Tadawul Review:  

Tadawul All Share Index (TASI) fell on Tuesday for the ‎sixth consecutive day, dropping by -118 points (-1.1%) to ‎close at 11,095. The index opened 13 points lower than ‎its previous closing level and continued to decline until ‎the end of the session. Overall, 20 out of 21 sectors ‎closed in the red zone, while 204 shares fell and 46 rose. ‎Banks (-1.2%), Telecommunications (-1.6%), and Energy ‎‎(-1.0%) sectors contributed the most to the index fall. ‎Stockwise, Al Rajhi Bank (-1.3%), Aramco (-1.1%), and ‎Saudi National Bank (-1.7%) were the major ‎contributors. The trading ‎activity witnessed an increase ‎in volume of 15% to reach ‎‎273mn while the value ‎decreased by -1% to reach SAR4.5bn ‎value traded.‎

 

 

Market Wrap International:

U.S. markets closed mixed on Tuesday as a stronger-than-expected inflation reading and underwhelming bank earnings weighed on sentiment. Sectors such as Materials (-2.11%), Health Care (-1.88%), and Financials (-1.65%) posted notable declines. Meanwhile, the Nasdaq outperformed, supported by gains in Nvidia amid reports it could receive approval to continue trading with China. The S&P 500 dropped by -0.4%, the Dow Jones Industrial Average fell by -1%, while the NASDAQ advanced by 0.2%.

European markets edged lower, with the FTSE 100 retreating from record highs as U.S. inflation concerns and weak earnings from firms weighed on sentiment. The CAC 40 fell by -0.5%, DAX dropped by -0.4%, the European STOXX 600 dipped by -0.4%, and the FTSE 100 saw a decrease of -0.7%.

Asian markets advanced on Tuesday, as investors looked past U.S. tariff threats and welcomed upbeat first-half GDP figures out of China. The NIKKEI 225 gained by 0.6%, the KOSPI increased by 0.4%, and Hang Seng experienced a gain of 1.6%, while the SHCOMP posted a decline of -0.42%.