Tadawul Review:

Tadawul All Share Index (TASI) rose on Wednesday, ‎gaining 78 points (+0.7%) to close at 11,752. The index ‎opened slightly above its previous close and continued ‎to rise steadily throughout the session, closing at its ‎highest point by the end. Overall, 13 out of 21 sectors ‎closed in the green zone, and 133 shares rose while 114 ‎fell. Banks (+1.2%), Materials (+0.6%), and Utilities ‎‎(+1.0%) sectors contributed the most to the index rise. ‎Stockwise, Al Rajhi Bank (+0.9%), Saudi National Bank ‎‎(+2.3%), and ACWA Power (+1.0%) were the major ‎contributors. The trading activity witnessed a decrease ‎in volume and value of -23% and -8%, respectively, to ‎reach 198mn shares and SAR5.2bn in value traded.‎

 

 

Market Wrap International:

U.S. equities ended mixed as the Federal Reserve’s quarter-point rate cut was tempered by Chair Powell’s warning that further easing is not assured. Gains in technology and AI shares helped offset broader weakness as investors reassessed the outlook for monetary policy. The S&P 500 ended nearly flat, Dow Jones Industrial fell -0.2%, and Nasdaq Composite rose +0.5%.

European stocks slipped as the Fed’s cautious tone and mixed corporate results weighed on sentiment. Energy and financial names underperformed amid softer oil prices and falling yields, though London outperformed on strength in commodity stocks. The FTSE 100 climbed +0.6%, DAX declined -0.6%, CAC 40 decreased -0.2%, and EURO STOXX 600 fell -0.1%.

Asian markets advanced, led by Japan, as tech optimism and a weaker yen boosted exporters. Regional sentiment improved further on expectations of sustained U.S. policy support and incremental easing in China. The Shanghai Composite +0.7%, KOSPI +1.8%, and Nikkei 225 +2.2%, while Hong Kong markets remained closed.