At the close of 02/07/2026, the Tadawul All Shares Index(TASI.SA) dropped by 0.28%, closing at 10826.98 points; the Parallel Market Capped Index (NomuC)(NOMUC.SA) up by 0.07%, closing at 22929.34 points. 

Global stock markets finished higher on Friday, after U.S. equities closed mixed on Wall Street in New York’s final trading session of the week.

U.S. markets were closed on Friday for the Independence Day holiday.

Overnight in the U.S., stocks ended mixed with the Dow Jones Industrial Average(DJI.US) closing at a record high after a softer-than-expected June jobs report fueled hopes for Federal Reserve rate cuts. Meanwhile, weakness in semiconductor stocks dragged the NASDAQ(IXIC.US) lower. 

The 30-stock average added 594.83 points, or 1.14%, for a record close of 52,900.07. The index hit a new all-time intraday high of 52,903.85. The S&P 500 index(SPX.US) rose less than 1 point to end at 7,483.24, while the Nasdaq dropped 0.8% to 25,832.67.

Semiconductors fell for a second day in a row, weighing on the latter two benchmarks. The VanEck Vectors Semiconductor ETF(SMH.US) dropped 4.5%, led by a 13.6% decline in Teradyne, Inc.(TER.US) and an 11.5% slide for KLA(KLAC.US). NVIDIA Corporation(NVDA.US) shares also pulled back 1.4%, while Micron Technology, Inc.(MU.US) shares lost 5.5%.

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Saudi Sah Savings Return Set at 4.60%

The Saudi Ministry of Finance and the National Debt Management Center launched the subscription for "Sah," a government-backed, Shariah-compliant savings product for citizens over 18. The one-year product features a fixed 4.60% return rate with a minimum subscription of SAR 1,000. Subscriptions run from July 5–7, 2026, with allocation scheduled for July 14.

US Equity Funds Suffer 17.2B Outflow

US equity funds recorded a $17.2 billion outflow for the week ending July 1, 2026, marking the largest single-week withdrawal in over three months. The capital flight comes as the Philadelphia Semiconductor Index plunged 11% in two days due to rising AI valuation concerns. Meanwhile, Japanese equities attracted $1.9 billion in inflows, and high-yield bonds drew $3.4 billion.

KSA Stocks

Almarai Q2 Revenue Rises 11% Despite Profit Dip

Almarai Co.(2280.SA)  reported a 10.96% year-on-year revenue increase to SAR 5.87 billion for Q2 2026, driven by sales volume growth across all markets and product categories. However, net profit attributable to shareholders decreased by 1.73% to SAR 635.7 million due to higher dairy feed shipping costs and elevated energy expenses. For the six-month period, revenue rose 8.8% to SAR 12.03 billion, while net profit dipped 0.74% to SAR 1.37 billion.

CATRION Finalizes SAR 75.7M Airport Deal

CATRION Catering Holding Co.(6004.SA) signed a 15-year lease agreement with Dammam Airport Company to operate at King Fahd International Airport. The contract is valued at SAR 75.7 million, plus an annual revenue share starting at 3.5% and increasing up to 5.5%. The expansion aligns with rising passenger traffic and Vision 2030 goals.

SMASCO Expects Q3 Contract Revenue Impact

Saudi Manpower Solutions Co.(1834.SA) announced that its subsidiary, Saudi Logistics Services Company Limited, signed an SAR 80.7 million contract with the Ministry of Human Resources and Social Development to operate shelters for domestic workers. The two-year framework agreement was finalized on June 29, 2026. The financial impact will reflect on financial statements starting from Q3 2026.

USA Stocks

Apple Raises Foldable iPhone Target to 10M

Apple Inc.(AAPL.US) raised its foldable iPhone production target to 10 million units, up from previous estimates of 7 to 8 million. The tech giant also plans to launch at least five new iPhone models between late 2026 and early 2027. Meanwhile, the Indian government is investigating a massive data leak involving Apple supplier Tata Electronics, which exposed confidential iPhone 18 Pro supply chain details on the dark web.

MicroStrategy Shifts Bitcoin Investment Strategy

Strategy(MSTR.US) shares soared over 22% weekly after shifting its investment strategy to allow potential Bitcoin sales, securities repurchases, and higher cash reserves. JPMorgan noted the firm purchased $8.2 billion in Bitcoin this year, representing 70% of net digital asset inflows, but warned that market volatility could pressure its valuation and future financing costs.

Axon Shares Soar 28% Weekly

Axon Enterprise Inc(AAXN.US) shares soared over 28% weekly after the U.S. Immigration and Customs Enforcement launched a procurement plan for roughly 17,800 tasers. Axon is positioned as a primary potential supplier for the contract, which would expand ICE's current inventory from 4,300 devices. The final contract award remains pending regulatory approval.