Tadawul Review:

Tadawul All Share Index (TASI) rose on Tuesday, up by +56 points (+0.5%) to close at 11,797 levels. TASI began the session positively, opening with a 12-point rise. It declined during the first hour of the session, then gradually rose until the end. Overall, 17 out of 21 sectors closed in the green zone, and 163 shares rose while 62 fell. Energy (+0.9%), Telecommunications (+1.3%), and Health care equipment and services (+1.8%) sectors contributed the most to the index rise. Stockwise, Aramco (+0.9%), Bank AlBilad (+3.5%), and ACWA Power (+0.8%) were the major contributors. The trading activity witnessed a decrease in volume and value of -17% and -9%, respectively, to reach 210mn shares and SAR5.5bn in value traded.

 

 

Market Wrap International: 

The initial panic from last week's surge in U.S. stock market volatility seems to have eased. The S&P 500 rose by 1.7%, the Nasdaq Composite gained 2.4%, and the Dow Jones Industrial Average climbed by 1%.

European stocks rallied into positive territory in late morning trading on Tuesday, with the earlier gains from last week’s volatility continuing to drive the market upward. All major European indices experienced gains, highlighting positive momentum in the market: the CAC 40 rose by 0.3%, the DAX climbed by 0.5%, and the FTSE 100 increased by 0.3%.

Asian stock markets were experiencing mixed trading on Tuesday, following the mixed signals from Wall Street the previous day. Investors seem hesitant to make significant moves ahead of the upcoming US inflation reports, which are expected to affect interest rate forecasts. On Tuesday, Asian markets mostly ended higher. The major Asian stock indices saw positive movements, with the KOSPI rising by 0.1%, the NIKKEI 225 increasing by 3.4%, and the Hang Seng Index gaining 0.4%.