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Tadawul All Share Index Close Higher Ahead of Key Economic Data

MT Newswires·01/01/2026 08:08:52
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08:08 AM EST, 01/01/2026 (MT Newswires) -- The Tadawul All Share Index ended the first trading session of 2026 on Thursday at 0.56% in the green amid light trading volumes due to the New Year holiday in major markets. The local economic calendar next week includes the Riyad Bank Saudi Arabia Purchasing Managers' Index for December 2025, which will provide investors with insights into the country's non-oil private sector. The PMI dropped to 58.5 in November 2025, which signaled easing but still solid growth. On the geopolitical front, Ukrainian President Volodymyr Zelenskyy on Thursday said that Russia launched a drone attack on its energy infrastructure. The attacks came after Ukraine rejected allegations related to targeting Russian President Vladimir Putin's residence. "Russia deliberately brings war into the New Year - launching more than two hundred attack drones against Ukraine overnight," Zelenskyy said in a post on X, formerly Twitter. "We expect that everything agreed with the United States at the end of December for our protection will be delivered on time." Zooming in at home, stocks of Thimar Development Holding (SASE:4160) closed the session 0.16% lower. The agricultural products company divested its 22% shareholding in Yamama Plus Serviced Apartments for 8.9 million Saudi riyals. On the other hand, Waja Co (SASE:9560) canceled its application to move its listing to the main market from the Nomu - Parallel market, while Ladun Investment Co (SASE:9535) signed a raw land development contract in return for a percentage of the project's estimated cost of 33.7 million riyals. Shares of Waja and Ladun Investment were 0.36% and 5.26% in the green, respectively, at closing.