Tadawul Review:

Tadawul All Share Index (TASI) rose on Wednesday, up by ‎‎+53 points (+0.4%) to close at 11,850 levels. TASI began the ‎session positively, opening with a 13-point rise, and continued ‎to rise gradually until the end of the session. Overall, 18 out ‎of 21 sectors closed in the green zone, and 186 shares rose ‎while 39 fell. Insurance (+2.8%), Health care equipment and ‎services (+2.5%), and Media (+4.4%) sectors contributed the ‎most to the index rise. Stockwise, Sulaiman Al Hbib (+2.5%), ‎Saudi Research (+5.7%), and Elm Co. (+3.8%) were the major ‎contributors. The trading activity witnessed an increase in ‎volume and value of 24% and 25%, respectively, to reach ‎‎260mn shares and SAR6.9bn in value traded.‎

 

 

 

Market Wrap International: 

Stock futures edged up on Wednesday as Wall Street aims to maintain its solid start to the week. The S&P 500 climbed by 0.4%, and the Dow Jones Industrial Average increased by 0.6%.

European shares started the day with gains on Wednesday, driven by anticipation of crucial economic data from both the US and the eurozone. Additionally, favorable corporate news boosted investor enthusiasm. The CAC 40 rose by 0.8%, the DAX advanced by 0.4%, and the FTSE 100 edged up by 0.6%, indicating a positive trend across European markets.

 

Asian stock markets are mostly up on Wednesday, reflecting the positive trend from Wall Street the previous day. This boost comes after U.S. producer prices rose less than expected, fueling speculation that the Federal Reserve might reduce interest rates by 50 basis points in September. Asian market performances, the NIKKEI 225 saw an increase of 0.6%, the Shanghai Composite experienced a decline of -0.6%, while the KOSPI rose by 0.9%.