Tadawul Review:

Tadawul All Share Index (TASI) fell on ‎Tuesday, ‎dropping 22 points (-0.2%) to close at 11,583. ‎The index ‎opened 11 points above its previous closing ‎level. ‎Despite the positive opening, it sharply declined ‎during ‎the first hour before rebounding and gradually ‎increased, yet still closed in the red zone. Overall, 14‎‏ ‏‏out of ‎‎21 sectors closed in the red zone, while 154 ‎shares fell ‎and 85 rose. Materials (-1.0%), Banks (-0.3%), ‎and Energy ‎‎(-0.2%) sectors contributed the most to the ‎index fall. ‎Stockwise, Maaden (-1.8%), Saudi National ‎Bank (-1.1%), ‎and Saudi Bahri (-3.6%) were the major ‎contributors. ‎The trading activity witnessed a decrease ‎in volume and ‎value of -1% and -2% respectively, to ‎reach 306mn shares ‎and SAR6.1bn in value traded.‎‎

 

Market Wrap International:

U.S. stocks slipped as traders weighed fresh comments from Federal Reserve officials signaling patience on rate cuts amid persistent inflation concerns. Weakness in megacap tech names and a pullback in semiconductor shares pressured the broader market, while defensive sectors held firmer. The S&P 500 fell -0.4%, the Dow Jones lost -0.2%, and the Nasdaq declined -0.7%.

European equities were mixed, with minor gains in core indexes offset by a drag in healthcare and utilities. Energy and luxury stocks helped cap losses as oil prices stabilized, and consumer spending indicators improved modestly. The FTSE 100 rose 0.05%, the DAX added 0.03%, the CAC gained 0.04%, while the Euro Stoxx 600 slipped -0.2%.

Asian trading was subdued, with most markets closed for holidays. Japan’s Nikkei 225 inched up 0.01% as auto and chip names balanced caution in exporters. The SHCOMP, Kospi, and Hang Seng remained closed.