Today: 3 July 2026
Browse Category

TADAWUL:1180 4 January 2026

Tadawul Group stock slides as oil drags Saudi market; new chairman named

Tadawul Group stock slides as oil drags Saudi market; new chairman named

RIYADH, Jan 4, 2026, 09:37 ET — Market closed Shares of Saudi Tadawul Group Holding Co, the operator of the Saudi Stock Exchange, fell 2.91% to 136.70 riyals in Sunday’s trade. The board appointed Mazen Abdulrazzaq Al Romaihas as chairman and Yazeed Abdulrahman Al Humaid as vice chairman for a four-year term starting Jan. 2, a bourse filing showed. The group has reported softer profitability, with nine-month 2025 net profit down 40.79% to 299.40 million riyals. Mubasher Info

Stock Market Today

  • Amtech (ASYS), IPG Photonics Sink as Semis Slide on AI Demand Questions
    July 2, 2026, 11:03 PM EDT. Amtech (ASYS) and IPG Photonics both sold off after the Philadelphia Semiconductor Index fell over 7%, with traders worried about slowing AI chip orders. Citi flagged that big cloud firms could cut spending if AI investments don't deliver returns. Some in the market are also eyeing Meta's move to lease AI computing power, seeing overcapacity risk building. Korean chip companies SK Hynix and Samsung took a hit on talk Apple is reaching out to Chinese suppliers, stirring up competition fears. The session showed heavy profit-taking and anxiety about growth in chips. Some analysts say the slower high-bandwidth memory build is more about margins than real weakness in AI chip demand.
Go toTop