Tadawul Review:

Tadawul All Share Index (TASI) fell on Tuesday, falling by -57 ‎points (-0.5%) to close at the 12,065 level. TASI started the ‎session negatively, opening with losses of -7 points, after that, ‎it displayed fluctuations throughout the session until it closed. ‎Overall, 15 out of 21 sectors closed in the red zone, while 116 ‎shares fell and 110 rose. Materials (-0.7%), Banks (-0.2%), ‎and Energy (-0.9%) sectors contributed the most to the index ‎fall. Stockwise, Aramco (-0.9%), ACWA Power (-1.2%), and ‎Saudi Awwal Bank (-1.8%) were the major contributors. The ‎trading activity witnessed a decrease in volume and value of -‎‎8% and -22%, respectively, to reach 279mn shares and ‎SAR5.3bn in value traded.‎

 

 

Market Wrap International: 

U.S. index futures rose slightly on Tuesday as investors awaited indications on when interest rates might be reduced following the Federal Reserve's monetary policy announcement this week. At the same time, there was a cautious approach ahead of key earnings reports from major tech companies and upcoming jobs data. Despite this optimism, the S&P 500 fell by -0.5%, the Nasdaq Composite decreased by -1.3%, while the Dow Jones Industrial Average rose by 0.5%.

European markets experienced a modest increase as earnings reports continued to drive stock movements and investors anticipated central bank decisions in the U.S. and U.K. The CAC 40 rose by 0.4%, the DAX increased by 0.5%, while the FTSE 100 fell by -0.2%. This was despite varied corporate earnings results, with shares of Standard Chartered climbing over 5% after the U.K. bank announced its largest-ever share buyback of $1.5 billion and upgraded its outlook in its half-year results.

 

Asian markets largely fell in subdued trading on Tuesday as investors awaited upcoming central bank meetings, with the Federal Reserve, Bank of England, and Bank of Japan all set to discuss monetary policy this week. Despite this cautious sentiment, key indices such as the Hang Seng -1.4%, TOPIX -0.2%, and KOSPI -1% showed negative movements.