Tadawul Review:

Tadawul All Share Index (TASI) rose on Tuesday after heavy ‎losses over the past three days, gaining +175 points (+1.5%) ‎to close at 11,679 levels. The trading session began positively ‎with a 39-point increase at the opening, but in the middle of ‎the session, it reached its lowest point of the day before ‎gradually rising again until the close. In general, 20 out of 21 ‎sectors closed in the green zone, and 194 shares rose while ‎‎35 fell. Banks (+0.9%), Materials (+1.6%), and Utilities ‎‎(+3.2%) sectors contributed the most to the index rise. ‎Stockwise, Aramco (+1.5%), ACWA Power (+3.3%), and Al ‎Rajhi Bank (+1.0%) were the major contributors. The trading ‎activity witnessed a decline in volume and value of -11% and ‎‎-14%, respectively, to reach 404mn shares and SAR9.0bn in ‎value traded.‎

 

 

 

Market Wrap International: 

S&P 500 futures saw a modest increase on Tuesday following a significant drop in the broad index, which experienced its worst day in almost two years as global markets declined. The Dow Jones Industrial Average saw a 0.8% increase, reflecting renewed investor confidence. Both the S&P 500 and the Nasdaq Composite increased by 1%.

European markets recovered as investors capitalized on lower stock prices. This followed a dramatic drop in equity indices, which faced their largest single-day losses since 2008 due to worries about a potential US recession and rising tensions in the Middle East. The FTSE 100 and DAX indices increased by 0.2% and 0.1%, respectively, while the CAC 40 decreased by -0.3%.

Japanese stocks surged, recovering some of the significant losses they had experienced the day before and contributing to a mixed rebound in global markets. The major Asian indices exhibited mixed performance, with the KOSPI advancing by 3.3%, the Nikkei 225 rising by 10.2%, and the Shanghai Composite increasing by 0.2%, while the Hang Seng fell by -0.3%.