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Tadawul Shares Close Lower on Tuesday as US Inflation Rises in April

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The Tadawul All Share Index is back in the red at 1.07% on Tuesday as investors tuned in to the world's biggest economy's latest inflation print for April and its possible effect on the US Federal Reserve's next policy moves.

The US annual inflation rate rose to 3.8% in April, compared with 3.3% in the prior month. The core rate, meanwhile, also climbed to 2.8% from 2.6% in March.

"That core figure is ultimately what matters most for the Fed. Still, it is probably too early to expect clear evidence of second‑round effects, and we suspect that a hotter‑than‑expected headline print could be sufficient to give the recent hawkish repricing in the USD swap curve some additional momentum. There is currently 7bp of Fed tightening in the curve by year-end," ING said in a note.

In other news, market watchers are also focusing on US President Donald Trump's visit to China from Thursday to Friday. The meeting, which will also be attended by a business delegation, will focus on trade deals, Reuters reported.

Back at home, L'azurde Co. for Jewelry (SASE:4011), Almoosa Health (SASE:4018), and Obeikan Glass (SASE:4145) posted lower attributable net profit for the first quarter of 2026. However, all three stocks logged higher revenue for the three months ended March 31.

L'azurde Co. for Jewelry, Almoosa Health, and Obeikan Glass closed 2.35%, 3.47%, and 8.93% lower, respectively.

Meanwhile, on the corporate front, Arabian Pipes Co. (SASE:2200) ticked up 3.29% as it secured a 12-month deal to produce and deliver OCTG Casings pipes to Kuwait's KAC Trading.

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