Tadawul Review:

Tadawul All Share Index (TASI) rose on Tuesday, ‎gaining 69 points (+0.6%) to close at 11,503. The index ‎opened 5 points above its previous close and climbed ‎gradually until the middle of the session, then slightly ‎declined before rebounding and closing higher. Overall, 14 out of 21 sectors closed in the green zone, and 164 ‎shares rose while 83 fell. Banks (+1.3%), Materials ‎‎(+1.3%), and Telecommunications (+1.0%) sectors ‎contributed the most to the index rise. Stockwise, Al ‎Rajhi Bank (+1.8%), Saudi National Bank (+1.8%), and ‎Maaden (+2.4%) were the major contributors. The ‎trading activity witnessed an increase in volume of 12% ‎to reach 394mn shares, while the value fell by -2% to ‎reach SAR7.8bn in value traded.‎

 

 

Market Wrap International:

U.S. equities posted moderate gains as strength in technology and easing Treasury yields helped offset the impact of the government shutdown, which is expected to delay key economic data releases. Safe-haven demand pushed gold to new record highs. The S&P 500 advanced 0.4%, the Dow Jones rose 0.2%, and the Nasdaq gained 0.3%.

European markets ended higher, supported by softer inflation data and resilience in consumer and financial shares, though concerns over fiscal policy and growth prospects limited momentum. The FTSE 100 added 0.5%, the DAX rose 0.6%, the CAC gained 0.2%, and the Euro Stoxx 600 increased 0.5%.

Asian trading was mixed, with Chinese and Hong Kong benchmarks supported by liquidity measures, while Japan and South Korea underperformed on weak manufacturing data and semiconductor pressure. The SHCOMP rose 0.5% and the Hang Seng advanced 0.9%, while the Kospi and Nikkei 225 each declined -0.2%.