The Tadawul All Share Index closed little changed on Monday at 0.04% in the red as investors assessed the latest economic releases by Saudi Arabia.
According to the General Authority of Statistics, the kingdom's industrial production index rose 5.1% year over year in 2025. The growth was attributed to a rise in mining and quarrying, manufacturing activities, among others.
Meanwhile, the country's construction cost index also ticked up annually by 2.6% in May from the 2.4% climb in April. The increase was attributed to growth in construction costs in the non-residential and residential sectors.
In international news, investors tuned in to the results of Iran and the US' first round of talks in reaching a final peace agreement. The "positive" discussions in Switzerland led to the two parties agreeing to a roadmap for a lasting deal.
"Encouraging progress in US-Iran talks in Switzerland, mediated by Qatar and Pakistan, has seen both sides agree overnight to a roadmap towards a potential deal within 60 days, alongside the creation of technical working groups, a de conflict mechanism covering Lebanon, and a direct communication line aimed at avoiding incidents and keeping the Strait of Hormuz open," Deutsche Bank Research said in a note.
Back at home and on the corporate front, Alshehili Metal Industries Co. (SASE:9624) secured a contract to produce and deliver 377 refrigerated trailers to Almarai Co. (SASE:2280). Shares of Alshehili Metal closed 1.79% higher, while Almarai ticked down 1.30%.