Most Important News

1. KEC Jumps 9.99% on SAR 360.8M Land Sale Gain
2. Foreign Institutions Net Buy SAR 109.3M on TASI
3. Bank Albilad H1 Profit Rises 4% to SAR 1.53B
4. Nvidia Slides Into Correction as AI Rivals Close In

Tadawul All Shares Index(TASI.SA)  closed virtually flat, dipping 3 points, or 0.03%, to 10,717 on July 19, after trading between 10,727 and 10,652 — its lowest intraday level since March. Total turnover stood at about SAR 2.4 billion, with 66 advancers against 203 decliners, reflecting broad-based weakness. Energy (+0.62%) and telecommunications (+0.51%) outperformed, while household and personal products (-2.11%) and consumer discretionary retail (-2.08%) led the declines. Knowledge Economic City(4310.SA)  surged 9.99% on the sale of land plots for a SAR 360.8 million gain.

Subscribe to Our  The Trend Catcher Topic / The Value Anchor Topic  Topics — Stay Tuned for More Trading Opportunities

Public Investment Funds' Assets Climb 20% to SAR 231.7B in Q1

Saudi Arabia's public investment funds expanded total assets to SAR 231.7 billion in Q1 2026, up 20% year-on-year from SAR 193 billion, according to SAMA. Local funds dominated with SAR 192.1 billion, about 83% of the total, while foreign funds surged 35% to roughly SAR 39.6 billion. The universe comprised 337 open-end and 26 closed-end funds, serving around 1.59 million subscribers at quarter-end.

Foreign Institutions Net Buyers of SAR 109.3M on TASI Last Week

Overseas institutions were net buyers of SAR 109.3 million on the Saudi main market in the week ended July 16, accounting for 39.74% of purchases and 39.13% of sales, exchange data show. The flow contrasted with domestic retail, which posted net sales of SAR 186 million, and Saudi institutions, marginal net sellers of SAR 7.3 million. Within local institutions, companies stood out as net buyers of SAR 349.6 million.

REDF Launches Kingdom's First Homeownership Readiness Index

The Real Estate Development Fund introduced the Homeownership Readiness Index, the first of its kind in Saudi Arabia, issued quarterly to gauge citizens' readiness to buy their first home. The index weighs four factors — purchase desire, financing confidence, access to housing finance, and down-payment readiness — and supports housing-policy decisions under Vision 2030. The inaugural edition establishes the national baseline for future readings.

KSA Stocks

Knowledge Economic City Cuts Land Sale to SAR 169.6M in Correction

Knowledge Economic City(4310.SA)  filed a correction to its July land-sale disclosure on the Saudi Exchange, swapping two plots (17,624.85 sqm) for a single Madinah plot (C28-10, 13,049.07 sqm). The buyer is now Oud Private Real Estate Fund (4), managed by Oud Capital, replacing the previously named parties. The corrected net transaction value is SAR 169.6 million against a SAR 16.3 million book value, to be developed into a mixed-use residential, commercial and office project.

Multi Business Renews SAR 10M Islamic Facility with SNB

Multi Business Group Co.(9619.SA)  renewed a Sharia-compliant SAR 10 million credit facility with Saudi National Bank ($1180.SA) for 12 months, guaranteed by a SAR 11 million promissory note to fund letters of guarantee and advance payments on current and future projects. The Nomu-listed stock closed at 1.73, up 3.21% on the day, extending a 61.6% gain over the past year.

Bank Albilad H1 Profit Rises 4% to SAR 1.53B on Financing Growth

Bank Albilad(1140.SA)  posted H1 2026 net profit of SAR 1.53 billion, up 4.2% from SAR 1.47 billion a year earlier, with Q2 profit of SAR 791.6 million (+3.4% YoY, +7.6% QoQ). Operating income rose 4.6% to SAR 3.14 billion, while EPS reached SAR 1.02. Total assets grew 15.2% to SAR 186.5 billion and customer deposits climbed 18.8% to SAR 147.2 billion. The stock trades at a 4.16% dividend yield and 11.6x trailing earnings.

Quara Finance Lifts Bank Aljazira Facility to SAR 150M

Quara Finance Co.(9596.SA)  signed an increase and renewal of Sharia-compliant Tawarruq credit facilities with Bank Aljazira ($1020.SA), raising the total by SAR 50 million from SAR 100 million to SAR 150 million over a five-year term, with promissory-note security amended to SAR 165 million. Secured by a promissory note, assignment of receivables and owner guarantees, the facility is aimed at expanding sales volume in line with the company's growth plans.

USA Stocks

Nvidia Tests Correction as AI Rivals Close In Before Big-Tech Earnings

NVIDIA Corporation(NVDA.US)  has slipped into a technical correction, down 14% from its yearly high ahead of mega-cap earnings. The AI leader faces pressure from Chinese models like Moonshot's Kimi K3, in-house chips from Alphabet Inc. Class C(GOOG.US) , and customers building their own silicon — Microsoft Corporation(MSFT.US)  and Amazon.com, Inc.(AMZN.US) . Yet Q2 revenue is estimated at $91 billion (+96% YoY), and the consensus target sits at $309 versus ~$202 now, with KBank lifting its call to $330.

Tech Sector Wrap: IBM's Worst Day, Uber Buys Delivery Hero, TSM Hits Record

A busy week for US tech: IBM Corp(IBM.US)  posted its worst day on record after Q2 EPS of $2.93 missed the $3.02 estimate; Uber ($UBER.US) agreed to buy Germany's Delivery Hero for $14.8 billion; and Taiwan Semi ($TSM.US) reported Q2 revenue of $40.2 billion with a record $22 billion net profit, pledging another $100 billion for Arizona. ASML ($ASML.US) lifted its 2026 guidance on AI-driven equipment demand, while Meta ($META.US) doubled its Hyperion data-center bet past $50 billion.

Tesla Holds Key Support as German Output Ramps Ahead of Earnings

Tesla Motors, Inc.(TSLA.US)  heads into earnings with shares down ~25% from last December's ~$500 peak to ~$380. The EV maker is ramping its Grünheide, Germany plant to 7,500 cars a week against Chinese rivals NIO ($NIO.US) and BYD. Q2 deliveries rebounded to 480,126 from 358,023 in Q1, with revenue seen up 17.2% at $26.36 billion. Technically, TSLA holds a key uptrend support but sits below its 200-day average; the mean analyst target is $407, Morgan Stanley at $417.