Tadawul Review:

Tadawul All Share Index (TASI) fell on Wednesday, ‎losing ‎‎51 points (-0.5%) to close at 10,635. The index ‎opened ‎‎19 points below its previous close, then ‎gradually declined, and it reduced most of its loss to ‎close ‎in the red territory. Overall, 17 out of 21 sectors ‎closed in ‎the red zone, and 156 shares fell while 90 ‎rose. Banks (-‎‎0.6%), Real Estate (-2.7%), and Food & ‎beverages (-1.4%) sectors ‎contributed the most to the ‎index fall. Stockwise, Al ‎Rajhi Bank (-1.1%), Umm Al ‎Qura for Development & Construction (-9.1%), and ‎Almarai ‎‎(-2.1%) were the major contributors. The ‎trading ‎activity witnessed an increased in volume and ‎value of 50% and 37%, respectively, to reach 276mn ‎shares ‎and SAR 5.5 bn in value traded.‎

 

 

Market Wrap International:

U.S. equities strengthened as renewed expectations for a potential Federal Reserve rate cut supported risk appetite, with softer U.S. data keeping Treasury yields contained and reinforcing the market’s dovish bias. Technology and AI-linked shares helped lead the advance, while steady Fed communication provided a stable policy backdrop throughout the session. The S&P 500 rose 0.7%, the Dow gained 0.7%, and the Nasdaq added 0.8%.

European markets moved higher in tandem with the global risk tone, supported by easing-rate expectations and broad-based strength across cyclicals and technology. With limited regional data to alter the outlook, investors continued to respond to the improved macro backdrop and firm external cues from U.S. markets. The FTSE 100 rose 0.9%, the DAX gained 1.1%, the CAC advanced 0.9%, and the Euro Stoxx 600 climbed 1.1%.

Asian equities finished mixed but overall firmer, reflecting the constructive global environment even as China-related growth concerns tempered participation. Korea and Japan outperformed on robust demand for technology and semiconductor names, while mainland China lagged amid ongoing domestic uncertainty. The SHCOMP slipped -0.2%, the Kospi surged 2.7%, the Nikkei 225 rose 1.8%, and the Hang Seng added 0.1%.