Tadawul Review:

Tadawul All Share Index (TASI) rose for the fourth ‎consecutive day on Tuesday, gaining 44 points (+0.4%) ‎to close at 10,596. The index opened 9 points below its ‎previous close, experienced some fluctuations for a few ‎hours, and then gradually increased until the end of the ‎session. In general, 17 out of 21 sectors closed in the ‎green zone, and 170 shares rose while 90 fell. Banks ‎‎(+0.8%), Utilities (+0.6%), and Materials (+0.2%) sectors ‎contributed the most to the index rise. Stockwise, ‎Saudi National Bank (+2.2%), Al Rajhi Bank (+0.4%), and ‎Alinma Bank (+1.0%) were the major contributors. The ‎trading activity witnessed a decrease in volume and ‎value of -12% and -3%, respectively, to reach 162mn ‎shares and SAR3.4bn in value traded.‎

 

 

 

Market Wrap International:

U.S. equities ended higher as major benchmarks extended gains ‎into the holiday-shortened week, supported by strong economic ‎data and broad strength in tech and cyclical sectors; the S&P ‎‎500 hit fresh record highs even as trading volumes remained ‎light heading into Christmas. The S&P 500 rose 0.5%, the Dow ‎Jones increased 0.2%, and the NASDAQ advanced 0.6%, with ‎notable contributions from heavyweight tech names and solid ‎reactions to robust U.S. third-quarter GDP figures. This marked ‎continued upside alongside positive sentiment on earnings and ‎rate-cut expectations. ‎

European equities ended mostly higher albeit with mixed sector ‎performance amid cautious positioning ahead of major U.S. data ‎and light holiday trading. The FTSE 100 gained 0.2%, the DAX ‎improved 0.2%, the CAC 40 declined 0.2%, and the EURO ‎STOXX 600 rose 0.3%, reflecting resilience in financials and ‎miners that helped offset weakness in specific consumer and tech ‎segments, while broader markets remained near recent highs. ‎

 

Asian markets ended mixed to slightly positive as regional stocks ‎largely followed Wall Street’s latest momentum, though ‎divergences persisted across markets. China’s SHCOMP ‎increased 0.1% and South Korea’s KOSPI rose 0.3% on broad ‎risk-on sentiment, while Japan’s Nikkei 225 slightly rose 0.02% ‎amid profit-taking and currency impacts; Hong Kong’s Hang ‎Seng edged down 0.1% with subdued sentiment as investors ‎positioned for year-end holidays.‎