Most Important News

1. Iran and the US will sign an MOU on the 19th;
2. Saudi Inflation Remains Moderate at 1.8% in May;
3. SpaceX boosts IPO to $85.7 billion; Musk expects $1 trillion revenue by 2030;

At the close of 15/6/2026, the Tadawul All Shares Index(TASI.SA) decreased by 0.08%, closing at 11095.86 points; the Parallel Market Capped Index (NomuC)(NOMUC.SA) fell by 0.25%, closing at 22983.83 points.

As of Monday’s close, the S&P 500 index(SPX.US) increased by 1.65%, the NASDAQ(IXIC.US) rose by 3.07%, and the Dow Jones Industrial Average(DJI.US) increased by 0.92%.

Iranian President: Iran and the US will sign a memorandum of understanding on the 19th

On June 15, Iran’s Foreign Minister Aragchi said Iranian and US negotiators will meet in Switzerland on the 19th to sign a memorandum of understanding, followed by further talks. Reuters cited US officials saying President Trump, Vice President Vance, and Iran’s parliamentary speaker have already signed the memorandum electronically, and its terms are largely finalized. Iranian President Pezeshkian confirmed Iran and the US will officially sign the document on the 19th.

U.S. Strategic Petroleum Reserve Drops to 43-Year Low

As the Trump administration nears completion of its plan to release 172 million barrels from the Strategic Petroleum Reserve (SPR) to counter fuel price spikes caused by the Iran war, America’s emergency oil stockpile has fallen to its lowest level since 1983. According to data from the Department of Energy released Monday, the SPR has dropped to about 340 million barrels, near historic lows. If the release is completed, this would be the second largest drawdown in SPR history, leaving only around 243 million barrels—about one-third of its legal capacity.

Saudi Inflation Remains Moderate at 1.8% in May

Saudi Arabia’s inflation rate edged up to 1.8% in May, mainly driven by higher housing, utilities, and fuel prices, according to GASTAT. While housing rents rose 4.7% annually, overall inflation remained lower than in neighboring Gulf countries. Wholesale and producer price indices also saw notable increases, pointing to continued pressure from rising costs in chemicals and manufacturing sectors.

KSA Stocks

Saudi Cement Revises Dividend to 153 Million Riyals, Not Shares

Saudi Cement Co.(3030.SA) corrected its earlier announcement, clarifying that it will distribute 153 million Riyals in cash dividends for H1 2026, not 153 million shares as previously stated in Arabic.

Anmat Technology Signs SAR 314M Contract with Saudi Energy

ANMAT Technology for Trading Co.(9639.SA) has signed a SAR 314 million contract with Saudi Energy Co.(5110.SA) for the supply and upgrade of end-user devices across Saudi Arabia, with positive financial impact expected from Q3 2026 until June 2028.

USA Stocks

Over Triple Subscription: Nvidia Completes First Bond Sale in Five Years, Raising $25 Billion

NVIDIA Corporation(NVDA.US) has raised $25 billion through a high-grade bond issuance, with demand reaching $85 billion—over three times the size of the offering. The final deal was increased from the initial $20 billion target to $25 billion. The longest-term bond’s yield narrowed by 0.25 percentage points from initial guidance, and was ultimately priced at a 0.65 percentage point premium over U.S. Treasuries.

SpaceX 'Green Shoe' Exercised: IPO Raises $85.7 Billion; Musk Predicts $1 Trillion Revenue by 2030

SpaceX(SPCX.US) announced Monday that underwriters have exercised the IPO "Green Shoe" option, boosting its fundraising total from $75 billion to $85.7 billion. Last week, SpaceX listed on Nasdaq, issuing 555.56 million shares at $135 each, with the Green Shoe involving about 83.3 million extra shares. Elon Musk also said Sunday that SpaceX's revenue could reach $1 trillion by 2030.