Tadawul Review:  

Tadawul All Share Index (TASI) fell on Tuesday, ‎dropping by -138 points (-1.3%) to close at 10,843. TASI ‎started the session on a positive note, opening 10 points ‎higher than the previous close, but gradually declined ‎until the end of the session. Overall, all 21 sectors ‎closed in the red zone, while 231 shares fell and 25 rose. ‎Banks (-1.4%), Materials (-1.8%), and Real Estate (-1.8%) ‎sectors contributed the most to the index fall. ‎Stockwise, Al Rajhi Bank (-1.0%), Saudi National Bank (-‎‎2.1%), and Maaden (-2.7%) were the major contributors. ‎The trading activity witnessed an increase in volume ‎and value of 45% and 13%, respectively, to reach 516mn ‎shares and SAR4.9bn in value traded.‎

 

 

Market Wrap International:

The S&P 500 edged to another record close on Tuesday as traders balanced a wave of earnings reports with fresh trade headlines. Gains were led by Health Care (+1.90%), Real Estate (+1.79%), and Utilities (+1.29%). The S&P 500 climbed by 0.1% and the Dow Jones Industrial Average gained by 0.4%, while the NASDAQ dropped by -0.4%.

European stocks ended mostly lower, with German shares seeing sharp losses on weak earnings and fading U.S.-EU trade deal hopes, while the FTSE 100 outperformed on gains in energy. The CAC 40 fell by -0.7%, the Euro STOXX 600 dropped by -0.4%, and the DAX dipped by -1.1%, while the FTSE 100 saw an increase of 0.1%.

Asian markets were mixed on Tuesday, tracking Wall Street’s recent highs as investors awaited major U.S. earnings reports. The SHCOMP gained by 0.6% and the Hang Seng increased by 0.5%, whereas the NIKKEI 225 experienced a decline of -0.1% and the KOSPI posting a decrease of -1.3%.