Tadawul Review:

Tadawul All Share Index (TASI) rose on Tuesday, ‎gaining 8 points (+0.07%) to close at 10,799.92. The ‎index opened in line with its previous close, but before ‎closing it faced selling pressure, yet remained in the ‎green zone. Overall, 11 out of 21 sectors closed in the ‎green zone, and 164 shares rose while 87 fell. Utilities ‎‎(+1.7%), Food & Beverages (+1.2%), and Consumer ‎Services (+1.4%) sectors contributed the most to the ‎index rise. Stockwise, ACWA Power (+2.8%), Maaden ‎‎(+0.9%), and Almarai (+1.5%) were the major ‎contributors to the index rise. The trading activity ‎witnessed an increase in volume and value of +24% and ‎‎+25%, respectively, to reach 305mn shares and SAR ‎‎5.5bn in value traded.‎

 

 

Market Wrap International:  

U.S. equities ended higher as easing Middle East tensions and ‎continued optimism over corporate earnings and artificial ‎intelligence-driven investment supported risk appetite, with ‎technology and semiconductor shares leading the advance ‎despite expectations that the Federal Reserve could keep interest ‎rates elevated. Investors also positioned ahead of the upcoming ‎earnings season, while cyclical sectors benefited from improving ‎market sentiment. The S&P500 rose 0.8%, the Dow Jones ‎Industrial Average gained 0.3%, and the NASDAQ advanced ‎‎1.5%.‎

European equities ended higher as improving global risk ‎sentiment and strength in technology shares lifted regional ‎markets, while lower energy prices and expectations for resilient ‎corporate earnings provided additional support. Financials and ‎industrials also contributed to gains as investors continued to ‎assess the economic outlook and central bank policy ‎expectations. The FTSE 100 gained 0.1%, the DAX advanced ‎‎1.5%, the CAC 40 rose 0.4%, and the EURO STOXX 600 ‎increased 0.9%. ‎

Asian markets ended mostly higher as optimism surrounding ‎artificial intelligence-related technology demand and stronger ‎regional risk appetite outweighed concerns over higher U.S. ‎Treasury yields and currency volatility. Japanese equities were ‎supported by technology exporters, while mainland Chinese ‎markets gained on improving economic sentiment, although ‎Hong Kong underperformed amid profit-taking in technology ‎shares. The SHCOMP rose 0.5%, the KOSPI advanced 1.0%, the ‎Nikkei 225 gained 0.9%, while the Hang Seng declined -0.6%.‎