Tadawul Review:

Tadawul All Share Index (TASI) rose on Tuesday, ‎gaining 254 points (+2.4%) to close at 10,964 level. TASI ‎opened significantly higher, up by 174 points compared ‎to the previous close, then saw a decline for a few hours ‎before recovering and continuing its upward trend to ‎close at the highest point of the day. In general, 20 out ‎of 21 sectors closed in the green zone, and 248 shares ‎rose while 5 fell. Banks (+3.2%), Materials (+1.6%), and ‎Real Estate (+3.8%) sectors contributed the most to the ‎index rise. Stockwise, Al Rajhi Bank (+2.8%), Saudi ‎National Bank (+3.2%), and ACWA Power (+3.5%) were ‎the major contributors. The trading activity witnessed ‎an increase in volume and value by 90% and 109% ‎respectively, to reach 436mn shares and SAR8.4bn in ‎value traded.‎

 

 

 

 

Market Wrap International:

Wall Street rallied on Tuesday as easing tensions in the Middle East and measured comments from Fed Chair Jerome Powell lifted investor sentiment. Sector gains were led by Information Technology (+1.61%), Financials (+1.50%), and Communication Services (+1.39%). The Nasdaq rose by 1.4%, the S&P 500 advanced by 1.1%, and the Dow Jones Industrial Average gained by 1.2%.

European stocks also ended higher, supported by the ceasefire between Israel and Iran, which helped soothe geopolitical concerns. However, a sharp drop in oil prices weighed on energy stocks. The CAC 40 added 1%, the DAX rose by 1.6%, the Euro STOXX 600 climbed by 1.1%, and the FTSE 100 increased by 0.01%.

 

Asia-Pacific markets moved higher after President Trump confirmed the ceasefire between Israel and Iran was in effect. The Nikkei 225 gained 1.1%, the KOSPI rose by 3%, the Shanghai Composite (SHCOMP) edged up by 1.2%, and the Hang Seng Index advanced by 2.1%.