Tadawul Review:

Tadawul All Share Index (TASI) rose on Tuesday, gaining 18 ‎points (+0.2%) to close at 11,886 level. The index began ‎unchanged from the previous close but then experienced a ‎decline during the first 20 minutes before starting to rise ‎gradually until the end of the session. In general, 17 out of 21 ‎sectors closed in the green zone, and 131 shares rose while ‎‎97 fell. Materials (+1.2%), Utilities (+1.1%), and Real ‎Estate‎‎ (+0.9%) sectors contributed the most to the index rise. ‎Stockwise, Maaden (+6.6%), ACWA Power ‎‎(+1.6%), and ‎Saudi National Bank (+0.6%) were the major contributors. ‎The trading activity witnessed a decrease in volume by -20% ‎to reach 432mn while the value increased by 5% to reach ‎SAR5.7bn value traded.‎

 

 

Market Wrap International: 

On Tuesday, the S&P 500 ended the day nearly unchanged after reaching an all-time high, as investors eagerly anticipated the Federal Reserve's imminent interest rate cut announcement. The S&P 500 edged up by 0.03%, the Nasdaq Composite gained 0.2%, while the Dow Jones Industrial Average slipped by -0.04%.

In Europe, the STOXX 600 closed at its highest level in two weeks, buoyed by optimistic sentiment surrounding the potential for a significant interest rate cut by the U.S. Federal Reserve later this week. European indices displayed mixed results on Tuesday: the CAC 40 and DAX both advanced by 0.5%, while the Euro STOXX index climbed by 0.4%.

Meanwhile, Asian markets experienced varied outcomes as investors awaited the Fed's interest rate decision, which is widely expected to be substantial. The Hang Seng index rose by 1.4%, contrasting with a -1% drop in the NIKKEI 225, while the KOSPI closed flat on the day.