Tadawul Review: ‎

Tadawul All Share Index (TASI) rose on Wednesday, ‎gaining 77 points (+0.72%) to close at 10,775.46. The ‎index opened 8 points above its previous close, but ‎before closing it faced selling pressure, yet remained in ‎the green zone. Overall, 14 out of 21 sectors closed in ‎the green zone, and 160 shares rose while 93 fell. Banks ‎‎(+1.1%), Materials (+1.8%), and Utilities (+1.0%) sectors ‎contributed the most to the index rise. Stockwise, SNB ‎‎(+2.8%), Maaden (+3.1%), and Alrajhi (+0.4%) were the ‎major contributors to the index rise. The trading ‎activity witnessed a decrease in volume and value of -‎‎16% and -15%, respectively, to reach 168mn shares and ‎SAR 3.8bn in value traded.‎

 

Market Wrap International:  

U.S. equities ended slightly lower as rising oil prices and higher Treasury yields prompted a cautious tone ahead of earnings from major technology companies, while investors also assessed the implications of persistent inflation pressures. Strength in selected industrial and defensive stocks, supported by solid corporate earnings, helped limit broader losses, but weakness across large-cap technology and software shares weighed on overall performance as investors trimmed AI-related positions. The S&P 500 declined -0.1%, the Dow Jones Industrial Average edged -0.01% lower, and the NASDAQ fell -0.6%.

European equities ended higher as stronger-than-expected corporate earnings and gains in industrial, financial, and aerospace shares outweighed concerns over higher energy prices and global inflation risks. Investor sentiment was also supported by resilient regional economic data, while defensive sectors and energy stocks added to the advance amid firmer crude prices. The FTSE 100 gained 1.2%, the DAX rose 0.6%, the CAC 40 advanced 0.9%, and the EURO STOXX 600 increased 0.6%.

Asian markets are trading mixed as investors balance resilient domestic economic data against continued caution surrounding the global technology sector and external demand, while stronger commodity prices supported resource-related shares in some markets. Chinese equities remained broadly steady as policy support helped underpin sentiment, whereas Hong Kong technology stocks came under renewed pressure and Japanese equities eased after recent gains despite a supportive currency backdrop. The SHCOMP rose 0.1%, the KOSPI gained 0.7%, the Nikkei 225 slipped -0.2%, and the Hang Seng declined -1.0%.