Tadawul Review: 

Tadawul All Share Index (TASI) fell on Tuesday, dropping by 10 points (-0.1%) to close at 12,370. The index opened 14 points higher than its previous close, then faced fluctuations until the end of the session, closing in the red zone. Overall, 8 out of 21 sectors closed in the red zone, while 97 shares fell and 133 rose. Utilities (-2.9%), Food and beverages (-1.0%), and Energy (-0.5%) sectors contributed the most to the index fall. Stockwise, ACWA Power (-3.5%), Aramco (-0.5%), and Saudi National Bank (-1.0%) were the major contributors. The trading activity witnessed an increase in volume and value of 5% and 8% respectively, to reach 293mn shares and SAR6.9bn in value traded.

 

 

Market Wrap International:

On Tuesday, as traders focused on the potential for President Donald Trump's policies to boost the economy, stocks, bonds, and the dollar all climbed. U.S. stocks moved higher after more companies reported better-than-expected profits for the end of last year. The dollar gained ground, bouncing back from its steepest decline in 14 months following Trump’s suggestion that tariffs on Canada and Mexico could be imposed by February 1, which surprised those anticipating a slower approach. The Dow Jones Industrial climbed by 1.2%, the S&P 500 advanced by 0.9%, and the NASDAQ rose by 0.6%.

European stock markets saw modest movement, hovering around the neutral zone as investors weighed the potential effects of U.S. President Donald Trump's tariff proposals after his inauguration. The CAC 40 increased by 0.5%, the DAX rose 0.2%, the Euro STOXX 600 increased 0.4%, and the FTSE 100 rose by 0.3%.

Asia-Pacific markets were mostly higher on Tuesday, with investors waiting for further insight into U.S. President Donald Trump’s policies after his inauguration. Key indices such as the NIKKEI 225 gained 0.3%, and the Hang Seng rose by 0.9%. In contrast, the KOSPI fell by -0.1%, and SHCOMP dropped by -0.1%.