Most Important News

1. Bull Run! Gold Hits $4,500 All-Time High, Silver Smashes $72 Record
2. MIS Lands Project Exceeding 155% of 2024 Revenue
3. Red Sea Signs SAR 203M NEOM Contract
4. Nvidia Surges 3% on H200 China Delivery News

Tadawul All Shares Index(TASI.SA) increased by 0.41% on Tuesday, the Parallel Market Capped Index (NomuC)(NOMUC.SA) edged 0.01% lower.

Major U.S. indexes climbed for a fourth straight session on Tuesday, led by tech names including Google parent Alphabet Inc. Class C(GOOG.US), NVIDIA Corporation(NVDA.US), Broadcom Limited(AVGO.US) and Amazon.com, Inc.(AMZN.US).

The S&P 500 index(SPX.US) ended the regular session up about 0.5% and posted a fresh record close of 6,909.79. The index is just below its intraday all-time high of 6,920.34. The NASDAQ(IXIC.US) gained about 0.6%, and the 30-stock Dow Jones Industrial Average(DJI.US) added around 79 points, or nearly 0.2%, to finish the day.

Trump Praises 4.2% GDP, Blasts Market Fear

US President Trump praised third-quarter U.S. GDP growth of 4.2%, significantly exceeding the 2.5% consensus forecast, yet highlighted the market's anomalous reaction where strong economic data now frequently fails to lift equities and often triggers flat or declining performance. 

He attributed this to Wall Street's persistent fear that robust figures would prompt immediate Federal Reserve rate hikes to preempt inflation, arguing that vigorous markets themselves do not cause inflation—only misguided policy does—and called for a new Fed chair willing to cut rates during periods of strength to enable genuine prosperity rather than suppress rallies.

Bull Run! Gold Hits $4,500 All-Time High, Silver Smashes $72 Record

Spot gold shattered the $4500 per ounce barrier on Wednesday, December 24, 2025, climbing 0.5% intraday during Asian early trading to set successive all-time highs, while silver decisively broke above $72.5 per ounce. The continued precious metals bull market is propelled by escalating geopolitical tensions and reinforced market expectations for further Federal Reserve interest rate cuts. (SPDR Gold(GLD.US), Silver Trust Ishares(SLV.US), Albilad Gold ETF(9405.SA))

KSA Stocks

BinDawood Signs AED 96.9M Deal for 51% of Wonder Bakery

BinDawood Holding Co.(4161.SA) signed a Share Purchase Agreement to acquire 51% of Wonder Bakery L.L.C in the UAE for AED 96.9 million, funded through internal resources and available facilities. 

Wonder Bakery, a Dubai-based industrial bakery established in 2014, reported revenue growth from SAR 36.6M in 2022 to SAR 74.8M in 2024, with net income reaching SAR 10.9M last year. The deal, subject to regulatory approvals, supports BinDawood’s strategic expansion into the GCC bakery sector, enhances supply chain control, and aligns with Saudi Vision 2030 goals for food security and localization. Long-term positive financial impact is anticipated.

MIS Lands Project Exceeding 155% of 2024 Revenue

Al Moammar Information Systems Co.(7200.SA) (MIS) received notification on December 23, 2025 (1447-07-03) of a project award from HUMAIN to design and build an artificial intelligence-specific data center valued at more than 155% of the company's full-year 2024 revenue (including VAT). Contract signing is expected by February 15, 2026 (1447-08-27), with no related parties involved.

Red Sea Signs SAR 203M NEOM Contract

Red Sea International Co.(4230.SA) signed a SAR 202,801,300 (exclusive of VAT) contract with Webuild S.p.A – Saudi Arabia Branch on December 23, 2025 (1447-07-03) to deliver Integrated Facilities Management and operations & maintenance services for the Main Camp and Spike Camp at the Trojena project in NEOM. The two-year agreement encompasses full camp operations including accommodation, catering, security, MEP maintenance, utilities, waste management, and worker welfare compliance; financial impact begins in Q1 2026 with no related parties involved.

SIDC Distributes SAR 8.9M Compensation

Saudi Industrial Development Co.(2130.SA) completed distribution of SAR 8,922,954.57 in compensation on December 23, 2025 (1447-07-03) to rights issue shareholders who did not subscribe to new shares and those entitled to fractional shares. Funds were deposited directly into eligible investors' Riyadh Bank accounts meeting banking requirements, while 75,044 unlinked share certificates remain pending portfolio registration updates for transfer. Shareholders must link valid IBAN and SWIFT details to receive proceeds.

USA Stocks

UiPath Surges After Inclusion in S&P MidCap 400

UiPath, Inc.(PATH.US) rallied more than 6% in after-hours trading following an announcement from S&P Dow Jones Indices that the robotic process automation leader will be added to the S&P MidCap 400 index, effective prior to the open of trading on the designated effective date. Concurrently, ViacomCBS will join the S&P SmallCap 600 index as part of the same rebalancing action.

Nvidia Surges 3% on H200 China Delivery News

NVIDIA Corporation(NVDA.US) informed Chinese clients it intends to deliver H200 AI chips—the second-most powerful in its lineup—before Lunar New Year in mid-February 2026, leveraging existing inventory to fulfill initial orders of 5,000–10,000 chip modules (roughly 40,000–80,000 H200 GPUs). Shares rose 3% on the report. Significant uncertainty persists as Chinese authorities have yet to approve any H200 purchase orders, according to sources cited by Reuters.

Tesla Europe Sales Drop Nearly 12% in November

Tesla Motors, Inc.(TSLA.US) saw November European sales (EU, EFTA, UK) decline 11.8% year-over-year to 22,801 vehicles according to ACEA data, with market share contracting from 2.5% a year earlier to 2.1%, though recovering from October’s 0.6%. Meanwhile, Chinese rival BYD COMPANY LIMITED(BYDDY.US) recorded strong growth in the region, steadily increasing its market presence amid intensifying competition.

Google Targets 2026 AI Smart Glasses Debut

Alphabet Inc. Class C(GOOG.US)'s Google rose 1.4% after a Bloomberg report revealed plans to launch a new AI-powered smart glasses in 2026, developed in partnership with Samsung. The device will leverage “world model” technology to understand 3D spatial relationships, object interactions, and environmental dynamics—differentiating it from camera-only competitors. The project represents a major push under Demis Hassabis to redefine Google’s position in smart eyewear and set a new industry benchmark.