Tadawul Review: 

Tadawul All Share Index (TASI) rose on Tuesday’s session for ‎the fourth day by 23 points (+0.2%) to close at 11,317 levels. ‎TASI opened the session positively with a 23 points gain. ‎However, TASI gradually declined after the first trading hour ‎before rebounding to its intraday high in the last trading hour ‎and closing auction. In general, 13 out of 20 sectors closed in ‎the green zone, while 105 of 223 shares rose and 105 fell. ‎Materials (+0.3%), Food and beverages (+0.7%), and Utilities ‎‎(+0.8%) sectors contributed the most to the index's rise by 10 ‎points. Stockwise, Maaden (+1.9%), Elm Co. (+5.7%), and ‎Savola (+3.2%) were the major contributors. The trading ‎activity witnessed an increase in volume and value of 5% and ‎‎5%, respectively, to reach 191 shares and SAR6.7bn in value ‎traded.‎

 

 

Market Wrap International:

The global equity markets were muted again on Tuesday with ‎investors deciding to adopt a wait and see approach ahead of ‎the Fed's policy decision next week. The economic data in ‎Europe and lack of progress on the much-hyped stimulus ‎package in China too kept the investors on the sidelines. Oil ‎prices moved sideways a day after the initial impact of ‎production cut. In the U.S, the key equity benchmarks, S&P ‎‎500 and Nasdaq Composite were little changed at session with ‎‎0.2% and 0.4% move. The tech names which have rallied the ‎index in the past session were relatively subdued.‎

In Europe, the economic data from Germany on factory ‎output added to a list of key indicators in the region showing ‎possible steep slowdown in economic activity. The Stoxx ‎Europe 600 Index close at +0.4%. ‎

In Asia, investors were positive on the prospects of target ‎measures in China and news flow of possible cut in deposit ‎rate to stimulate demand. However the key indices in the ‎country moved sideways (Hang Seng” +0.05%, Shanghai ‎Composite: -1.1%). Indices in Japan led the charge for the ‎second straight session (Topxi:+0.7%). Other indices were ‎broadly mixed in the range of +0.9to -0.2%.‎