Tadawul Shares Close Wednesday Higher; US Inflation Rises MoM

07:28 AM EST, 11/11/2026 (MT Newswires) -- Saudi Exchange-traded shares closed the Wednesday session higher as a busy corporate earnings day pushed the Tadawul All Share Index 1.38% in the green. The US inflation rate came in hotter than expected as it rose to 0.4% in October, compared with the consensus forecast of a 0.3% rise. Core inflation, meanwhile, rose 0.3% on a monthly basis. "The CPI release got more attention than usual, partly because of comments from Fed Governor Waller a few hours beforehand. He was speaking in London, where he said that 'if the October CPI inflation data out later today are similar to the past two monthly readings - with core CPI inflation around 0.3 percent or even higher', then he thought 'a 50 basis point hike in the policy rate should be considered at the December meeting'. Indeed, he also said that in those circumstances, a 25bp hike 'would put our credibility at risk'. So when the core CPI print was confirmed at 0.3%, that led to mounting speculation about a larger rate hike," Deutsche Bank Research said. Back at home and on the corporate front, National Gypsum Co. (SASE:2090), Saudi Automotive Services (SASE:4050), d/b/a Sasco, and Najran Cement Co. (SASE:3002) swung to net losses in the third quarter. Shalfa Facilities Management (SASE:9613), on the other hand, reported a 243.374% rise in attributable net profit and a 44.368% increase in revenue for the three months ended Sept. 30. National Gypsum, Najran Cement, and Shalfa Facilities closed 1.03%, 0.76%, and 18.09% in the green. Sasco shares were 0.44% in the red. Meanwhile, Makkah Construction and Development Co. (SASE:4100) entered into a 25-year lease for a land plot that will be used to develop a park in Makkah. Shares of the construction group were 3.13% higher at closing.