Tadawul All Share Index (TASI) fell on Tuesday, dropping 175 points (-1.55%) to close at 11,087.54. The index opened 12 points below its previous close, but it recovered some losses before the close; however, it still ended in the red zone. Overall, 20 out of 21 sectors closed in the red zone, and 14 shares rose while 249 fell. Banks (-1.4%), Materials (-2.2%), and Utilities (-2.7%) sectors contributed the most to the index decline. Stockwise, Alrajhi (-2.1%), Maaden (-2.5%), and ACWA Power (-3.1%) were the major contributors to the index decline. The trading activity witnessed an increase in volume of +13% to reach 288mn shares, an increase in value of +28% to reach SAR 5.7bn in value traded.
Market Wrap International:
U.S. equities ended mixed as cautious optimism around progress in Middle East negotiations supported late-session sentiment, while persistent inflation concerns tied to higher energy prices and uncertainty over Federal Reserve policy kept gains limited. Technology and selected growth names helped stabilize the market after earlier weakness, with investors also reacting to company-specific developments in AI and healthcare. The NASDAQ rose 0.1%, the S&P 500 advanced 0.1%, while the Dow Jones Industrial Average declined -0.2%.
European equities ended lower, pressured by heightened uncertainty surrounding Middle East developments and their implications for energy prices and inflation, alongside cautious signals from policymakers on the interest rate outlook. Broad-based weakness was evident across sectors, with technology and industrials underperforming amid concerns over global trade and supply chains. The FTSE 100 fell -0.8%, the DAX declined -1.1%, the CAC 40 dropped -0.7%, and the EURO STOXX 600 slipped -1.0%.
Asian markets are trading higher, supported by improved risk sentiment following signs of easing tensions in the Middle East, which drove a decline in oil prices and boosted confidence across regional equities. Technology and semiconductor stocks led gains, particularly in Japan and South Korea, while Chinese markets also advanced on broader regional strength; Hong Kong markets remained closed. The SHCOMP rose 0.3%, the KOSPI gained 0.8%, the Nikkei 225 increased 0.03%, while the Hang Seng was closed.