Tadawul Review:

Tadawul All Share Index (TASI) fell on Tuesday, ‎dropping by 91 points (-0.8%) to close at 11,792. TASI ‎started the session on a negative note, opening 11 ‎points lower than the previous close and continued to ‎decrease until the end of the session. Overall, 19 out of ‎‎21 sectors closed in the red zone, while 192 shares fell ‎and 52 rose. Banks (-0.3%), Materials (-0.8%), and Energy ‎‎(-1.3%) sectors contributed the most to the index fall. ‎Stockwise, Al Rajhi Bank (-0.6%), Saudi National Bank (-‎‎0.9%), and Sulaiman Al Habib (-1.9%) were the major ‎contributors. The trading activity witnessed an increase ‎in volume and value of 10% and 9%, respectively, to ‎reach 261mn shares and SAR5.9bn in value traded.

 

 

Market Wrap International:

Wall Street fell sharply on Tuesday, ending a two-day rebound as investors turned cautious ahead of the Federal Reserve’s policy meeting. Gold surged to record highs amid rising economic uncertainty. In the S&P 500, communication services dropped 2.14%, consumer discretionary declined 1.90%, and information technology slid 1.65%. The S&P 500 fell by -1.1%, the Nasdaq dropped by -1.7%, and the Dow Jones Industrial Average declined by -0.6%.

European stocks ended higher, supported by Germany’s Bundestag approving a key fiscal package and optimism surrounding a pivotal call between U.S. President Donald Trump and Russian President Vladimir Putin. The CAC 40 rose by 0.5%, the DAX gained 1%, the Euro STOXX 600 advanced by 0.6%, and the FTSE 100 edged up by 0.3%.

Asian markets traded mostly higher, supported by Wall Street’s gains and renewed optimism over China’s economy, while investors continued bargain hunting after recent declines. The Hang Seng rose by 2.5%, the SHCOMP increased by 0.1%, the Nikkei 225 advanced 1.2%, and the KOSPI gained by 0.1%.‎