Tadawul Review:

Tadawul All Share Index (TASI) rose on Wednesday, gaining 12 points (+0.11%) to close at 10,942.00. The index opened 14 points above its previous close, but before closing it faced selling pressure, yet remained in the green zone. Overall, 7 out of 21 sectors closed in the green zone, and 77 shares rose while 177 fell. Energy (+0.9%), Real Estate Management & Development (+0.5%), and REITs (+0.5%) sectors contributed the most to the index rise. Stockwise, Saudi Aramco (+1.0%), Sabic (+1.4%), and SAB (+1.4%) were the major contributors to the index rise. The trading activity witnessed a decrease in volume and value of -8% and -4%, respectively, to reach 225mn shares and SAR 4.9bn in value traded.

 

Market Wrap International:

U.S. equities ended mixed as investors assessed inflation data and the implications of rising oil prices on the policy outlook, while persistent Middle East tensions kept risk sentiment cautious and limited broader equity gains. Energy-linked sectors found support from higher crude prices, while investors remained selective across technology shares following recent volatility. The S&P500 declined -0.1%, the Dow Jones Industrial Average fell -0.6%, and the NASDAQ increased 0.08%.

European equities ended lower as escalating geopolitical tensions and higher oil price expectations weighed on investor sentiment, while declines in defense, banking, and industrial shares pressured regional benchmarks despite gains in energy companies benefiting from stronger crude prices. The broader market tone remained cautious as investors also monitored the potential economic impact of energy supply risks and central bank policy expectations. The FTSE 100 fell -0.6%, the DAX dropped -1.4%, the CAC 40 declined -0.2%, and the EURO STOXX 600 slipped -0.6%.

Asian markets are trading mixed as investors reacted to global risk sentiment and movements in energy prices while monitoring regional economic signals and currency trends. Gains in technology and export-oriented shares supported some markets, while cautious sentiment limited advances in Hong Kong equities. China’s SHCOMP increased 0.2%, South Korea’s KOSPI advanced 1.4%, Japan’s Nikkei 225 gained 1.4%, while Hong Kong’s Hang Seng declined -0.2%.