Tadawul Review:

Tadawul All Share Index (TASI) fell on Tuesday, ‎dropping by 59 points (-0.5%) to close at 12,048. TASI ‎started the session with a negative note, opening 2 ‎points lower than the previous close. The index briefly ‎recovered during the first 15 minutes but then declined ‎gradually closing at its lowest point of the day. Overall, 18 out of 21 sectors closed in the red zone, while 152 ‎shares fell and 70 rose. Banks (-0.8%), Real Estate (-‎‎2.1%), and Retailing (-2.1%) sectors contributed the most ‎to the index fall. Stockwise, Al Rajhi Bank (-1.1%), ‎Alinma Bank (-2.3%), and Saudi Telecom (-1.7%) were ‎the major contributors. The trading activity witnessed a ‎decrease in volume and value of -49% and -23%, ‎respectively, to reach 478mn shares and SAR5.7bn in ‎value traded.‎

 

 

Market Wrap International: 

U.S. stock index futures pulled back on Tuesday, in anticipation of the week’s important inflation data, after Wall Street hit a series of all-time highs thanks to optimism over Donald Trump’s election victory. The Dow Jones Industrial Average slipped by -0.9%, the S&P 500 dipped by -0.3%, and the Nasdaq Composite eased by -0.1%.

As U.S. President-elect Donald Trump prepares to return to the White House, European markets fell on Tuesday as investors evaluated the potential impact on the region's economy. The CAC 40 slid by -2.7%, the DAX dropped by -2.1%, the Euro STOXX 600 declined by -2%, and the FTSE 100 edged lower by -1.2%.

Concerns over a possible U.S.-China trade war under Donald Trump, combined with disappointment over Beijing’s decision not to introduce new measures to boost its sluggish economy, led to a sharp decline in Asian markets on Tuesday. The Hang Seng dropped by -2.8%, the KOSPI declined by -1.9%, the SHCOMP fell by -1.4%, and the NIKKEI 225 edged down by -0.4%.