Tadawul Review: 

Tadawul All Share Index (TASI) rose on Tuesday, gaining 139 points to close at the 12,268 level. The index started the day strong and gradually increased, reaching 1.14% with a 35-point increase in the final auction. Which is the day's highest peak. In general, 12 out of 21 sectors closed in the green zone, and 116 shares rose while 100 fell. Banks (+0.9%), Materials (+2.6%), and Utilities (+5.5%) sectors contributed the most to the index rise. Stockwise, ACWA Power (+6.6%), Saudi National Bank (+2.3%), and Maaden (+4.4%) were the major contributors. The trading activity witnessed an increase in volume and value by 79% and 64%, respectively, to reach 418mn shares and SAR7.4bn in value traded.

 

 

Market Wrap International: 

U.S. stock futures climbed on Tuesday following record closing highs for both the S&P 500 and the Dow Jones Industrial Average. Strong market confidence was reflected in the S&P 500's 0.3% rise, the Nasdaq Composite's 0.6% gain, and the Dow Jones Industrial Average's 0.2% gain.

 

European markets traded positively as China's significant stimulus efforts supported shares of luxury companies and miners. The CAC 40 rose 1.3%, the FTSE 100 climbed 0.3%, the DAX was up by 0.8%, and the Euro STOXX 600 gained by 0.7%.

 

Asian stocks increased, with Chinese markets posting the largest gains following the central bank's announcement of multiple economic support measures. Key indices such as the Hang Seng climbing by 4.1%, the NIKKEI 225 increasing by 0.6%, and the KOSPI up by 1.1%.