Tadawul All Share Index (TASI) rose on Tuesday, gaining 82 points (+0.74%) to close at 11,249.54. The index opened 1 point above its previous close, but before closing it faced selling pressure, yet remained in the green zone. Overall, 16 out of 21 sectors closed in the green zone, and 177 shares rose while 76 fell. Banks (+1.0%), Materials (+1.0%), and Energy (+0.5%) sectors contributed the most to the index rise. Stockwise, Alrajhi (+1.1%), Saudi Aramco (+0.4%), and SAB (+2.5%) were the major contributors to the index rise. The trading activity witnessed an increase in volume and value of +23% and +19%, respectively, to reach 367mn shares and SAR 7.2bn in value traded.
Market Wrap International:
U.S. equities ended sharply higher as easing concerns around Middle East tensions and a pullback in oil prices improved risk sentiment, while lower Treasury yields supported a rebound in technology and growth stocks. Semiconductor and large-cap tech names led gains as investors rotated back into risk assets following recent weakness, with broader participation also seen across cyclical sectors. The move reflected a relief rally after heightened volatility tied to energy-driven inflation concerns. The NASDAQ rose 3.8%, the S&P 500 gained 2.9%, and the Dow Jones Industrial Average advanced 2.5%.
European equities ended higher, tracking the strong lead from Wall Street as improved global risk appetite offset lingering concerns around energy prices and growth. Gains were supported by broad-based advances across industrials and financials, while defensive sectors lagged in the more constructive environment. Sentiment remained linked to global macro developments, particularly energy markets and geopolitical signals, with investors positioning more selectively. The FTSE 100 rose 0.5%, the DAX gained 0.5%, the CAC 40 increased 0.6%, and the EURO STOXX 600 advanced 0.4%.
Asian markets are trading mixed as investors balanced the positive global lead from Wall Street against regional pressures, including currency dynamics and export sensitivity. Technology sentiment remained uneven, while sharp weakness in South Korea weighed on the broader regional tone, contrasting with more resilient performance in Hong Kong. Chinese equities faced modest pressure amid cautious domestic sentiment, while Japan declined in line with global positioning adjustments. The SHCOMP fell -0.8%, the KOSPI dropped -4.3%, the Nikkei 225 declined -1.6%, while the Hang Seng rose 0.2%.