Tadawul Shares Extend Winning Streak as Saudi's Construction Cost Index Sees Continued Growth

08:14 AM EST, 12/22/2025 (MT Newswires) -- Saudi equities ended higher on Monday as increasing oil prices, as well as the continued expansion of the kingdom's construction cost index, pushed the Tadawul All Share Index 0.65% in the green. According to the General Authority for Statistics, Saudi Arabia's November construction cost index rose 1%, which was attributed to a rise in construction costs in the residential and non-residential sectors. "CCI for the residential sector increased by 1.0% in November 2025, primarily due to a 1.5% rise in labor costs compared to November 2024. Additionally, the cost of renting equipment and machinery rose by 1.3%, driven by a 1.5% increase in the rental of equipment and machinery with operators," the report said. In other news, the US is going after a sanctioned oil tanker in Venezuela, Reuters reported, citing US officials. The move marks the potential interception of a third ship after US President Donald Trump's blockade of oil tankers. Back at home, Saudi Ground Services Co. (SASE:4031) shares declined 5.96% as it obtained a notice regarding a financial claim worth 201.2 million Saudi riyals made by Saudi Amad for Airport Services and Transport Support. Meanwhile, First Avenue for Real Estate Development (SASE:9610) acquired the Capital Avenue - Al Qirawan project in Riyadh for 310 million riyals. Shares of the real estate group gained 0.34%.