Tadawul Review:

Tadawul All Share Index (TASI) fell on Wednesday, dropping ‎by 39 points (-0.3%) to close at 12,386. The index opened ‎negatively, down 9 points from the previous close, and ‎continued to decline until the end of the session. Overall, 12 ‎out of 21 sectors closed in the red zone, while 184 shares fell ‎and 52 rose. Materials (-1.0%), Real Estate (-1.2%), and ‎Utilities (-0.8%) sectors contributed the most to the index ‎fall. Stockwise, ACWA Power (-0.9%), Elm Co. (-2.4%), and ‎Jabal Omar (-2.1%) were the major contributors. The trading ‎activity witnessed a decrease in volume and value of -7% and ‎‎-12%, respectively, to reach 292mn shares and SAR5.6bn in ‎value traded.‎

 

 

 

Market Wrap International:

U.S. stocks mostly declined on Wednesday after a hotter-than-expected January inflation report. The S&P 500 slipped 0.3%, weighed down by a 2.69% drop in the Energy sector. The Dow Jones Industrial Average lost 0.5%, while the NASDAQ managed a slight gain of 0.03%.

European markets edged higher on Wednesday as investors assessed a stronger-than-expected U.S. inflation report. The FTSE 100 secured its third consecutive record close, buoyed by a 6% surge in Prudential shares after the company considered listing part of its ICICI Prudential Asset Management stake. The CAC 40 rose 0.2%, the DAX gained 0.5%, the Euro STOXX 600 advanced 0.1%, and the FTSE 100 edged up 0.3%.

Asian markets edged higher on Wednesday as investors assessed the impact of President Donald Trump’s latest tariff measures. The Hang Seng jumped 2.6%, the SHCOMP rose 0.9%, the Nikkei 225 advanced 0.4%, and the KOSPI gained 0.4%.