Financial Morning Summary | Trump Announces US-Iran Talks, Iran Denies; US Stocks Rally—Nasdaq(+2%); SpaceX(+7%) May Donate Shares to Trump Accounts
Tadawul All Shares Index TASI.SA | 0.00 | |
Parallel Market Capped Index (NomuC) NOMUC.SA | 0.00 | |
S&P 500 index SPX | 0.00 | |
NASDAQ IXIC | 0.00 | |
Dow Jones Industrial Average DJI | 0.00 |
Most Important News
- Trump Announces US-Iran Talks, But Iran Publicly Denies It—Even Meeting Not Agreed;
- SpaceX Surges Over 7%, Discusses Potential Stock Donation to US 'Trump Accounts';
- Tesla Soars 8% as Q2 Deliveries Expected to Beat Estimates;
At the close of 29/6/2026, the Tadawul All Shares Index(TASI.SA) decreased by 1.06%, closing at 10792.15 points; the Parallel Market Capped Index (NomuC)(NOMUC.SA) fell by 0.16%, closing at 23068.77 points.
As of Monday’s close, the S&P 500 index(SPX.US) increased by 1.18%, the NASDAQ(IXIC.US) rose by 2.07%, and the Dow Jones Industrial Average(DJI.US) increased by 0.59%.
Trump Announces US-Iran Talks, But Iran Publicly Denies It—Even Meeting Not Agreed
The US and Iran were expected to arrive in Doha this week for negotiations, but Iran announced on Monday that no meeting had been scheduled. Last weekend, both sides exchanged attacks, putting the four-month ceasefire agreement to the test. Trump’s press secretary said he would send his son-in-law Jared Kushner and envoy Steve Vitkov to lead the US negotiation team.
Samsung, SK Hynix, Micron Hit with US Class Action Lawsuit for Alleged DRAM Price Manipulation
As global memory shortages worsen, US consumers and small businesses have filed a class action lawsuit against Samsung, SK Hynix, and Micron, accusing them of manipulating DRAM prices and restricting supply. The lawsuit, filed in California federal court on June 25, claims the three companies control almost the entire global DRAM market and limited supply during price surges, worsening the shortage.
Saudi Services Exports Rise 7.9% in Q1 2026, Driven by Travel
Saudi Arabia’s services exports grew 7.9% in Q1 2026 to SAR71.3 billion ($19 billion), led by travel and tourism, which accounted for 62% of the total. Transportation, communications, and business services also grew. Services imports fell 6.9%, narrowing the trade deficit. This reflects Saudi’s progress in diversifying its economy through Vision 2030 reforms.
KSA Stocks
Almuneef Approves 50% Bonus Share Capital Increase
Almuneef Company for Trade\, Industry\,Agriculture and Contr(9569.SA) will increase its capital by 50% through bonus shares, raising it from SAR 38 million to SAR 57 million. Shareholders will get one free share for every two held. The meeting also approved auditor appointments, interim dividend authorization, and updated bylaws and policies to support future growth.
Sport Clubs Signs SAR 20.8M Riyadh Lease for New Body Masters Premium Gym
Sport Clubs Co.(6018.SA) leased a 2,075 sqm space in Riyadh from Panda Retail for SAR 20.8 million to open a Body Masters Premium fitness center. The lease starts with six months rent-free and runs through May 2036, supporting the company’s national expansion strategy.
Almujtama Alraida Approves SAR 2.375M Dividend for 2025
Almujtama Alraida Medical Co.(9592.SA) will pay a SAR 2,375,000 cash dividend (SAR 0.25 per share) for 2025, starting July 19, 2026. The meeting also approved board remuneration, auditor appointments, interim dividend plans, and lease agreements, but rejected a Bright Screens contract.
USA Stocks
SpaceX Surges Over 7%, Discusses Potential Stock Donation to US 'Trump Accounts'
SpaceX(SPCX.US) shares jumped more than 7% as reports emerged that it is discussing possible stock donations to the US government-supported "Trump Accounts" children's savings program. It is unclear if CEO Elon Musk has agreed to the donation.
Tesla Soars 8% as Q2 Deliveries Expected to Beat Estimates
Tesla Motors, Inc.(TSLA.US)’s market cap is back at $1.5 trillion, with Barclays and Morgan Stanley raising Q2 delivery forecasts ahead of this week’s shortened trading schedule. Analysts say Tesla’s stock is driven by market sentiment, with investors watching for breakthroughs in Robotaxi, Optimus, and AI.
Applied Materials Jumps 10% to All-Time High as Korea Unveils Major Semiconductor & AI Investment Plans
South Korea announced its largest-ever semiconductor and AI industry investment, committing about KRW 80 trillion to build four chip factories in the southwest—two by Samsung and two by contractors. The plan aims to double DRAM production in five years, boosting demand for equipment and benefiting leading global suppliers like Applied Materials.