Financial Morning Summary | Aramco (2222) Sets August Crude OSPs; ACWA (2082) Secures Exclusive Export Approval; Tesla Expands Robotaxi to Miami Zone
ENAYA 8311.SA | 0.00 | |
Advanced Micro Devices, Inc. AMD | 0.00 | |
Rivian Automotive RIVN | 0.00 | |
SpaceX SPCX | 0.00 | |
Western Digital Corporation WDC | 0.00 |

At the close of 06/07/2026, the Tadawul All Shares Index(TASI.SA) up by 0.13%, closing at 10813.04 points; the Parallel Market Capped Index (NomuC)(NOMUC.SA) down by 0.12%, closing at 22663.80 points.
Dow Jones Industrial Average(DJI.US) futures were little changed early Tuesday after a record-setting session for the blue-chip index.
Futures tied to the 30-stock index added 50 points, or around 0.1%. S&P 500 index(SPX.US) futures traded 0.2% lower, while NASDAQ-100(NDX.US) futures dropped 0.9%.
In the U.S., Rivian Automotive(RIVN.US) shares dropped about 9% after the electric vehicle maker began a common stock public offering of 75 million shares. SpaceX(SPCX.US) shed about 1% ahead of its Tuesday entrance into the NASDAQ-100(NDX.US).
Monday night’s action follows a winning session on Wall Street that propelled the Dow above the 53,000 mark for the first time. The 30-stock index also closed above that threshold. Technology stocks led the charge higher, with the NASDAQ(IXIC.US) Composite finishing up by more than 1% amid a rebound in semiconductor names. Chip plays Western Digital Corporation(WDC.US) and Advanced Micro Devices, Inc.(AMD.US) rose 7% and 6.6%, respectively. The S&P 500 also closed higher, advancing 0.7%.
Dell Technologies, Inc. Class C(DELL.US) jumped more than 4% in Monday’s session after President Donald Trump encouraged consumers to buy its computers during an event in the White House. But Microsoft Corporation(MSFT.US) shares pulled back after the software giant announced 4,800 job cuts.
“We’re getting new highs on various indices, and that makes sense,” said Richard Bernstein, Janus Henderson’s global head of macro and customized investing, on CNBC’s “Closing Bell: Overtime.” “Not only is earnings growth strong, but it’s abundant as well. That is spreading to the markets.”
Investors will watch for economic data on the U.S. trade deficit due Tuesday morning. There are no major earnings releases scheduled.
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Trump Sees Soaring Stock Markets
US President Donald Trump promoted the launch of the "Trump Account" investment tool, stating it will give newborns a massive financial advantage by age 18. Trump predicted stock markets will "skyrocket," urging families to stay invested rather than cashing out. He also warned that short sellers betting against the country are facing major liquidations.
Saudi Aramco Sets August Crude OSPs
Saudi Arabian Oil Co.(2222.SA) announced its official selling prices for August 2026 delivery across five crude grades. The oil giant set its flagship Arab Light crude premium for North America at $4.60 per barrel above the Argus Sour Crude Index. Meanwhile, Western Europe was priced at a $0.85 premium to ICE Brent, and East Asia received a $1.50 discount to Oman/Dubai quotes.

KSA Stocks
Saudi Enaya Cuts Capital by 32.7%, Eyes 160M Rights Issue
Saudi Enaya Cooperative Insurance Co.(8311.SA) announced board recommendations to first reduce its capital by 32.716% to SAR 154.75 million to offset accumulated losses. Following the reduction, the company plans a SAR 160 million rights issue to boost capital to SAR 314.75 million, aiming to meet minimum regulatory requirements. Alawwal Capital was appointed as financial advisor.
ACWA Power Secures Exclusive Export Approval
ACWA POWER Co.(2082.SA) received government approval granting it the exclusive right to export Saudi-produced green hydrogen and derivatives, including green ammonia and methanol, to global markets. The company was also assigned to develop renewable electricity transmission and export projects for European and Arab markets. Financial impacts will be disclosed later.
Equipment House Secures SAR 95M Project
Scientific and Medical Equipment House Co.(4014.SA) was awarded a SAR 95 million contract by the Ministry of Justice to complete court and notary public buildings in the Eastern Province. The project duration is 24 months. The financial impact is expected to appear in the company's financial results starting from the fourth quarter of 2026.
USA Stocks
Nvidia Denies AI Architecture Delay Rumors
NVIDIA Corporation(NVDA.US) denied reports that its next-generation Kyber AI computing architecture is delayed by 12 months to 2028. A spokesperson confirmed the product roadmap remains intact. Research firm SemiAnalysis had claimed development setbacks postponed the architecture, which features a vertical rack design meant to boost data center efficiency.
Tesla Expands Robotaxi to Miami Zone
Tesla Motors, Inc.(TSLA.US) expanded its autonomous "Robotaxi" ride-hailing service to a restricted area in West Miami, Florida, marking its first commercial expansion outside of Texas. The service, powered by the company's Full Self-Driving software, rolled out on July 3, 2026. This launch marks the third US state reached by Tesla's driverless network, following initial rollouts in California and Texas.
SpaceX President Donates to Trump Initiative
SpaceX(SPCX.US) president and chief operating officer Gwynne Shotwell announced on July 6, 2026, that she and her husband will donate personal shares in the aerospace company to the "Trump Account" child savings initiative. The donation will provide one share each to over two million children aged 11 to 17 from low-income households, with priority given to those near their central Texas home.
Samsung Q2 Operating Profit Soars 19-Fold
Samsung Electronics Co. forecast a 19-fold surge in Q2 operating profit to 89.4 trillion won, beating market expectations of 84.2 trillion won due to booming AI-driven memory chip demand. Total revenue rose 129% year-on-year to 171 trillion won. The company will release its full financial report with detailed segment data on July 30.

| Event | Company |
|---|---|
| Ordinary assembly meeting | Middle East Healthcare Co.(4009.SA) |
| Eligibility for Cash Dividend | Middle East Healthcare Co.(4009.SA) |
| Eligibility for Cash Dividend | Alinma Hospitality REIT Fund(4349.SA) |
| Eligibility for Cash Dividend | Alinma Retail REIT Fund(4345.SA) |
| The American Petroleum Institute (API) report on the US crude oil inventories - Weekly | American Petroleum Institute |
| Cash Dividend Distribution | Tam Development Co.(9570.SA) |
| Cash Dividend Distribution | Saudi Steel Pipe Co.(1320.SA) |
