Tadawul Review: 

Tadawul All Share Index (TASI) fell on Thuresday, losing 55 points (-0.5%) to close at the 11,902 level. The session opened 4 points lower than the previous closing level, and started to gradually decline throughout the end of the session. In general, 16 out of 21 sectors closed in the red zone, and 159 shares fell while 68 rose. Banks (-0.7%), Insurance (-1.8%), and Utilities (-1.0%) sectors contributed the most to the index fall. Stockwise, Al Rajhi Bank (-0.9%), ACWA Power (-1.2%), and Saudi National Bank (-0.9%) were the major contributors. The trading activity witnessed an a huge increase in volume by 173% and noticeable decrease in value by -14.3%, to reach 1.4bn shares and SAR4.7bn in value traded.

 

 

 

Market Wrap International: 

U.S. stock index futures declined on Wednesday as investors assessed corporate earnings against a backdrop of rising Treasury yields and political uncertainties. The S&P 500 dropped by -0.9%, the Nasdaq Composite fell by -1.6% and the Dow Jones Industrial Average declined by -1%.

European markets closed lower as investors shifted their attention to corporate earnings reports and fluctuations in U.S. Treasury yields. The CAC 40 fell by -0.5%, the DAX saw declines of -0.2%, with the FTSE 100 also falling by -0.6%, indicating a generally negative trend across the continent.

Asian stock market benchmark indices rebounded, driven by sustained buying from domestic institutional investors and encouraging trends across the region. However, Japanese stocks ended the day lower, primarily due to declines in the shipbuilding, power, and banking sectors. Asian markets presented mixed results, with the Hang Seng increasing by 1.3%, the NIKKEI 225 down by -0.8%, and the KOSPI up by 1.1%.