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Tadawul Shares Plunge on Tuesday; Saudi Arabia's Operating Revenue Index Rises in August
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08:31 AM EDT, 10/20/2026 (MT Newswires) -- The Tadawul All Share Index plunged 1.69% in the red on Tuesday as investors assessed Saudi Arabia's latest economic data, as well as its initial batch of earnings reports for the third-quarter period. Preliminary data from the General Authority for Statistics showed that the kingdom's operating revenues index rose 3% annually in August. Issued permits, on the other hand, declined 19.7% year over year to 5,621. The employee compensation index grew 6.3% annually. On the same day, the statistics agency released its third-quarter figures for the real estate price index. The index recorded a 1.2% year-over-year growth. Quarter-over-quarter, the index declined. "REPI decreased on a quarterly basis by 1.2% during Q3 of 2026, compared to the previous quarter (Q2 of 2026). REPI was affected by the decrease in the prices of the residential sector by 1.5%, driven by the decrease in the prices of residential lands by 2.1%, the prices of apartments by 0.5%, and the prices of villas by 0.4%, while the prices of residential floors increased by 1.0%. The prices of the commercial sector also decreased by 0.3%, driven by the decrease in the prices of commercial lands by 0.4% and the prices of exhibitions and shops by 1.7%, while the prices of buildings increased by 0.2%," the agency said in its report. In corporate news, Etihad Etisalat (SASE:7020), d/b/a Mobily, and Yamama Cement (SASE:3020) released their financial statements for the third quarter. Both companies logged higher revenue and attributable net profit in the period. Mobily and Yamama shares were 2.83% and 1.51% lower at closing, respectively. Advanced Building Industries Co. (SASE:2240), d/b/a Senaat, shares closed 0.93% in the green as its Zamil Structural Steel Co. subsidiary received a 19-month contract to provide structural works for the National Tennis Center in Riyadh.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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