Tadawul All Share Index (TASI) rose on Wednesday, gaining 36 points (+0.3%) to close at 10,948. The index opened 12 points below its previous close but trended higher throughout the session until closed. In general, 17 out of 21 sectors closed in the green zone, and 185 shares rose while 71 fell. Insurance (+8.0%), Real Estate (+1.6%), and Health care equipment and services (+1.2%) sectors contributed the most to the index rise. Stockwise, Tawuniya (+10.0%), Sabic (+2.5%), and Bupa Arabia (+10.0%) were the major contributors. The trading activity witnessed an increase in volume and value of 21% and 18%, respectively, to reach 235mn shares and SAR4.7bn in value traded.
Market Wrap International:
U.S. equities ended higher as investor sentiment improved markedly after news that tariff threats against Europe related to Greenland were averted and a framework for cooperation was announced, lifting risk assets and easing recent geopolitical jitters; strong earnings from regional banks also supported gains while tech shares participated in the broad rally. S&P500 rose 1.2%, Dow Jones rose 1.2%, and NASDAQ rose 1.2%, with breadth improving across sectors as risk appetite returned.
European equities ended mixed as markets responded to the easing of tariff concerns stemming from U.S.–Europe tensions, which helped underwrite sentiment after earlier volatility; European futures and individual markets showed modest gains while some regional pressures lingered amid cautious positioning ahead of key data. In the context of this backdrop, FTSE 100 rose 0.1%, DAX declined -0.6%, CAC 40 rose 0.1%, and EURO STOXX 600 edged -0.02%, reflecting a patchwork performance influenced by global risk flow and domestic earnings and economic cues.
Asian markets are trading with mixed-to-positive tone as relief in global risk sentiment following the easing of U.S.–Europe tariff threats lifted regional equities today, though performance varies by market with export and tech names influencing flows. SHCOMP rose 0.08%, KOSPI rose 0.5%, NIKKEI 225 declined -0.4%, and Hang Seng rose 0.4%, as regional markets respond to the global sentiment shift and ongoing macro considerations.