Tadawul Share End Wednesday Lower; BinDawood Holding Edges Up

08:04 AM EST, 12/24/2025 (MT Newswires) -- The Tadawul All Share Index closed Wednesday 0.52% lower, ending a three-day winning streak, as the continued geopolitical tensions between Russia and Ukraine dampened investor sentiment. Following a Russian attack on Tuesday, Ukraine retaliated with a drone attack on Moscow. The incident resulted in an industrial fire in the region of Tula, with Ukrainian drones also intercepted by the nation, Reuters reported. In other news, the US' GDP growth rate for the third quarter rose 4.3% from the 3.8% growth in the prior quarter. The newest figure is higher than the 3.2% forecast. "The delayed US third-quarter GDP report has come in at an eye-popping 4.3% annualised rate, a full percentage point above the consensus expectation," ING said in a note. "So a fantastic outcome, but fourth-quarter GDP is likely to record growth that is considerably slower, thanks in part to the effects of the month-long government shutdown. We also can't see the net trade component continuing to make such a strong contribution while consumer spending is also set to slow." Back at home, BinDawood Holding Co. (SASE:4161) entered into a share purchase deal to acquire a 51% stake in Wonder Bakery for 96.9 million Emirati dirhams. Shares of the grocery retailer gained 0.43% at closing. Meanwhile, Al Moammar Information Systems (SASE:7200), d/b/a MIS, shares closed 9.96% higher as it secured a 36-month project to renew the Saudi Central Bank's licenses, as well as provide support services for the client's operations.