Tadawul Review:

Tadawul All Share Index (TASI) fell on Wednesday, ‎losing 31 points (-0.3%) to close at 10,498. TASI started ‎the session lower, opening 10 points down, then ‎fluctuated throughout the day before closing in the red ‎zone. Overall, 14 out of 21 sectors closed in the red ‎zone, while 200 shares fell and 54 rose. Energy (-0.6%), ‎Utilities (-1.6%), and Telecommunications (-0.9%) ‎sectors contributed the most to the index fall. ‎Stockwise, Aramco (-0.6%), ACWA Power (-1.8%), and ‎Saudi Telecom (-1.0%) were the major contributors. The ‎trading activity witnessed a decline in volume and value ‎of -8% and -14%, respectively, to reach 232mn shares and ‎SAR3.7bn in value traded.‎

 

 

 

Market Wrap International:

U.S. equities showed a split performance as investors positioned ahead of key inflation data. Chipmakers and ‎AI-linked names, including Nvidia, AMD, and Broadcom, surged on Oracle’s upbeat outlook, boosting the ‎Nasdaq, while weakness in Apple, Amazon, and Salesforce weighed on the Dow. The S&P500 added +0.3%, ‎the Dow Jones slipped -0.5%, and the Nasdaq edged +0.03%.

European markets softened as sentiment in retailers dragged, led by a sharp fall in Primark owner ABF after ‎weak sales guidance, though expectations of central bank easing limited broader losses. The FTSE 100 fell -‎‎0.2%, Germany’s DAX -0.4%, and the Euro STOXX 600 -0.02% while France’s CAC managed +0.2%, leaving.

‎Asian equities advanced on steady foreign inflows and confidence in policy support, with gains extending ‎across the region despite persistent caution on China’s recovery. The SHCOMP rose +0.1%, South Korea’s ‎Kospi +1.7%, Japan’s Nikkei 225 +0.9%, and Hong Kong’s Hang Seng +1.0%.‎