Tadawul Review:

Tadawul All Share Index (TASI) fell on Tuesday, dropping by ‎‎-79 points (-0.6%) to close at the 12,182 level. TASI started ‎the session positively, opening with a gain of 5 points, but ‎gradually declined until the end of the session. Overall, 19 out ‎of 21 sectors closed in the red zone, while 143 shares fell and ‎‎79 rose. Banks (-1.0%), Utilities (-0.9%), and Materials (-‎‎0.4%) sectors contributed the most to the index fall. ‎Stockwise, Al Rajhi Bank (-0.7%), ACWA Power (-1.4%), and ‎Saudi National Bank (-1.5%) were the major contributors. ‎The trading activity witnessed a decrease in volume and ‎value of -8% and -9%, respectively, to reach 322mn shares ‎and SAR8.4bn in value traded.‎

 

 

 

Market Wrap International: 

On Tuesday, U.S. stock index futures were steady to slightly higher as investors kept their hopes up for possible policy changes. They are also looking forward to Nvidia's upcoming earnings report and important economic data due later in the week. The S&P 500 and the NASDAQ both rose by 0.2%, while the Dow Jones Industrial Average increased by 0.02%.

European markets climbed on Tuesday as investors weighed geopolitical uncertainties, while U.K. markets began trading again after being closed on Monday for a national bank holiday. The CAC 40 fell by -0.3%, the DAX increased by 0.3%, and the FTSE 100 gained 0.2%.

 

Asian stock performance was mixed on Tuesday as investors weighed the possibility of future U.S. interest rate cuts and awaited Nvidia’s earnings report. At the same time, escalating tensions in the Middle East and worries about supply issues affected risk sentiment and kept oil prices elevated. Asian markets saw gains, with key indices such as the Hang Seng rising by 0.4% and the Nikkei 225 increasing by 0.5%. However, the KOSPI experienced a decline of -0.3%.