Tadawul Review:  

Tadawul All Share Index (TASI) fell on Tuesday, ‎dropping by 22 points (-0.2%) to close at 10,770. TASI ‎started the session on a negative note, opening 8 ‎points lower than the previous close, then experienced ‎some fluctuations before dropping by the end of the ‎session. Overall, 14 out of 21 sectors closed in the red ‎zone, while 159 shares fell and 94 roses. Banks (-0.5%), ‎Materials (-0.8%), and Real Estate (-0.7%) sectors ‎contributed the most to the index fall. Stockwise, ‎Maaden (-1.8%), Riyad Bank (-1.8%), and Saudi National ‎Bank (-0.7%) were the major contributors. The trading ‎activity witnessed a decrease in volume and value by -12%, to reach 234mn shares and ‎SAR4.0bn in value traded.‎

 

 

Market Wrap International:

U.S. stocks climbed to record highs on Tuesday, with the S&P 500 and Nasdaq rising after cooler-than-expected inflation data boosted hopes for a September Fed rate cut, lifting sectors such as Communication Services (+1.79%), Information Technology (+1.41%), and Financials (+1.23%). The S&P 500 rose by 1.1%, NASDAQ gained by 1.4%, and the Dow Jones Industrial Average posted an increase of 1.1%.

European stocks rose, lifted by the extension of the U.S.-China tariff truce and broader global optimism, while investors awaited U.S. inflation data for clues on price pressures and monetary policy direction. The FTSE 100 gained by 0.2%, the CAC 40 increased by 0.7%, and the Euro STOXX 600 climbed by 0.2%. In contrast, the DAX saw a decline of -0.2%.

Asian markets mostly advanced, with Japan’s Nikkei 225 hitting a record high after the U.S. extended its tariff truce with China. The SHCOMP gained by 0.5%, the Hang Seng experienced a gain of 0.3%, and the NIKKEI 225 advanced by 2.1%, while the KOSPI dropped by -0.5%.