Tadawul Review:

Tadawul All Share Index (TASI) rose on Tuesday, ‎gaining 92 points (+0.9%) to close at 10,519. The trading ‎session opened with a slight gain compared to the ‎previous close, then declined and held in the red zone ‎until the middle of the session, before rebounding and ‎rising gradually to close in the green zone. Overall, 21 ‎out of 21 sectors closed in the green zone, and 233 ‎shares rose while 20 fell. Banks (+1.0%), Materials ‎‎(+0.9%), and Energy (+0.6%) sectors contributed the ‎most to the index rise. Stockwise, Al Rajhi Bank (+1.1%), ‎Saudi National Bank (+2.7%), and Aramco (+0.6%) were ‎the major contributors. The trading activity witnessed ‎an increase in volume of 1% to reach 243mn shares, ‎while the value fell by -34% to reach SAR4.3bn in value ‎traded.‎

 

 

Market Wrap International:

U.S. stocks slipped as investors positioned cautiously ahead of the Federal Reserve’s policy meeting, with lingering inflation concerns and weaker economic signals keeping sentiment in check. The S&P 500 fell -0.1%, the Dow Jones lost -0.3%, and the Nasdaq edged down   -0.1%.

In Europe, markets declined sharply, pressured by weakness in financials, industrials, and real estate. Persistent growth worries and higher bond yields weighed heavily on sentiment, with the DAX dropping -1.8%, the CAC -1.0%, the FTSE 100    -0.9%, and the Euro Stoxx 600 -1.1%.

Asian equities showed a mixed performance. The Kospi rose 1.2% on strength in chipmakers, while the Nikkei 225 gained 0.3% and the SHCOMP added 0.04%. The Hang Seng slipped -0.03%, reflecting continued caution over China’s economic outlook.