Tadawul Review:

Tadawul All Share Index (TASI) rose on Wednesday, ‎gaining 8 points (+0.1%) to close at the 11,130 level. ‎TASI started the session positively, opening with an 8 ‎point rise, but then gradually declined throughout the ‎session before rising again near the close to end in the ‎green zone. In general, 10 out of 21 sectors closed in the ‎green zone, and 103 shares rose while 140 fell. Materials ‎‎(+0.8%), Energy (+0.7%), and Food and beverages (+0.5%) ‎sectors contributed the most to the index rise. ‎Stockwise, Aramco (+0.8%), Bank AlBilad (+3.4%), and ‎Maaden (+1.7%) were the major contributors. The ‎trading activity witnessed an increase in volume by 13% ‎to reach 330mn shares, while the value decreased by -3% ‎to reach SAR5.4bn in value traded.‎

 

Market Wrap International:

The S&P 500 climbed on Wednesday after President Trump announced a new trade deal with Vietnam, giving markets a boost. However, gains were tempered by a surprise drop in private payrolls for June, sparking fresh concerns about the health of the U.S. economy. Leading sectors included Energy (+1.70%), Materials (+1.33%), and Information Technology (+1.30%). The Dow Jones Industrial Average dropped by -0.02%, while the S&P 500 and Nasdaq both experienced gains of 0.5% and 0.9%, respectively.

European shares closed higher, supported by gains in renewable energy stocks after the U.S. budget bill cleared a key vote. Investors also kept a close eye on potential trade developments ahead of President Trump’s July 9 tariff deadline. The FTSE 100 fell by -0.1%, whereas the CAC 40 gained by 1.0%, the DAX saw an increase of 0.5%, and the Euro STOXX 600 advanced by 0.2%.

Asian markets saw choppy trading as concerns over trade tensions resurfaced after President Trump ruled out delaying next week’s tariff deadline. Sentiment was further shaped by mixed reactions to recent remarks from Fed Chair Jerome Powell. The Hang Seng saw a rise of 0.6%, whereas the KOSPI decreased by -0.5%, the NIKKEI 225 fell by -0.6%, and the SHCOMP dropped by -0.1%.