Tadawul All Share Index (TASI) fell on Tuesday, dropping by 153 points (-1.4%) to close at 10,714. TASI opened 7 points lower than the previous closing level and continued to gradually decline until after the middle of the session, then stabilized in the red zone until the end. Overall, 20 out of 21 sectors closed in the red zone, while 228 shares fell and 20 rose. Banks (-0.8%), Utilities (-4.7%), and Health care equipment and services (-3.6%) sectors contributed the most to the index fall. Stockwise, ACWA Power (-6.0%), Aramco (-1.3%), and Al Rajhi Bank (-1.0%) were the major contributors. The trading activity witnessed a decrease in volume by -4% to reach 251mn shares, while the value increased by 2% to reach SAR4.9bn in value traded.
Market Wrap International:
U.S. stocks declined on Tuesday as the Israel-Iran conflict entered its fifth day, fueling concerns over potential U.S. involvement. Oil prices surged to their highest level since January, while equities slipped, led by losses in Health Care (-1.64%), Consumer Discretionary (-1.55%), and Materials (-1.01%). President Trump’s demand for Iran’s “unconditional surrender” added to the geopolitical strain. The Nasdaq fell by 0.9%, the S&P 500 dropped by 0.8%, and the Dow Jones Industrial Average declined by 0.7%.
European markets extended their losses as escalating tensions in the Middle East rattled investor sentiment. Despite headlines of a major US-UK trade deal announced at the G7 Summit, concerns over broader regional instability overshadowed optimism. The CAC 40 dropped by 0.8%, the DAX fell by 1.1%, the Euro STOXX 600 slipped by 0.9%, and the FTSE 100 declined by 0.5%.
Asia-Pacific markets closed mixed as investors balanced deepening Middle East tensions with developments from the G7 Summit, where world leaders emphasized diplomacy and security. The Nikkei 225 rose by 0.6%, and the KOSPI added 0.1%, while the Shanghai Composite (SHCOMP) fell by 0.04%, and the Hang Seng Index lost 0.3%.