Tadawul Review:  

Tadawul All Share Index (TASI) rose on Wednesday, ‎gaining 90 points (+0.8%) to close at 10,914. TASI ‎started the session on a negative note, opening 5 ‎points lower than the previous close, but then ‎gradually increased throughout the session to close at ‎its highest point. In general, 17 out of 21 sectors closed ‎in the green zone, and 145 shares rose while 100 fell. ‎Banks (+1.2%), Utilities (+4.3%), and ‎Telecommunications (+0.6%) sectors contributed the ‎most to the index rise. Stockwise, ACWA Power ‎‎(+5.9%), Al Rajhi Bank (+1.1%), and Saudi National ‎Bank (+1.5%) were the major contributors. The trading ‎activity witnessed an increase in volume by 124% to ‎reach 678mn shares, while the value decreased by -2% ‎to reach SAR4.3bn in value traded.‎

 

 

 

Market Wrap International:

The S&P 500 slipped after earlier gains as Fed Chair Powell dashed hopes for immediate rate cuts, pointing to tariff-related inflation risks. The Materials sector experienced a decline of 1.99%, followed by Real Estate at -1.43% and Energy at -1.35%. The S&P 500 fell by -0.1% and the Dow Jones Industrial Average saw a decrease of -0.4%, while the NASDAQ gained by 0.1%.

European shares ended little changed, as traders weighed corporate earnings against looming U.S. tariffs. British stocks were steady, with names like Adidas, Porsche, and Aston Martin hinting at possible price hikes due to trade tensions. The CAC 40 rose by 0.1%, the DAX increased by 0.2%, and the FTSE 100 saw an increase of 0.01%, while the Euro STOXX 600 slightly dropped by -0.02%,

Asian stocks ended mixed in cautious trade, with investors eyeing key events like U.S. tech earnings, central bank decisions, and the upcoming tariff deadline. Hopes for extended U.S.-China trade talks also shaped sentiment. The KOSPI gained by 0.7% and the SHCOMP advanced by 0.2%, while the Hang Seng experienced a drop of -1.4% and the NIKKEI 225 posted a decrease of -0.05%.