Tadawul Review:

Tadawul All Share Index (TASI) fell ‎on Tuesday, losing ‎‎‎165 points (-1.5%) to close at 10,687. ‎The index opened ‎‎‎slightly below its previous close, ‎then rose briefly for a ‎few minutes, then gradually ‎declined ‎until the end of session to close ‎in the red ‎territory. Overall, 20 out of 21 sectors ‎closed in ‎the red ‎zone, and 238 shares fell while 16 ‎rose. Energy (-‎‎2.6%), ‎Banks (-0.9%), and Health & care ‎equipment (-3%) ‎sectors ‎contributed the most to the ‎index fall. ‎Stockwise, Aramco (-2.7%), Al ‎Rajhi Bank (-‎‎0.9%), and ‎ACWA Power ‎‎(-2.3%) were the major ‎contributors. ‎The trading ‎activity witnessed a ‎decreased in volume ‎and value of ‎‎-22% and -45%, ‎respectively, to reach ‎‎184mn shares ‎and SAR 4 bn in ‎value traded.‎‎

 

 

Market Wrap International:

U.S. equities rallied as cooling economic data and restrained Federal Reserve messaging reinforced expectations for rate cuts later this year, helping boost risk appetite across major benchmarks. Tech and cyclicals participated in a broad advance, with easing Treasury yields supporting sentiment and lifting the Dow the most among the majors. The S&P 500 rose 0.9%, the Dow gained 1.4%, and the Nasdaq added 0.7%.

European markets strengthened in tandem, supported by the global shift toward dovish rate expectations and improving risk tone across sectors. Industrials, financials, and consumer names helped lead the move higher as regional investors aligned with the U.S. momentum despite still-muted macro signals. The FTSE 100 rose 0.8%, the DAX gained 1.0%, the CAC advanced 0.8%, and the Euro Stoxx 600 climbed 0.9%.

Asian equities posted moderate gains as the constructive global backdrop and softer U.S. data improved sentiment across the region, though buyers remained selective amid ongoing concerns around China’s growth trajectory and currency pressures. Strength in Shanghai and Hong Kong supported the overall tone, while Japan and Korea lagged on lighter tech participation. The SHCOMP rose 0.9%, the Kospi gained 0.3%, the Nikkei 225 inched up 0.1%, and the Hang Seng added 0.7%.