Tadawul Review:

The Tadawul All Share Index (TASI) declined on ‎Wednesday, dropping 33 points (-0.3%) to close at ‎‎11,899. The index initially opened 8 points higher than ‎the previous closing level but saw increased volatility ‎mid-session before ultimately trending lower by the ‎close. Overall, 14 out of 21 sectors ended in the red, ‎with 165 shares declining and 69 advancing. Energy (-‎‎1.3%), Insurance (-1.4%), and Healthcare (-1.1%) sectors ‎were the largest contributors to the decline. Among ‎individual stocks, Aramco (-1.3%), Riyadh Cables (-4.3%), ‎and Sulaiman Al Habib (-1.3%) led the losses. Trading ‎activity saw a -15% drop in volume, with 215 million ‎shares traded, and a -13% decrease in value, totaling SAR ‎‎5.6 billion.‎

 

 

 

Market Wrap International:

U.S. stocks surged Wednesday following a volatile session, as investor sentiment improved after President Donald Trump granted U.S. automakers a one-month reprieve from the newly imposed 25% tariffs on Canada and Mexico. Major indexes closed sharply higher, with hopes rising that trade tensions could ease. In the S&P 500, materials led gains with a 2.63% increase, followed by consumer discretionary at 1.75% and industrials at 1.59%. The S&P 500 rose by 1.1%, the Nasdaq surged by 1.5%, and the Dow Jones Industrial Average grew by 1.1%.

European markets rebounded sharply on Wednesday, recovering from the previous session’s steep declines. German stocks led the gains after the country’s leaders agreed to overhaul borrowing rules, aiming to boost defense spending and stimulate economic growth. The CAC 40 rose by 1.6%, the DAX gained 3.4%, the Euro STOXX 600 advanced by 0.9%.

Asian markets rebounded Wednesday as investors hoped for potential negotiations on U.S. tariffs imposed on Mexico, Canada, and China. The Hang Seng rose by 2.8%, the SHCOMP increased by 0.5%, the Nikkei 225 advanced 0.2%, and the KOSPI gained by 1.2%.