Tadawul Review:  

Tadawul All Share Index (TASI) fell on Tuesday, ‎dropping by 51 points (-0.5%) to close at 11,294. The ‎index opened 11 points lower than its previous closing ‎level, showed some fluctuations initially, and then ‎continued to decline until the end of the session. ‎Overall, 19 out of 21 sectors closed in the red zone, ‎while 187 shares fell and 65 rose. Utilities (-2.8%), Banks ‎‎(-0.3%), and Materials (-0.3%) sectors contributed the ‎most to the index fall. Stockwise, ACWA Power (-3.4%), ‎Saudi National Bank (-0.5%), and Al Rajhi Bank (-0.2%) ‎were the major contributors. The trading activity ‎witnessed an increase in volume by 12% to reach 467mn ‎shares, while the value decreased by -4% to reach ‎SAR5.3bn in value traded.‎

 

 

Market Wrap International:

U.S. stocks struggled for direction on Tuesday, with major indexes closing mostly lower as investors tried to make sense of President Trump’s latest tariff rhetoric. While he granted a brief reprieve on some “Liberation Day” duties, he held firm on the August 1 start date for broad new tariffs, leaving little room for exemptions. Defensive sectors bore the weight of the caution, with Consumer Staples down 1.09%, Utilities off 1.07%, and Financials slipping 0.9%. The Nasdaq gained by 0.03%, whereas the S&P 500 dropped by -0.1% and Dow jones Industrial Average slipped by -0.4%.

European stocks climbed. Even with President Trump's recent warnings about possible tariffs on countries without U.S. trade deals, investors mostly ignored his comments. The FTSE 100 climbed by 0.5%, the CAC 40 experienced a rise of 0.6%. The DAX recorded an uptick of 0.6%, and the Euro STOXX 600 advanced by 0.4%.

Asia-Pacific markets displayed resilience, reflecting European trends despite Trump's tariff threats on 14 countries. Major key indices experienced increases. The KOSPI rose by 1.8%, the SHCOMP increased by 0.7%, the Hang Seng gained 1.1%, and the NIKKEI 225 saw a rise of 0.3%.