Tadawul Review:  

Tadawul All Share Index (TASI) fell on Wednesday for ‎the seventh consecutive day, dropping by 57 points (-‎‎0.5%) to close at 11,039. The index opened 5 points ‎lower than its previous closing level. It experienced ‎some fluctuations initially, then gradually declined until ‎the end of the session. Overall, 20 out of 21 sectors ‎closed in the red zone, while 195 shares fell and 51 rose. ‎Banks (-0.2%), Energy (-0.7%), and Food and beverages (-‎‎1.4%) sectors contributed the most to the index fall. ‎Stockwise, Aramco (-0.7%), Al Rajhi Bank (-0.4%), and ‎Almarai (-1.7%) were the major contributors. The ‎trading activity witnessed a decrease in volume and ‎value of -20% and -11%, respectively, to reach 217mn ‎shares and SAR4.0bn in value traded.‎

 

 

 

Market Wrap International:

U.S. stocks fluctuated Wednesday before closing higher, as reports about potential Fed leadership changes sparked volatility, while President Trump later dismissed plans to remove Chair Jerome Powell. The late reversal helped major indexes finish higher, with Health Care (+1.22%), Real Estate (+1.07%), and Financials (+0.66%) leading the advance. The S&P 500 climbed by 0.3%, the NASDAQ gained by 0.3%, and the Dow Jones Industrial Average advanced by 0.5%.

European stocks slipped, erasing earlier gains after reports suggested the U.S. president was considering removing Federal Reserve chairman, sparking caution. The CAC 40 fell by -0.6%, DAX dropped by -0.2%%, the European STOXX 600 dipped by -0.6%, and the FTSE 100 saw a decline of -0.1%.

Asian markets fell as a new 19% U.S. tariff on Indonesian exports and rising inflation concerns lifted the dollar and dampened hopes for Fed easing. The NIKKEI 225 slipped by     -0.04%, the SHCOMP dropped by -0.03%, KOSPI experiencing a decrease of -0.9%, and the Hang Seng posting a decline of         -0.3%.