Tadawul Review:

Tadawul All Share Index (TASI) rose on Wednesday, ‎gaining 74 points (+0.7%) to close at 10,700. The index ‎opened 12 points below its previous close, then ‎gradually climbed to close at its highest point of the ‎session. In general, 16 out of 21 sectors closed in the ‎green zone, and 161 shares rose while 87 fell. Banks ‎‎(+1.4%), Real Estate (+0.7%), and Consumer Services ‎‎(+2.2%) sectors contributed the most to the index rise. ‎Stockwise, Al Rajhi Bank (+2.1%), Riyad Bank (+1.5%), ‎and Alinma Bank (+1.4%) were the major contributors. ‎The trading activity witnessed an increase in volume ‎and value of 8% and 18%, respectively, to reach 174mn ‎shares and SAR4.0bn in value traded.‎

 

 

 

Market Wrap International:

U.S. equities ended under modest pressure as earnings volatility ‎and still-elevated Treasury yields kept investors cautious ahead of ‎the Federal Reserve meeting; a sharp drop in JPMorgan shares ‎weighed on the blue-chip gauge, while technology and industrials ‎showed mixed strength. Investors pared risk ahead of the Fed’s ‎policy signal and data that left rate-cut odds elevated but not ‎certain, prompting rotation into banks and select cyclicals. The ‎NASDAQ edged up 0.1%, the S&P 500 slipped -0.1%, and the ‎Dow Jones Industrial Average fell -0.4%.‎

European equities ended with a mixed tone as gains in financials ‎and defence stocks offset weakness elsewhere while markets ‎tracked U.S. caution ahead of the Fed; local drivers included ‎rating upgrades that helped asset managers and news of ‎increased German defence procurement that lifted defence-‎related names. The FTSE 100 slightly down by -0.03%, ‎Germany’s DAX rose 0.5%, France’s CAC 40 fell      -0.7%, and ‎the EURO STOXX 600 fell by -0.1%.‎

 

Asian markets are trading mostly lower as global rate ‎expectations and soft regional sentiment weigh on tech and ‎export-linked shares; uncertainty in China and currency ‎pressures also weighed. The Nikkei 225 is up 0.1%, Hong Kong’s ‎Hang Seng is down -1.3%, China’s SHCOMP is off -0.4%, and ‎South Korea’s KOSPI is down -0.3%.‎