Tadawul Review:

Tadawul All Share Index (TASI) fell on Wednesday, ‎dropping by 69 points (-0.6%) to close at 12,233. The ‎index opened unchanged and then started to decline ‎throughout the session. 14 out of 21 sectors closed in ‎the red zone, while 141 shares fell and 95 rose. Materials ‎‎(-1.7%), Banks (-0.3%), and Utilities (-2.1%) sectors ‎contributed the most to the index fall. Stockwise, ‎ACWA Power (-2.7%), Aramco (-0.7%), and Saudi ‎National Bank (-1.8%) were the major contributors. The ‎trading activity witnessed a decrease in volume by -1% ‎to reach 217mn shares, while the value increased by 9% ‎to reach SAR5.8bn in value traded.‎

 

 

Market Wrap International:

The S&P 500 edged higher Wednesday by 0.01%, but finished off its highs as investor sentiment cooled amid renewed tariff concerns and anticipation for Nvidia’s results. In the S&P 500, information technology led gains, rising 0.89%, followed by utilities at 0.37% and communication services at 0.09%. The Nasdaq gained by 0.3%, while the Dow Jones Industrial Average fell by -0.4%.

Corporate earnings fueled gains in European markets on Wednesday, with major indices closing at record levels as investors also weighed a key minerals pact between the U.S. and Ukraine. The CAC 40 rose by 1.2%, the DAX gained 1.7%, the Euro STOXX 600 advanced by 1.0%, and the FTSE 100 edged up by 0.7%

Asian stocks advanced Wednesday, with Hong Kong’s Hang Seng rising 3.3% amid a tech-driven rally, while other major regional indices also posted gains. The SHCOMP climbed by 1.0%, the KOSPI gained 0.4%, while the NIKKEI 225 edged lower by -0.2%.