Tadawul Review:

Tadawul All Share Index (TASI) rose on Tuesday Gaining 42 ‎points (0.4%) to close at the 12,001.63 level. The session ‎opened 15 points higher than the previous closing level, and ‎it suffered additional selling pressure throughout the end of ‎the session. In general, 14 out of 21 sectors closed in the green ‎zone, and 81 shares fell while 144 rose. Banks (+0.4%), ‎Insurance (+2.0%), and Telecommunication (+1.1%) sectors ‎contributed the most to the index rise. Stockwise, Saudi ‎National Bank (+1.5%), Maaden (+1.8%), and Saudi Fransi ‎‎(+2.3%) were the major contributors. The trading activity ‎witnessed a decrease in volume and increase in value by -‎‎3% and 1%, respectively, to reach 422mn shares and ‎SAR7.3bn in value traded.‎

 

 

 

Market Wrap International:

 US stocks fell on Tuesday after ASML Holding's disappointing early earnings report triggered a selloff in chipmaker shares. The company's warnings about customer caution and potential lower sales next year impacted major indexes, interrupting the recent rally as traders reviewed corporate earnings. The Dow Jones Industrial Average, S&P 500, and Nasdaq all experienced declines, falling by -0.8%, -0.8%, and -1%, respectively.

Tuesday afternoon's European stock market close was lower as investors kept an eye on earnings and the swift drop in both tech and oil prices. Notable indexes like the FTSE 100, Euro STOXX, and CAC 40 experienced declines of -0.5%, -0.8%, and -1.1%.

In contrast to the rising trends in other Asian markets, Chinese stocks faced a downturn. This varied performance comes on the heels of Wall Street's rally, which pushed the Dow and S&P 500 to new all-time highs. The Nikkei 225 and KOSPI posted significant gains, rising by 0.8% and 0.4%, respectively. In contrast, the Hang Seng and SHCOMP saw declines of -3.7% and -2.5%.

 

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