Tadawul Review: ‎

Tadawul All Share Index (TASI) rose on Tuesday, ‎gaining 12 points (+0.10%) to close at 11,036.25. The ‎index opened 14 points below its previous close, but ‎before closing it faced selling pressure, yet remained in ‎the green zone. Overall, 13 out of 21 sectors closed in ‎the green zone, and 91 shares rose while 158 fell. ‎Energy (+0.4%), Materials (+0.5%), and Capital Goods ‎‎(+0.8%) sectors contributed the most to the index rise. ‎Stockwise, Saudi Aramco (+0.4%), Alrajhi (+0.3%), and ‎Maaden (+0.8%) were the major contributors to the ‎index rise. The trading activity witnessed a decrease in ‎volume and value of -16% and -6%, respectively, to reach ‎‎164mn shares and SAR 3.2bn in value traded.‎

 

 

Market Wrap International:  

U.S. equities ended lower as rising oil prices and renewed Middle ‎East tensions intensified inflation concerns ahead of key U.S. ‎inflation data, while higher Treasury yields added pressure to ‎equities. Energy stocks provided some support, but weakness in ‎software and healthcare shares weighed on the broader market. ‎The S&P 500 declined –0.6 %, the Dow Jones Industrial Average ‎fell –1.2 %, and the NASDAQ lost –0.3 %. ‎

European equities ended broadly subdued as higher crude prices ‎revived inflation concerns and raised expectations for tighter ‎monetary policy, while weakness in pharmaceutical shares offset ‎gains in energy and mining stocks. German trade data also ‎pointed to continued pressure on Europe’s export-oriented ‎economy, keeping sentiment cautious. The FTSE 100 declined –‎‎0.1 %, the DAX was unchanged, the CAC 40 gained 0.1 %, and ‎the EURO STOXX 600 slipped –0.05 %. ‎

Asian markets are trading lower overall as oil prices approach ‎‎$100 a barrel, keeping inflation and interest-rate concerns at the ‎forefront, while a stronger yen and expectations of further Bank ‎of Japan tightening weighed on Japanese equities. Technology ‎and semiconductor shares are providing some support in parts ‎of the region, but broader risk sentiment remains cautious ahead ‎of U.S. inflation data. The Shanghai Composite is up 0.2 %, while ‎the KOSPI is down –0.6 %, the Nikkei 225 is lower by –1.7 %, ‎and the Hang Seng has declined –0.4 %. ‎