Tadawul Review:

Tadawul All Share Index (TASI) fell on Tuesday by -22 points ‎‎(-0.2%) to close at 11443 levels. TASI opened the session on ‎a positive note, up 13 points from the previous close. After ‎the initial jump, the index continued declining until the end of ‎the session. In general, 12 out of 20 sectors closed in the red ‎zone, while 140 of 223 shares fell and 71 rose. Energy (-‎‎1.2%), Insurance (-1.2%), and Telecom (-0.5%) sectors ‎contributed the most to the index fall. Stockwise, Aramco (-‎‎1.3%), Elm Co. (-3.5%), and Saudi Telecom (-0.6%) were the ‎major contributors. The trading activity witnessed a decline in ‎volume by -4% to reach 169mn shares, while the value traded ‎remained unchanged.‎

 

 

Market Wrap International:

In the U.S, the key equity benchmarks initially faced difficulty ‎ahead of consumer-confidence and job-openings data but ‎gained momentum following favorable economic data and rally ‎in tech names. The Federal Reserve's reliance on data ‎remained a prominent consideration for traders. The S&P 500 ‎Index closed the session at ‎‏1.5‏‎ % with all eleven listed sectors ‎recording gains. Nasdaq Composite Index closed at 1.7 % The ‎yields on 2-10-year tenures rose by 1.2-1.7bps.‎

European stocks rose on Tuesday as investor risk appetite was ‎lifted by China's economic stimulus measures and positive UK ‎inflation data. The Stoxx 600 was up +1%. FTSE 100 was up ‎‎(1.7%). The country-level indices were up in a range between ‎of +0.7%|+0.9%. The stocks have erased a portion of their ‎gains accumulated this year amid worries over higher-for-‎longer interest rates and a crisis in China’s property market.‎

In Asia, Chinese stocks built on their previous day's gains as ‎investors found merit in Beijing's latest market-boosting ‎measures. However, lingering doubts persisted regarding the ‎long-term impact of these initiatives. The Chinese indices ‎SHCOMP and Hang Seng were up by +1.2% and +1.9%. As ‎same as the equity indices in Japan TOPIX (+0.2%) | NIKKEI ‎‎225 (+0.2%). The major indices in the region closed on a ‎positive note in a range of 0.1% |0.7%.‎