Tadawul Review:

Tadawul All Share Index (TASI) rose on Wednesday, gaining 19 points (0.2%) to close at 12,439 level. The index started the day strong, with a 59.17-point increase compared to the previous close, but quickly experienced a sharp drop. Then, the market began to recover, showing a steady upward trend. In general, 5 out of 21 sectors ‎closed in the ‎green zone, and 58 shares rose while 174 fell. Banks ‎‎(+1.7%), Telecommunication (+0.3%), and Media (+0.4%) ‎sectors contributed the ‎most to the index rise. Stockwise, ‎ Al Rajhi Bank ‎‎(+4.7%), Alinma Bank (+1.8%), and Saudi Telecom (+1.0%) ‎were the major contributors. The trading activity witnessed a decrease in volume and value of -8% and -2% respectively, to reach 327mn shares and SAR8.8bn in value traded.

 

 

 

Market Wrap International:

U.S. stock indexes edged lower on Wednesday as investors shifted focus to the Fed’s policy update, following two turbulent sessions driven by concerns over the AI sector’s momentum. The Dow Jones Industrial Average decreased by -0.3%, the S&P 500 fell by -0.5%, and the NASDAQ declined by -0.5%.

European markets closed higher, supported by investor attention on a fresh round of corporate earnings. The FTSE 100 rose by 0.3%, the DAX gained by 1.0%, and the Euro STOXX 600 rose by 0.5%, while the CAC 40 edged lower by -0.3%.

In light Lunar New Year trading, Asian stocks advanced on Wednesday, tracking Wall Street’s tech-driven rebound as concerns over DeepSeek continued to ease. The NIKKEI 225 gained by 1.0%, and the TOPIX rose by 0.7%.