Tadawul Review:

Tadawul All Share Index (TASI) rose on Tuesday, gaining 24 ‎points (+0.2%) to close at 11,987. The trading session began ‎on a positive note with a 31-point increase at the opening, ‎but gradually declined until midday, before recovering and ‎rising until the end of the session. In general, 18 out of 21 ‎sectors closed in the green zone, and 143 shares rose while ‎‎80 fell. Banks (+0.2%), Food and beverages (+1.1%), and ‎Retailing (+2.1%) sectors contributed the most to the index ‎rise. Stockwise, Al Rajhi Bank (+0.3%), Saudi National Bank ‎‎(+0.7%), and Elm Co. (+1.8%) were the major contributors. ‎The trading activity witnessed a decrease in volume by -40% ‎to reach 369mn shares, while the value increased by 25% to ‎reach SAR7.2bn in value traded.‎

 

 

Market Wrap International: 

As the market enters a crucial period, U.S. equity futures were mixed amid anticipation of important inflation data on Wednesday and upcoming interest rate decisions. The S&P 500 edged up by 0.4%, the Nasdaq Composite rose by 0.8%, and the Dow Jones Industrial Average experienced a -0.2% decline.

European markets edged lower on Tuesday amid anticipation of an upcoming rate cut by the European Central Bank. The CAC 40 dropped -0.2%, the FTSE 100 fell -0.8%, the DAX was down by -1%, and the Euro STOXX 600 lost -0.5%.

Asian markets were mixed on Tuesday. Traders are trying to gauge the future direction of US interest rates after last week's disappointing jobs report, with attention now shifting to upcoming key inflation data. Despite this, concerns about the ongoing struggles in the Chinese economy continue to temper market sentiment. Asian markets saw declines, with the Hang Seng index rising by 0.2%, the Nikkei 225 falling by -0.2%, and the KOSPI slipping by -0.5%.