Tadawul Review:

Tadawul All Share Index (TASI) rose on Tuesday, gaining 27 points (+0.2%) to close at 11,270. The index opened slightly above its previous close, then fluctuated throughout the session and closed at its highest point. Overall, 9 out of 21 sectors closed in the green zone, and 94 shares rose while 158 fell. Banks (+0.7%), Telecommunications (+1.1%), and Capital goods (+0.7%) sectors contributed the most to the index rise. Stockwise, Al Rajhi Bank (+1.1%), Saudi Telecom (+1.3%), and Saudi National Bank (+0.7%) were the major contributors. The trading activity witnessed a decrease in volume and value of -5% and -2%, respectively, to reach 188mn shares and SAR4.2bn in value traded.

 

 

Market Wrap International:

U.S. equities closed mixed on Tuesday as optimism over potential Federal Reserve easing later this year lifted value and cyclical shares, while profit-taking in major technology names weighed on the Nasdaq. The Dow Jones advanced 1.2%, supported by industrials and financials, and the S&P 500 edged up 0.2%, while the Nasdaq slipped 0.3% amid weakness in megacap tech after a rally in AI-related stocks last week.

European markets extended gains as investor sentiment improved on expectations of moderating inflation and resilient corporate fundamentals. Real-estate and technology sectors led advances, while easing energy prices provided an additional boost. The FTSE 100 rose 1.1%, the DAX gained 0.5%, the CAC 40 added 1.3%, and the EURO STOXX 600 climbed 1.3%.

Asian trading was mixed as investors weighed regional growth headwinds against sustained foreign inflows into emerging markets. The Shanghai Composite fell 0.4% on lingering property-sector weakness, while the Kospi gained 0.8% as chipmakers rebounded. Japan’s Nikkei 225 edged down 0.1% after a soft machinery orders report, and Hong Kong’s Hang Seng rose 0.2% amid cautious optimism over Chinese policy support.