At the close of 05/07/2026, the Tadawul All Shares Index(TASI.SA) dropped by 0.26%, closing at 10798.97 points; the Parallel Market Capped Index (NomuC)(NOMUC.SA) down by 1.04%, closing at 22689.95 points. 

US stock futures maintained their positive momentum early Monday following a strong week on Wall Street that drove the Dow Jones Industrial Average to record highs.

Futures tied to the 30-stock benchmark added 20 points, 0.04%. S&P 500 futures gained 0.32%, while Nasdaq-100 futures advanced 0.83%.

Asia-Pacific markets traded mixed Monday as investors rethink artificial intelligence-driven plays, with focus also on the minutes from the Federal Reserve’s June meeting, set to be released later this week.

The Dow Jones Industrial Average(DJI.US) climbed nearly 2% last week, putting it within striking distance of 53,000, a level it has never reached. The S&P 500 index(SPX.US) and NASDAQ(IXIC.US) Composite also posted sharp gains last week, advancing 1.8% and 2.1%, respectively.

Those gains came even as semiconductors — the force behind many of the market’s gains this year — faltered last week, with investors paring exposure to chipmakers and rotating into other sectors. The VanEck Vectors Semiconductor ETF(SMH.US) shed 3.2%, marking its second losing week in a row.

“The broadening in sector rotation is a big positive, with Financials, Healthcare, and Industrials all closing at new weekly all-time highs this week and more than offsetting the consolidation in Semis,” wrote Mark Newton, head of Technical Strategy at Fundstrat. “While the Semi decline is a short-term headwind that favors owning other sectors while it settles, it has not dented the broader indices.”

Newton expects the S&P 500 to reach 8,000 by mid-August. The benchmark closed last week at 7,483.24, about 7% below the 8,000 mark.

Traders this week will turn their eyes to the Federal Reserve, with the minutes of the June meeting — the first led by new Chairman Kevin Warsh — due Wednesday.

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US, Iran to Meet July 11

Saudi media reported that the US and Iran will hold a new round of talks in Pakistan on July 11, 2026, to discuss sanctions, frozen Iranian funds, and nuclear issues. The composition of the Iranian delegation will be finalized following the conclusion of Khamenei's funeral.

OPEC+ Approves 188,000 BPD Output Hike

Seven OPEC+ nations agreed to increase crude oil production by 188,000 barrels per day for August 2026 following a virtual market review on July 5, 2026. Saudi Arabia and Russia will lead the expansion, adding 62,000 barrels per day each. The group will maintain full policy flexibility and meet next on August 2, 2026.

REGA Sets 2% Property Fee for Non-Saudis

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KSA Stocks

Emaar EC Q3 Earnings to Reflect SAR 547M Deal

Emaar The Economic City(4220.SA), the Economic City signed a SAR 547.4 million contract with Nesma & Partners Contracting Company to build infrastructure networks in King Abdullah Economic City. The 18-month project covers the Special Economic Zone's automotive cluster. Financial impact will begin in the third quarter of 2026.

Naseej Restructuring Aims for 2027 Launch

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BATIC Subsidiary Appeals SAR 42M to Supreme Court

Batic Investments and Logistics Co.(4110.SA) announced that its subsidiary received an execution order worth SAR 42.2 million in favor of Al-Qassim Region Municipality. The claim stems from a smart parking contract terminated in February 2025. The subsidiary has filed a petition for cassation before the Supreme Court after lower courts dismissed its lawsuit.

USA Stocks

Tesla Limits Employee AI to $200

Tesla Motors, Inc.(TSLA.US) has set a $200 weekly cap per person on employee artificial intelligence spending, starting July 6, 2026. Employees require management approval to exceed the limit as the automaker adjusts its cost controls. Usage of xAI's Grok model remains excluded from the $200 budget restriction.

Micron Starts 9.3B Japan Plant Expansion

Micron Technology, Inc.(MU.US) began construction on its 1.5 trillion yen ($9.3 billion) Hiroshima factory expansion to produce high-bandwidth memory chips for artificial intelligence. Japan’s Ministry of Economy, Trade and Industry committed up to 500 billion yen in subsidies for the project. The expanded facility expects to begin shipping HBM chips by the summer of 2028.

Apple Preps 8M Foldable iPhones

Apple Inc.(AAPL.US) will likely unveil its foldable iPhone alongside other models in late 2026 but delay pre-orders and shipments due to supply constraints, according to analyst Ming-Chi Kuo. Assembly shipments are projected at seven to eight million units for the second half of 2026, with only 500,000 to one million units shipping in the third quarter.