Tadawul Shares End Tuesday Higher; Saudi Arabia's Industrial Production Declines in September

07:31 AM EST, 11/10/2026 (MT Newswires) -- The Tadawul All Share Index ended the Tuesday trading session 0.61% in the green, with investors shrugging off the downbeat preliminary data in Saudi Arabia's latest economic release. Flash data from the General Authority for Statistics showed that the industrial production index fell 10.9% in September. The decline was attributed to lower mining, quarrying, and manufacturing activities. Month-over-month, the index rose 15.6%. "The index of oil activities in September 2026 decreased by 15.5% compared to the same month of the previous year, while the index of nonoil activities increased by 0.1%. The results also indicated that the index of oil activities increased by 24.7%, and the index of non-oil activities increased by 0.6% compared to August 2026," the report said. Speaking of macro news, market watchers will also focus on the release of the October inflation numbers of the US. The country's CPI is forecasted to come in at 3.9% on an annual basis. Core inflation, meanwhile, is expected to stand at 2.8%. Back at home and on the corporate front, Saudi Industrial Development Co. (SASE:2130), d/b/a SIDC, shares rose 2.44% as its SIDC Ceramic Factory branch secured an order to deliver sanitary goods, bathroom fixtures, and related accessories for the Ebayya Quarters Housing Villas project in Riyadh. Meanwhile, AlJazira Bank (SASE:1020) disclosed that it plans to redeem its tier 2 sukuk worth 2 billion Saudi riyals on Dec. 8. Shares of the lender closed 0.09% in the red.