Tadawul Review:

Tadawul All Share Index (TASI) fell on Wednesday, ‎dropping 31 points (-0.27%) to close at 11,114.90. The ‎index opened 22 points below its previous close, but it ‎recovered some losses before the close; however, it still ‎ended in the red zone. Overall, 15 out of 21 sectors ‎closed in the red zone, and 72 shares rose while 181 ‎fell. Banks (-0.5%), Energy (-0.6%), and Real Estate ‎Management & Development (-0.7%) sectors ‎contributed the most to the index decline. Stockwise, ‎Saudi Aramco (-0.6%), Alrajhi (-0.4%), and SNB (-0.7%) ‎were the major contributors to the index decline. The ‎trading activity witnessed a decrease in volume and ‎value of -23% and -9%, respectively, to reach 181mn ‎shares and SAR 4.2bn in value traded.‎

 

Market Wrap International:  

U.S. equities ended lower as investors reacted to a more hawkish Federal Reserve stance after policymakers kept rates unchanged but signaled that further tightening remains possible this year. Rising Treasury yields weighed on growth and technology shares, while caution around the inflation outlook and policy path reduced risk appetite across major sectors. The NASDAQ declined 1.3%, the S&P 500 fell 1.2%, and the Dow Jones Industrial Average dropped 1.0%.

European equities ended mixed as gains in banking and technology stocks offset weakness in autos, while investors assessed developments surrounding the U.S.-Iran peace framework and the implications of the Federal Reserve's policy outlook. Sentiment remained supported by easing energy concerns and improved risk appetite, although company-specific disappointments in the automotive sector limited broader advances. The FTSE 100 gained 0.1%, the DAX rose 0.1%, the CAC 40 declined 0.2%, and the EURO STOXX 600 advanced 0.5%.

Asian markets are trading with a mixed tone as investors balance the positive impact of lower oil prices and the U.S.-Iran peace agreement against concerns that the Federal Reserve could still raise rates later this year. Semiconductor and technology shares continued to support Japan and South Korea, while Hong Kong underperformed amid selective profit-taking. The SHCOMP rose 0.4%, the KOSPI gained 1.6%, the Nikkei 225 advanced 0.7%, and the Hang Seng fell 0.7%.