Tadawul All Share Index in the Green; Fitch Keeps Aramco at A+

08:12 AM EST, 12/09/2025 (MT Newswires) -- The Tadawul All Share Index closed Tuesday 0.70% in the green, supported by higher oil prices and an expected 25-basis-point rate cut by the US Federal Reserve on Wednesday. "Along with the rate announcement, the Fed will also provide an updated Summary of Economic Projections and dot plot this week. Recall, in the September, the dot plot showed the majority of officials anticipated three rate cuts this year. At the same time, however, seven officials saw no need for any further rate cuts. Likely underscoring the 'strongly differing views,' as Chair Powell described it, the December dot plot will expectedly be another indication of an ongoing divide between the doves and the hawks, each in favor of a notably different pathway for policy," Stifel said in a note. The Saudi Central Bank will also make its move after the meeting. Local watchers closely monitor Fed meetings as the Saudi riyal is pegged to the US dollar. In other news, Ukraine plans to show a revised peace plan to the US. The amended 20-point deal followed a meeting between Ukrainian President Volodymyr Zelenskiy, British Prime Minister Keir Starmer, French President Emmanuel Macron and German Chancellor Friedrich Merz. Back at home and in corporate news, Fitch kept the A+ long-term foreign- and local-currency issuer default ratings for Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco. The affirmation was attributed to its large reserves and very conservative financial profile, among others. Aramco shares gained 0.08% at closing. Meanwhile, National Signage Industrial Co (SASE:9645), d/b/a Sign World, entered a one-year deal to operate and maintain the Saudi League's stadium screens for the 2025/2026 season. Shares of the signage company surged 15.68% higher.