Tadawul Shares Rebound on Tuesday as Gulf Oil Flows Surge in September

08:31 AM EDT, 10/06/2026 (MT Newswires) -- The Tadawul All Share Index closed 1.05% in the green on Tuesday as investors cheered the surge in September Gulf oil flows, a sign pointing to the recovery of oil supplies. Kpler data showed that September Gulf oil flows excluding Iran rose to over 81% of their pre-war levels. The data logged 18.6 million barrels per day in oil exports for the reporting month, while crude, ⁠condensate, and refined fuels had an average of 19.2 million barrels per day. "While there are growing signs of a recovery in oil flows from the Persian Gulf, the market remains nervous about potential supply disruptions from the region. This is keeping prices well-supported for now. This nervousness is likely to persist until there are signs of progress in a deal between the US and Iran," ING said in a note. "Oil producers in the Persian Gulf continue to adapt to the region's situation. Kuwait said that it is producing at 75% of pre-war levels, while the Saudis also cut the official selling price of their Arab Light into Asia for November loadings, a sign of an improving supply picture." In other news, the Houthi group targeted the King Abdullah Bin Abdulaziz International Airport and Najran International Airport in Saudi Arabia. The attacks resulted in injuries and infrastructural damage. On the corporate front, Nofoth Food Products (SASE:2288) concluded the acquisition of a 65% stake in healthy food company Plenty Food Co. The food and bakery company's shares tumbled 0.32%. Meanwhile, Alramz Real Estate (SASE:4327) and Professional Medical Expertise Co. (SASE:9574), d/b/a ProMedEx, secured Shariah-compliant credit facilities worth 400 million Saudi riyals and 50 million riyals, respectively. Alramz will use the funding for real estate fund investments and operations, while ProMedEx will use the financing for medical equipment purchases. Alramz and ProMedEx closed 1.46% and 1.73% in the red, respectively.