Tadawul Review:

Tadawul Review:

Tadawul All Share Index (TASI) rose for the sixth consecutive day on Tuesday, gaining 96 points (+0.8%) to close at 12,194. The session opened on a positive note with an 11-point increase and continued to rise until the end of the day. In general, 14 out of 21 sectors closed in the green zone, and 110 shares rose while 118 fell. Banks (+0.8%), Materials (+0.8%), and Energy (+1.2%) sectors contributed the most to the index rise. Stockwise, Aramco (+1.2%), Al Rajhi Bank (+0.4%), and Maaden (+2.1%) were the major contributors. The trading activity witnessed a decrease in volume by -2% to reach 573mn shares, while the value increased by 2% to reach SAR6.9bn in value traded.

 

 

 

Market Wrap International: 

U.S. stocks saw a decline on Tuesday as investors stayed on edge before a key consumer inflation report, which is expected to play a significant role in shaping the outlook for interest rates. The S&P 500, Nasdaq Composite, and DOW Jones Industrial, all dropped by -0.3%.

European shares halted an eight-session winning streak on Tuesday, dragged down by losses in mining stocks. The rally fueled by China's stimulus promises lost steam after weak trade data, and attention shifted to the U.S. inflation report. The CAC 40 fell by -1.1%, the FTSE 100 decreased by -0.9%, the broader Euro STOXX 600 declined by -0.5%, and the DAX dropped by -0.1%.

Asian stocks mostly rose on Tuesday, led by a rally in Chinese shares fueled by optimism over further stimulus measures from the world’s second-largest economy, while the Reserve Bank of Australia kept interest rates unchanged, as expected. Major Asian indices, including the KOSPI, SHCOMP, and NIKKEI 225 gained by 2.4%,  0.6%, and 0.5%, respectively. In contrast, the Hang Seng saw a loss of -0.5%.