At the close of June 7, the Tadawul All Shares Index(TASI.SA) decreased by 0.56%, closing at 10928.79 points; the Parallel Market Capped Index (NomuC)(NOMUC.SA) down by 0.38%, closing at 22989.62 points.

Dow futures slipped Monday after Iran reportedly fired missiles at Israel, jeopardizing a fragile ceasefire and heightening uncertainty following last week’s sharp Nasdaq sell-off.

Israel retaliated, striking western and central Iran, stoking concerns that the Mideast war was taking a turn for the worst.

Futures tied to the Dow Jones Industrial Average(DJI.US) fell 75 points, or 0.15%. S&P 500 index(SPX.US) futures and NASDAQ-100(NDX.US) futures were up 0.24% and 0.67%, respectively.

Asia-Pacific markets fell Monday, with South Korea’s benchmark Kospi leading declines, falling more than 8% before paring losses to trade 4% lower. Hong Kong’s Hang Seng Index slid 1.8%, while mainland China’s CSI 300 was down 1.6%. Japan’s Nikkei 225 fell 3.7%.

The reported strike by Iran on Sunday raised fresh concerns about the stability of the ceasefire between Washington and Tehran. The reported missile attack followed a post on X by Iranian Parliament Speaker MB Ghalibaf, who argued that the U.S. naval blockade and alleged breaches of agreements related to Lebanon constitute violations of the ceasefire.

Iran Fires Missiles Israel Retaliates

Iran fired missiles at Israel on 7 June 2026 (EDT), marking the first such attack since a tenuous ceasefire began, prompting immediate Israeli retaliatory strikes. The escalation follows accusations from Iranian officials over US actions and alleged violations in Lebanon. US President Donald Trump was briefed and reportedly urged restraint as talks and ceasefire stability deteriorate.

PIF and TMG Saudi Sign MoU

Public Investment Fund (PIF) and Talaat Moustafa Group Saudi for Real Estate Development signed a non-binding MoU to explore mixed-use real estate projects across Saudi Arabia. The collaboration covers residential, commercial, hospitality and retail sectors and aims to accelerate project delivery and value creation. The agreement is subject to conditions precedent and regulatory approvals.

OPEC+ Seven Countries Raise Output 188k bpd

Seven OPEC+ countries met on 7 June 2026 and agreed to adjust production by 188,000 bpd starting July 2026. They extended compensation for overproduction until the end of December 2026 and reaffirmed flexibility to reverse cuts as needed. The next monthly meeting is scheduled for 5 July 2026.

Goldman Sachs Scraps 2026 Cuts Forecast

Goldman Sachs Group, Inc.(GS.US) said stronger-than-expected US labor market means it no longer expects Federal Reserve rate cuts in 2026, pushing its forecast timing to June and December 2027. The bank cut its US unemployment forecast to 4.4% from 4.6%, raised its rate-hike probability to 20% from 10%, and lowered its baseline cut probability to 30% from 40%.

KSA Stocks

Aljazira Bank to Redeem $500m Sukuk

Bank Aljazira(1020.SA) said it will redeem its U.S. $500 million Tier 1 sukuk in full at par on 29 June 2026, covering 100% of the issue. The instruments were issued on 29 June 2021 and will be repaid with any accrued unpaid distributions. Regulatory approval has already been obtained.

SISCO Holding Co Board Changes After CMA Decision

Sustained Infrastructure Holding Co.(2190.SA) issued an addendum on 8 June 2026 confirming a board member’s resignation after a Capital Market Authority Appeal Committee decision imposed a 6-month prohibition on working for CMA-supervised entities. The update follows a previous announcement on 21 May 2026. The company stated there is no financial impact from the development.

Jarir Marketing Opens New Jeddah Showroom

Jarir Marketing Co.(4190.SA) opened a new 4,090 square meter showroom on Al-Madinah Road in Jeddah on June 7, 2026, replacing its King Abdulaziz Road location. The total investment cost for the showroom amounted to approximately SAR 32 million, and Saudi nationals represent 74% of its workforce. The financial impact will reflect in the company's results starting from Q2 2026.

USA Stocks

Musk Joins ASML Closed-Door Meeting

Tesla Motors, Inc.(TSLA.US) CEO Elon Musk will attend an ASML Holding NV ADR(ASML.US) closed-door technical seminar online to discuss the Terafab wafer fab project. He is expected to share views on AI, robotics, aerospace and semiconductor manufacturing. The move signals deeper participation in the global semiconductor ecosystem with ASML and partners.

Meta Platforms Falls Over 5%

Meta Platforms(META.US) fell more than 5% on Friday after reports said it is discussing issuing hundreds of billions in new shares to fund AI-related capital spending of up to 1450 billion dollars through 2027. The company denied the report. The discussion comes amid heavy AI competition and tighter equity financing conditions following recent large-scale fundraisings in the sector.