Tadawul Review:

Tadawul All Share Index (TASI) rose on Wednesday, ‎gaining 57 points (+0.53%) to close at 10,856.90. The ‎index opened 5 points above its previous close, but ‎before closing it faced selling pressure, yet remained in ‎the green zone. Overall, 18 out of 21 sectors closed in ‎the green zone, and 176 shares rose while 82 fell. Real ‎Estate Management & Development (+2.2%), Utilities ‎‎(+1.6%), and Telecommunication Services (+1.2%) ‎sectors contributed the most to the index rise. ‎Stockwise, ACWA Power (+1.5%), EIC (+7.6%), and SNB ‎‎(+0.8%) were the major contributors to the index rise. ‎The trading activity witnessed a decrease in volume and ‎value of -4% and -9%, respectively, to reach 294mn ‎shares and SAR 5bn in value traded.‎

 

 

Market Wrap International:  

U.S. equities ended slightly lower as investors assessed Federal Reserve Chair Kevin Warsh’s reaffirmation of the central bank’s commitment to its inflation target while positioning ahead of the U.S. employment report. Weakness in semiconductor and broader technology shares weighed on sentiment, although gains in selected artificial intelligence-related stocks helped limit broader losses. The S&P500 declined -0.2%, the Dow Jones Industrial Average fell -0.03%, and the NASDAQ dropped -0.7%.

European equities ended lower as caution over the prospect of higher-for-longer U.S. interest rates and profit-taking in technology stocks outweighed support from easing energy prices. Technology shares underperformed following weakness in global semiconductor stocks, while investors also monitored developments in geopolitical developments. The FTSE100 declined -0.2%, the DAX gained 0.2%, the CAC 40 fell -0.8%, and the EURO STOXX600 dropped -0.4%.

Asian markets ended mixed as investors reacted to continued pressure on regional semiconductor shares, while optimism over easing Middle East tensions and lower oil prices provided support to selected markets. Chinese equities benefited from improving domestic sentiment, Japan advanced, and South Korean stocks were weighed down by losses in major chipmakers. The SHCOMP gained 0.4%, the Nikkei225 rose 0.6%, and the KOSPI declined -2.0%.