Most Important News

1. Oil Prices Hold Steady Amid Nuclear Talks and OPEC+ Production Possibilities
2. Qapqa Secures Contract for Saudi Aramco’s Master Gas System-3 Project
3. Solutions Signs SAR 157.6M Contract with STC

1. Market Summary

On Thursday, Saudi Arabia's benchmark stock index Tadawul All Shares Index(TASI.SA)  extended its gains to a fourth straight session, rising 0.86%, with most sectors in the green. Oil major Saudi Arabian Oil Co.(2222.SA)  added 0.66% and Red Sea International Co.(4230.SA)  climbed 2%.

On Friday, the S&P 500 index(SPX.US)  added 0.52% and closed at a record of 6,173.07. Earlier in the session, the S&P 500 rose as much as 0.76% to a high of 6,187.68, taking out its previous record of 6,147.43. The NASDAQ(IXIC.US) , which also hit an all-time high and closed at a record, rose 0.52% to 20,273.46. The Dow Jones Industrial Average(DJI.US)  added 432.43 points, or 1%, settling at 43,819.27.

2. Quick News

Saudi Chemical Exports Increase by 2% to SAR 5.96 Billion in April

Saudi Arabia's exports in the chemical sector and related products experienced a 2% year-over-year (YoY) increase, reaching nearly SAR 5.96 billion in April 2025. Compared to March 2025, there was a decrease in chemical exports of SAR 1.5 billion, which is a 20% drop.

Gold Prices Decline on Friday, June 27

On Friday, June 27th, spot gold fell by 1.62% to close at $3,274.15 per ounce in New York, marking a weekly drop of 2.78%. Prices fluctuated within the range of $3,395.07 to $3,255.94. COMEX gold futures also accumulated a 2.92% decrease for the week, settling at $3,286.70 per ounce.

Oil Prices Hold Steady Amid Nuclear Talks and OPEC+ Production Possibilities

Oil prices remained stable as traders monitored the prospects of US-Iran nuclear negotiations and the potential for OPEC+ to significantly increase oil production. WTI oil prices fluctuated before edging slightly higher, closing above $65 per barrel. Reports suggest that OPEC+ is considering another substantial increase in crude oil output. 

3. Stocks To Watch

KSA Stocks

Qapqa Secures Contract for Saudi Aramco’s Master Gas System-3 Project

Qapqa has secured a new contract with A.Hak Pijpleidingen Saudi Company for Package #9 of Saudi Arabian Oil Co.(2222.SA) 's Master Gas System-3 (MGS-3) project. The contract will involve providing three complete automatic welding spreads and a highly experienced welding crew for the construction of a 300+ km, 56" X70 gas pipeline. Qapqa's strong track record in the region and proven automatic welding technology will be used in this project. 

ABO MOATI Sales Fall 2.1% YoY; Net Profit Down 17.85%

Abdullah Saad Mohammed Abo Moati for Bookstores Co.(4191.SA) 's sales dropped by 2.10% this year compared to the previous year, and its net profit decreased by 17.85% over the same period.

Solutions Inks Private Cloud Deal with Saudi Telecom Worth SAR 158M

Arabian Internet and Communications Services Co.(7202.SA)  has signed a contract with Saudi Telecom Company (stc) valued at SAR 157,648,230.30 to build a private cloud as part of an IT infrastructure modernization and hyperscaler partnership project. The announcement was made on June 26, 2025.

Alandalus Property Co. Sells 70% Stake in Manafea Alandalus for SAR 15M

Alandalus Property Co.(4320.SA)  has completed the sale of its entire 70% ownership in Manafea Alandalus for Development and Real Estate Investment Co. to the Saudi Company for Tourism Development for SAR 15 million.  The company confirmed that all relevant procedures, including full ownership transfer and payment collection, have been finalized. The handover process has also been successfully completed, marking the conclusion of the transaction.

USA Stocks

Elon Musk Announces Tesla's First Fully Autonomous Delivery of Model Y

On the 28th, Elon Musk, CEO of Tesla Motors, Inc.(TSLA.US) , announced on a social platform, "Tesla Model Y has completed its first fully autonomous drive from the factory to a customer's home." Musk congratulated Tesla's software and chip teams. "This marks the first time an autonomous drive on public highways without anyone in the vehicle or remote control of the car."

Warren Buffett Announces $6 Billion Charitable Stock Donation

Berkshire Hathaway Inc. Class A(BRK.A.US)  announced on Friday that Warren Buffett will convert 82,390 Class A shares into 12,358,500 Class B shares to donate 12,358,500 Berkshire Hathaway Class B shares to five foundations. Based on the closing price of Berkshire B shares at $485.6 on Friday, Buffett's donation to the aforementioned foundations amounts to $6 billion.

Intel's Chief Strategy Officer to Depart, Confirmed by Company

According to two sources, Intel Corporation(INTC.US) 's Chief Strategy Officer Safroad Yeboah-Amankwah is set to leave the company. This marks the latest personnel change since Pat Gelsing took the helm of the chipmaker in March this year. Intel has confirmed the departure.

Elon Musk's Tesla Loses Bid To Dismiss Fatal Crash Lawsuit, Trial Set for July

A Miami federal judge has allowed the lawsuit against Tesla Motors, Inc.(TSLA.US)  for alleged design defects and failure to warn to proceed. The case relates to a 2019 crash involving a Tesla Model S with Autopilot in Key Largo, Florida. The trial is set for July 14.

4. Saudi Stock Calendar