Tadawul All Share Index (TASI) rose on Wednesday, gaining 13 points (+0.1%) to close at 11,341. The index opened slightly above its previous close, climbed until mid-session, and then declined until the end, but still closed in the green. In general, 7 out of 21 sectors closed in the green zone, and 84 shares rose while 168 fell. Materials (+1.1%), Banks (+0.2%), and Utilities (+0.8%) sectors contributed the most to the index rise. Stockwise, Maaden (+2.2%), ACWA Power (+1.4%), and Alinma Bank (+1.4%) were the major contributors. The trading activity witnessed a decrease in volume of -0.4% to reach 219mn shares, while the value rose by 2% to reach SAR5.2bn in value traded.
Market Wrap International:
U.S. equities ended lower as renewed weakness in major technology and growth stocks dragged on benchmark performance despite pockets of strength elsewhere; broad downside in software and chip sectors pressured market sentiment. The S&P 500 declined -0.5%, the Dow Jones advanced 0.5%, and the NASDAQ fell -1.5% as tech heavyweights saw sustained selling that outweighed gains in some value and defensive areas.
European equities ended mixed with modest gains in selective markets offset by softness in others, as investors balanced global tech-led weakness with regional sector support; consumer and telecom names provided limited resilience amid a broader risk-off mood. The FTSE 100 rose 0.9%, the DAX eased -0.7%, the CAC gained 1.01%, and the EURO STOXX 600 inched up 0.03%, reflecting narrow participation and mixed sector flows across the region.
Asian markets are trading with divergent performance as regional equities show resilience in export-linked and cyclical segments while Japan’s benchmark retreats amid risk aversion; investors are selectively buying in China and South Korea after recent volatility. The SHCOMP climbed 0.8%, the KOSPI gained 1.6%, the NIKKEI 225 declined -0.8%, and the Hang Seng rose 0.05% as broader risk sentiment remains mixed following Wall Street’s retreat led by tech stocks.