Tadawul Review: ‎

Tadawul All Share Index (TASI) fell on Tuesday, ‎dropping 97 points (-0.89%) to close at 10,781.62. The ‎index opened 6 points below its previous close, but it ‎recovered some losses before the close; however, it still ‎ended in the red zone. Overall, 21 out of 21 sectors ‎closed in the red zone, and 25 shares rose while 236 ‎fell. Banks (-0.4%), Materials (-1.2%), and Utilities (-2.3%) ‎sectors contributed the most to the index decline. ‎Stockwise, Saudi Aramco (-0.5%), ACWA Power (-2.1%), ‎and Maaden (-1.3%) were the major contributors to the ‎index decline. The trading activity witnessed an ‎increase in volume and value of +30% and +10%, ‎respectively, to reach 230mn shares and SAR 4.6bn in ‎value traded.‎

 

 

Market Wrap International:

 U.S. equities ended lower as rising oil prices and higher Treasury ‎yields reinforced inflation concerns ahead of the Federal ‎Reserve’s policy decision, while weakness in semiconductor and ‎technology shares added pressure to growth stocks. The 10-year ‎Treasury yield moved above 5%, while energy was the only ‎major sector to advance as higher crude prices supported the ‎group. The S&P 500 fell -0.4%, the Dow Jones Industrial Average ‎declined -0.6%, and the NASDAQ dropped -0.8%.‎

European equities ended lower as higher oil prices and rising ‎bond yields revived inflation and interest-rate concerns, keeping ‎pressure on risk assets. Financial and luxury stocks ‎underperformed, while energy shares provided some support as ‎crude prices remained elevated. The FTSE 100 fell -0.4%, the ‎DAX declined -0.2%, the CAC 40 lost -0.3%, and the EURO ‎STOXX 600 eased -0.3%.‎

Asian markets are trading lower as investors remain cautious ‎ahead of the Federal Reserve decision, with elevated oil prices, ‎high U.S. Treasury yields and weaker global technology ‎sentiment weighing on risk appetite. Chinese equities are also ‎being pressured by softer domestic consumption and continued ‎weakness in the property sector, despite stronger industrial ‎activity, while losses in technology and export-oriented shares ‎are weighing on regional benchmarks. The SHCOMP is down -‎‎0.5%, the KOSPI is lower by -0.9%, the Nikkei 225 is down -‎‎0.01%, and the Hang Seng has declined -1.0%.‎