Tadawul Shares End Sunday Higher; Multi Business Group Ticks Up
The Tadawul All Share Index closed Sunday 0.89% in the green as investors digested the latest geopolitical developments across the globe.Ukraine and Russia launched back-and-forth attacks on Sunday. The missile and drone attacks resulted in injuries, at least one casualty, fires, and property damage, Reuters reported.In other news, market watchers are still focusing their attention on the updates regarding the US-Iran peace talks and the reopening of the Strait of Hormuz, both of which have stalled. The Middle Eastern country said that the talks will resume if the US fulfills its requirements.Back at home, Twareat Medical Care (SASE:9627) shares closed flat as it logged a 139.37% surge in attributable net profit, while sales rose 65.08% in the six months ended June 30."The company's revenues for the first half of 2026 increased to 149.7 million SAR, compared to 90.7 million SAR for the same period of the previous year, an increase of 59 million SAR, representing 65% growth. This increase is attributed to the execution of a new project for the National Unified Procurement Company (NUPCO), in addition to the commencement of new medical service contracts in the Eastern Region," the medical services company said in its report.Meanwhile, the board of Multi Business Group (SASE:9619) decided to distribute a dividend of 0.04 riyal per share for the first half of 2026. The company paid 0.06 riyal per share a year ago. Shares of the building contracting and maintenance services company closed 3.39% higher.Looking ahead in the week, the local economic calendar will be empty except for the release of the kingdom's June short-term business statistics on Thursday.
