Tadawul Shares End Tuesday Higher; Al Rashid Industrial Gains

08:05 AM EST, 12/23/2025 (MT Newswires) -- The Tadawul All Share Index extended its winning streak to a third day as it closed Tuesday 0.41% higher as investors digested the latest updates between the Ukrainian and Russian conflict. Ukraine's President Volodymyr Zelenskiy said that the discussions between negotiators, European leaders, and the US regarding the 20-point peace plan to end its war with Russia are "in place" and "very close to a real result." Speaking of the conflict, Russia on Tuesday launched missile and drone attacks in Ukraine. The move resulted in power cuts and three casualties. Meanwhile, investors are focusing on the release of the US' delayed estimated GDP growth rate for the third quarter and the December Conference Board's consumer confidence indicator. "Looking forward, today we'll see the last batch of US data before Christmas. That includes the delayed Q3 GDP print, although that's backward-looking and covers the period before the shutdown. However, a more recent piece of data will be the Conference Board's consumer confidence reading for December. Remember that in November, the last reading was the lowest since the Liberation Day turmoil in April, so that will be in the spotlight given the recent downtick in sentiment indicators," Deutsche Bank Research said in a note. Back at home, the board of Al Rashid Industrial (SASE:9580) proposed to boost its capital to 120 million Saudi riyals from 80 million riyals through issuing bonus shares. Shares of the plastics and packaging company edged up 0.44% at closing. Meanwhile, Future Vision Health Training Co. (SASE:9632) gained 1.37% as it secured a renewable one-year deal to deliver training services to the Ministry of Health's staff.