Tadawul Shares End Wednesday Higher; Saudi Arabia's June Annual Construction Costs Rise
The Tadawul All Share Index closed Wednesday 0.72% in the green as it shrugged off the market jitters regarding the uncertainties over the widening Middle Eastern conflict.US Secretary of State Marco Rubio said that the country is still looking to discuss with Iran to end the war, media reports said. Rubio's statement comes as the US launched attacks on its Iranian targets for the 11th consecutive day.Back at home, and according to the General Authority of Statistics, the kingdom's construction cost index grew 2.7% annually in June after a 2.6% rise in May. Month over month, the construction costs edged up 0.1%."CCI for the residential sector recorded an annual increase of 2.6%. This was driven by a 4.5% increase in the costs of renting equipment and machinery, driven by a 6.2% increase in the costs of renting equipment and machinery with operators," the report said. "CCI for the non-residential sector recorded an annual increase of 3.1% compared to the corresponding month of 2025, due to an increase in the costs of renting equipment and machinery by 6.7%, driven by an 8.4% increase in the rental of equipment and machinery with operators, a 3.0% increase in labor cost."On the corporate front, Al Moammar Information Systems (SASE:7200) shares edged up 0.04% as it entered into a memorandum of understanding to study and review the potential establishment of data centers in Riyadh, Dammam, and Jeddah.Meanwhile, National Environmental Recycling (SASE:9540), d/b/a Tadweeer, and Jamjoom Pharmaceuticals Factory (SASE:4015) posted their financial statements for the first half of 2026. Both companies reported higher attributable net profit and revenue for the six months ended June 30.Tadweeer closed 1.32% higher, while Jamjoom closed 0.34% lower.
