Tadawul Review: ‎

Tadawul All Share Index (TASI) fell on Tuesday, ‎dropping 86 points (-0.80%) to close at 10,715.61. The ‎index opened 5 points above its previous close, but it ‎recovered some losses before the close; however, it ‎still ended in the red zone. Overall, 18 out of 21 ‎sectors closed in the red zone, and 73 shares rose ‎while 184 fell. Banks (-1.9%), Materials (-0.5%), and Real ‎Estate Management & Development (-1.2%) sectors ‎contributed the most to the index decline. Stockwise, ‎Alrajhi (-1.7%), SNB (-2.5%), and BSF (-3.8%) were the ‎major contributors to the index decline. The trading ‎activity witnessed an increase in volume and value of ‎‎+29% and +11%, respectively, to reach 260mn shares ‎and SAR 4.4bn in value traded.‎

 

 

Market Wrap International:  

U.S. equities ended higher as easing inflation concerns and ‎continued optimism around artificial intelligence supported ‎technology shares, while investors looked ahead to the start of ‎the second-quarter earnings season and further guidance from ‎Federal Reserve officials. Semiconductor and large-cap growth ‎stocks outperformed, helping offset a modest rise in Treasury ‎yields and keeping risk appetite constructive across Wall Street. ‎The NASDAQ gained 0.9%, the S&P 500 advanced 0.4%, and ‎the Dow Jones Industrial Average rose 0.02%.‎

European equities ended higher as investors took their cue from ‎Wall Street's resilience and remained encouraged by improving ‎sentiment toward technology and industrial shares, although ‎gains were moderated by caution ahead of key central bank ‎developments and corporate earnings releases. Energy shares ‎also found support from firm oil prices, while defensive sectors ‎lagged the broader market. The FTSE 100 gained 0.3%, the DAX ‎rose 0.1%, the CAC 40 increased 0.03%, and the EURO STOXX ‎‎600 advanced 0.2%.‎

Asian markets are trading higher as softer U.S. inflation data and ‎renewed strength in global technology stocks improved risk ‎sentiment across the region, while expectations that major ‎central banks may be able to ease policy later this year ‎supported buying interest. Technology and export-oriented ‎sectors led gains, with Chinese equities also benefiting from ‎optimism surrounding additional policy support measures. The ‎SHCOMP gained 1.4%, the KOSPI rose 0.7%, the Nikkei 225 ‎advanced 0.7%, and the Hang Seng increased 0.5%.‎