an employee incentive plan. The meeting will also cover amendments to the Articles of Association and approval of the employee share program. Electronic voting will be available starting July 23, 2026.

Red Sea International Secures SAR 162M 50-Year Madinah Land Lease for Mixed-Use Development

Red Sea International Co.(4230.SA) finalized its investment contract with Al-Madinah Al-Munawwarah Municipality for a 50-year lease on a 63,088 sqm plot in Madinah, valued at SAR 161.9 million. The project will involve the construction, operation, and maintenance of a mixed-use development, with the lease effective from July 1, 2026. The financial effects of this contract were recognized in Q1 2026.

USA Stocks

Meta Plans to Enter Cloud Computing, Shares Surge 8%

According to reports, Meta Platforms(META.US) is planning to launch a brand-new cloud infrastructure business, aiming to sell its surplus AI computing power and model access rights to external customers. This move will directly challenge the dominance of Amazon AWS, Microsoft Azure, and Google Cloud in the cloud computing sector.

Micron Injects $250 Million into “Trump Account”; Trump Calls His Policies a “Huge Success”

US President Trump wrote on social media that “Micron Technology, Inc.(MU.US) a truly great American company and one of the world’s ‘hottest’ companies, has announced a historic $250 million investment into the Trump Account. This major investment will help millions of American children and families get a strong start in life and provide them with real financial security.”

Tesla Q2 Delivery Expectation at 406,000 Vehicles, Up 12% Quarter-on-Quarter

Tesla Motors, Inc.(TSLA.US) has released its official average delivery expectation for the second quarter of 2026. The Tesla investor relations team consolidated delivery forecasts from 21 analysts to determine the market consensus, which is disclosed to investors before the official data release. The market consensus for Tesla's deliveries is 406,024 vehicles, representing a 12% increase from the previous quarter, but a slight 1.2% decrease year-on-year. Expected energy storage installations are 13.8 GWh, up 36% quarter-on-quarter.