Tadawul Review:

Tadawul All Share Index (TASI) rose on Wednesday, gaining ‎‎78 points (+0.7%) to close at 12,093. The trading session ‎began on a positive note with a 39-point increase at the ‎opening and continued to rise during the first hour. However, ‎the index then started to decline before rebounding toward ‎the end of the session. In general, 13 out of 21 sectors closed ‎in the green zone, and 168 shares rose while 60 fell. Banks ‎‎(+1.6%), Materials (+1.3%), and Capital goods (+1.4%) ‎sectors contributed the most to the index rise. Stockwise, Al ‎Rajhi Bank (+2.3%), Maaden (+4.1%), and Bank AlBilad ‎‎(+3.1%) were the major contributors. The trading activity ‎witnessed a decrease in volume by -0.4% to reach 981mn ‎shares, while the value increased by 32% to reach SAR7.5bn ‎in value traded.‎

 

 

Market Wrap International: 

U.S. stock index futures made modest gains on Tuesday, bouncing back slightly from recent sharp losses as investors prepared for a closely contested presidential election and the Federal Reserve’s upcoming meeting. The Nasdaq Composite surged 1.4%, the S&P 500 gained 1.2%, and the Dow Jones Industrial Average advanced 1%.

 European markets showed little movement on Tuesday, with investors worldwide focusing on the U.S. presidential election. The CAC 40 rose 0.5%, the DAX gained 0.6%, and the broader Euro STOXX 600 ticked up 0.1%. In contrast, the FTSE 100 slipped -0.1%.

 Asian markets saw modest gains on Tuesday as investors approached trading carefully, with heightened volatility surrounding the upcoming U.S. presidential election. In Asia, the SHCOMP advanced 2.3%, the Hang Seng climbed 2.1%, and the NIKKEI 225 saw a modest rise of 1.1%. In contrast, the KOSPI dipped -0.5%.