Tadawul Review:

Tadawul All Share Index (TASI) fell on Wednesday, ‎decreasing by 43 points (-0.4%) to close at the 12,019 level. ‎TASI opened 2 points lower than the previous closing level ‎and then began to decrease further, fluctuating until it closed ‎at its lowest point for the session.‎‏ ‏Overall, 11 out of 21 ‎sectors closed in the red zone, ‎while 129 shares ‎fell and 92 ‎rose. Banks (-0.4%), Materials (-‎‎0.7%), and Utilities (-1.3%) ‎‎sectors ‎contributed the most to the index fall. Stockwise, ‎ACWA Power (-1.8%), Saudi Awwal Bank (-3.0%), and Sabic ‎‎(-‎‎1.0%) were the major contributors. The trading activity ‎‎witnessed a decrease in volume and value of ‎‎-54% and -18%, ‎‎respectively, to reach 586mn shares and SAR‏6.0bn in value ‎‎traded.‎

 

 

 

Market Wrap International: 

U.S. equity futures experienced fluctuations as investors evaluated corporate earnings, with Microsoft Corp. and Meta Platforms Inc. At the same time, gold and Bitcoin were hovering near their record highs. The S&P 500 inched down by -0.3%, the Nasdaq Composite fell by -0.6%, and the Dow Jones Industrial Average slipped by -0.2%.

On Wednesday, European markets slipped as investors assessed a fresh round of corporate earnings alongside regional growth figures, all while anticipating the U.K. government’s budget. Major indices faced declines today, with the DAX and CAC 40 both decreasing by -1.1%. The FTSE 100 slipped, falling by -0.7%.

 

Japanese stocks ended higher, bolstered by gains in the Shipbuilding, Finance & Investment, and Banking sectors. However, most Asian markets saw declines as risk appetite waned due to concerns about a closely fought U.S. presidential election and a wave of crucial economic indicators coming this week. Asian markets displayed mixed performances, with the NIKKEI 225 advancing by 1%. However, the Hang Seng Index fell by -1.5%, and the KOSPI declined by -0.9%.