Tadawul Review:

Tadawul All Share Index (TASI) rose on Tuesday, gaining 77 points (+0.7%) to close at 11,816. The session began on a negative note, with a 5-point drop from the previous close. After an initial rise, the index dropped until the middle of the day, then rebounded and continued to increase until the end of the session. In general, 18 out of 21 sectors closed in the green zone, and 176 shares rose while 51 fell. Banks (+0.4%), Materials  (+0.7%), and Capital goods (+4.9%) sectors contributed the most to the index rise. Stockwise, Saudi National Bank (+1.9%), ACWA Power (+1.5%), and Aramco (+0.4%) were the major contributors. The trading activity witnessed an increase in volume and value of 4% and 7%, respectively, to reach 365mn shares and SAR5.8bn in value traded.

 

 

Market Wrap International: 

After the S&P and Nasdaq hit record highs in the last session, U.S. stock index futures showed little change on Tuesday, as investors awaited a key jobs report and more insights from Federal Reserve officials later this week. The Nasdaq Composite and S&P 500 climbed by 0.4% and 0.05%, respectively, while the Dow Jones Industrial Average saw a decrease of -0.2%.

On Tuesday, European markets saw modest movement as traders monitored the political instability in France and looked ahead to upcoming economic reports. The FTSE 100 rose by 0.6%, the broader Euro STOXX 600 advanced 0.4%, the DAX gained 0.4%, and the CAC 40 was up by 0.3%.

Asian stocks advanced on Tuesday, with the tech sector outperforming, after Wall Street hit record highs overnight. The dollar lingered close to a six-week low against the yen as traders focused on the U.S. and Japan's interest rate outlooks. Major Asian indices, including the Hang Seng and SHCOMP, gained by 1% and 0.4%, respectively. In contrast, the KOSPI and NIKKEI 225 rose sharply by 1.9%.