Tadawul All Share Index (TASI) rose on Wednesday, gaining 164 points (+1.6%) to close at 10,455. The index opened 213 points above its previous close, dropped more than 150 points in the first hour, but gradually recovered over the rest of the session. In general, 21 out of 21 sectors closed in the green zone, and 212 shares rose while 49 fell. Banks (+3.3%), Energy (+0.5%), and Utilities (+1.1%) sectors contributed the most to the index rise. Stockwise, Al Rajhi Bank (+3.4%), Saudi National Bank (+5.9%), and Aramco (+0.6%) were the major contributors. The trading activity witnessed an increase in volume and value of 46% and 68%, respectively, to reach 280mn shares and SAR6.0bn in value traded.
Market Wrap International:
U.S. equities ended lower as Wall Street pulled back from recent strength with mixed sector performance; technology names showed some resilience while financials and materials lagged amid profit-taking and macro caution. The S&P 500 declined -0.3%, the Dow Jones Industrial Average fell -0.9%, and the NASDAQ Composite advanced +0.2%, reflecting the broader market’s uneven sentiment following fresh economic commentary and evolving rate expectations. These moves came as traders weighed mixed economic signals and awaited key jobs data later this week.
European equities ended generally weaker as investor optimism was tempered by global growth concerns and profit-taking after recent gains in continental markets. London’s FTSE 100 dropped -0.7%, Germany’s DAX gained +0.9%, France’s CAC 40 edged down -0.04%, and the EURO STOXX 600 eased -0.05% in a mixed session with defensive sectors outperforming cyclicals. The divergent moves underscore selective buying in Germany and profit discipline elsewhere amid cautious risk sentiment. Current European index moves align with broadly mixed trading seen across global markets.
Asian markets are trading with mixed results following Wall Street’s uneven close, with exporters and tech names under pressure in Japan while Korea and mainland China showed modest strength. Japan’s Nikkei 225 slipped -1.1%, South Korea’s KOSPI rose +0.6%, China’s SHCOMP edged up +0.1%, and Hong Kong’s Hang Seng declined -0.9%, reflecting local market responses to global cues and investor positioning ahead of regional economic data. These moves in Asia broadly mirror mixed sentiment and rotation across sectors.