Tadawul Review:

Tadawul All Share Index (TASI) rose on Wednesday, ‎gaining 132 points (+1.3%) to close at 10,650. The ‎trading session opened 15 points above the previous ‎close and continued to gradually increase until the end ‎of the session. Overall, 21 out of 21 sectors closed in the ‎green zone, and 205 shares rose while 43 fell. Energy ‎‎(+3.2%), Banks (+0.6%), and Utilities (+2.8%) sectors ‎contributed the most to the index rise. Stockwise, ‎Aramco (+3.2%), ACWA Power (+3.6%), and Al Rajhi ‎Bank (+0.7%) were the major contributors. The trading ‎activity witnessed a decrease in volume of -3.5% to reach ‎‎234mn shares, while the value rose by 7.5% to reach ‎SAR4.6bn in value traded.‎

 

 

Market Wrap International:

U.S. equities ended mixed as investors digested the Fed’s 25 basis point rate cut alongside Chair Powell’s warning that future moves will be data-dependent. The cautious tone, combined with lingering inflation pressures and signs of labor market weakness, tempered optimism. Tech stocks retreated, led by Nvidia, while value and cyclical names outperformed, leaving the Dow Jones up 0.6%, the S&P 500 down -0.1%, and the Nasdaq off -0.3%.

European markets traded narrowly as investors balanced the Fed’s easing with regional headwinds. Higher energy costs and growth worries limited gains, underscoring fragile confidence in the recovery. The FTSE 100 and DAX edged up 0.1%, while the CAC dropped -0.4% and the Euro Stoxx 600 closed at -0.03%.

In Asia, sentiment split. The Hang Seng rallied 1.8% and the SHCOMP rose 0.4% as expectations of further Chinese policy support drew fresh inflows. By contrast, the Kospi fell -1.0% on weakness in chipmakers, and the Nikkei 225 slipped -0.2% as investors remained cautious on global demand.