Tadawul Shares End Tuesday Higher; Saudi Arabia's Quarterly GDP Declines
The Tadawul All Share Index closed Tuesday 0.10% in the green as market watchers assessed Saudi Arabia's latest gross domestic product data.According to the General Authority for Statistics, Saudi Arabia's real gross domestic product declined 4.7% annually in the second quarter. The kingdom's seasonally adjusted real gross domestic product, meanwhile, decreased by 4.8% quarter over quarter."Oil activities contributed negatively to real GDP in Q2 of 2026 5.4 percentage points (PP) while non-oil activities contributed positively by 0.6 (PP). Government activities and net taxes on products each contributed positively by 0.1 (PP). On a seasonally adjusted basis, oil activities were the main driver of the decline in real GDP, recording a negative contribution of 4.5 (PP). In addition, non-oil activities and net taxes on products recorded negative contributions of 0.2 and 0.1 (PP) respectively, while government activities recorded a positive contribution of 0.03 (PP)," the report said.Speaking of economic releases, investors will also be anticipating China's inflation data later in the day. Additionally, Saudi Arabia's industrial production numbers will be published on Thursday.In other news, Yemen's Houthis launched attacks on Saudi Arabian cities. The drone and missile strikes resulted in more than 70 injuries, as well as infrastructure fires.On the corporate front, Elm Co. (SASE:7203) shares closed 0.08% in the red as its Thiqah Business Services unit entered into a five-year deal to develop and digitize the Ministry of Commerce's services.
