Tadawul Review:

Tadawul All Share Index (TASI) fell on Tuesday, ‎dropping 78 points (-0.70%) to close at 10,906.44. The ‎index opened 36 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 36 shares rose while 226 fell. Materials (-1.1%), Telecommunications (-1.6%), Energy (-‎‎0.5%) sectors contributed the most to the index decline. ‎Stockwise, Aramco (-0.5%), Maaden (-0.8%), ACWA Power (1.2-%) were the major contributors to the ‎index decline. The trading activity witnessed a decrease ‎in volume and value of -23% and -10%, respectively, to ‎reach 189mn shares and SAR 4.0bn in value traded.‎

 

 

Market Wrap International:

U.S. equities ended higher after data-driven sector rotation and ‎sustained buying in growth and cyclical names supported major ‎benchmarks, with broad-based gains outweighing lingering ‎questions about monetary policy and earnings outlooks. Stocks ‎such as technology and consumer discretionary led the advance ‎while bond yields remained relatively steady, underpinning risk ‎sentiment; the S&P 500 rose 0.8%, the Dow Jones Industrial ‎Average climbed 0.8% and the NASDAQ increased 1.0%.‎

European equities ended mixed as markets absorbed global cues ‎and regional data, with modest strength in consumer and ‎financial stocks offsetting weakness in defensives and exporters; ‎uncertainty around growth headwinds and central bank guidance ‎kept sentiment cautious across the continent. The FTSE 100 ‎edged down 0.04%, the DAX slipped 0.02%, the CAC 40 gained ‎‎0.3% and the EURO STOXX 600 rose 0.2%.‎

Asian markets are trading with divergence across major bourses ‎as export-oriented markets and technology sectors show ‎resilience while Chinese and Hong Kong markets lag amid local ‎macro concerns and risk-off flows. South Korea’s KOSPI has ‎advanced 2.1%, Japan’s Nikkei 225 rose 0.9%, China’s SHCOMP ‎gained 0.9% whereas Hong Kong’s Hang Seng is lower by -1.8%.‎