Tadawul Review: ‎

Tadawul All Share Index (TASI) fell on Wednesday, ‎dropping 15 points (-0.14%) to close at 10,440.64. The ‎index opened 13 points above its previous close, but it ‎recovered some losses before the close; however, it still ‎ended in the red zone. Overall, 14 out of 21 sectors ‎closed in the red zone, and 79 shares rose while 177 ‎fell. Materials (-0.8%), Utilities (-0.6%), and Insurance (-‎‎0.9%) sectors contributed the most to the index decline. ‎Stockwise, Bahri (-3.3%), SNB (-0.4%), and ACWA ‎Power (-0.9%) were the major contributors to the index ‎decline. The trading activity witnessed a decrease in ‎volume of -7% to reach 190mn shares, while value ‎witnessed an increase of +16% to reach SAR 4.2bn in ‎value traded.‎

 

 

 

Market Wrap International:  

U.S. equities ended mixed as softer-than-expected inflation data initially eased expectations for another Federal Reserve rate hike, but stronger economic data kept Treasury yields elevated and limited broader gains. The revised second-quarter GDP growth and resilient labor-market data reinforced concerns that interest rates could remain higher for longer, while technology shares remained supported by the ongoing AI investment theme. The S&P 500 declined -0.3%, the Dow Jones Industrial Average fell -0.9%, while the NASDAQ gained 0.2%.

European equities ended lower as elevated bond yields and higher oil prices continued to weigh on risk appetite, with investors also assessing the implications of stronger German inflation and a more cautious interest-rate outlook. Energy shares remained relatively resilient, while banks, industrials and insurers faced broader pressure; the UK market was additionally affected by weakness in heavyweight banks and pharmaceutical stocks. The FTSE 100 declined -0.3%, the DAX fell -0.8%, the CAC 40 dropped -0.9%, and the EURO STOXX 600 declined -0.5%.

Asian markets are trading mixed as investors balance softer U.S. inflation and reduced expectations for an October Federal Reserve rate hike against elevated bond yields, higher oil prices. Japanese technology and semiconductor shares supported the Nikkei, while broader regional sentiment remained more cautious despite strong AI-related demand and Micron’s earnings; currency movements and higher Japanese bond yields also remained in focus. The SHCOMP gained 0.3%, the Hang Seng rose 0.4%, the KOSPI declined -0.5%, and the Nikkei 225 advanced 1.9%.