Tadawul Review:

Tadawul All Share Index (TASI) rose on Wednesday, ‎gaining 40 points (+0.3%) to close at 11,586. The index ‎opened slightly below its previous close, rose for a ‎short while, then declined for around 20 minutes before ‎recovering and rising for the rest of the session. ‎Overall, 9 out of 21 sectors closed in the green zone, ‎and ‎‏91‏‎ shares rose while ‎‏163‏‎ fell. Energy (+‎‏3.6‏‎%), Banks ‎‎(+‎‏0.3‏‎%), and Telecommunications (+‎‏1.5‏‎%) sectors ‎contributed the most to the index rise. Stockwise, ‎Aramco (+‎‏3.8‏‎%), Al Rajhi Bank (+‎‏1.0‏‎%), and ACWA ‎Power (+1.9%) were the major contributors. The ‎trading activity witnessed an increase in volume and ‎value of 5% and 9%, respectively, to reach 245mn shares ‎and SAR5.3bn in value traded.‎

 

 

Market Wrap International:

U.S. stocks retreated as disappointing tech earnings and higher Treasury yields dampened sentiment. Netflix slumped more than 10% on a weak outlook, while Tesla fell nearly 4% despite record revenue. Investors also stayed cautious ahead of the delayed CPI release and amid renewed dollar strength. The S&P 500 -0.5%, Dow Jones Industrial Average -0.7%, and NASDAQ Composite -0.9%.

European equities were mixed, with London outperforming on easing inflation and rate-cut speculation. The FTSE 100 +0.9% after U.K. CPI slowed to 3.8%, while continental markets slipped as traders awaited key earnings and ECB signals. The DAX -0.7 %, CAC 40 -0.6%, and EURO STOXX 600 -0.2%.

Asian markets were subdued by escalating U.S.–China trade tensions following Washington’s warning of new export curbs in response to Beijing’s rare-earth measures. The Shanghai Composite -0.1%, Nikkei 225 -0.02%, and Hang Seng Index -0.9%, while South Korea’s KOSPI +1.6% on chip-sector strength and renewed foreign inflows.