Tadawul Review:

Tadawul All Share Index (TASI) fell on Tuesday, decreasing ‎by -24 points (-0.2%) to close at the 12,015 level. TASI ‎opened 11 points lower than the previous closing level and ‎began to decline during the first hour, then fluctuated until ‎the end of the session. Overall, 15 out of 21 sectors closed in ‎the red zone, while 140 shares fell and 86 rose. Utilities (-‎‎1.1%), insurance (-1.9%), and health care equipment and ‎services (-0.9%) sectors contributed the most to the index ‎fall. Stockwise, ACWA Power (-1.5%), Maaden (-1.6%), and ‎Saudi National Bank (-0.6%) were the major contributors. ‎The trading activity witnessed an increase in volume by 52% ‎to reach 985mn while the value decreased by -7% to reach ‎SAR5.7bn value traded.‎

 

 

Market Wrap International: 

U.S. stock index futures made modest gains on Tuesday, bouncing back slightly from recent sharp losses as investors prepared for a closely contested presidential election and the Federal Reserve’s upcoming meeting. The Nasdaq Composite surged 1.4%, the S&P 500 gained 1.2%, and the Dow Jones Industrial Average advanced 1%.

 European markets showed little movement on Tuesday, with investors worldwide focusing on the U.S. presidential election. The CAC 40 rose 0.5%, the DAX gained 0.6%, and the broader Euro STOXX 600 ticked up 0.1%. In contrast, the FTSE 100 slipped -0.1%.

 Asian markets saw modest gains on Tuesday as investors approached trading carefully, with heightened volatility surrounding the upcoming U.S. presidential election. In Asia, the SHCOMP advanced 2.3%, the Hang Seng climbed 2.1%, and the NIKKEI 225 saw a modest rise of 1.1%. In contrast, the KOSPI dipped -0.5%.