Tadawul Review:

Tadawul All Share Index (TASI) fell on Wednesday, ‎dropping 14 points (-0.12%) to close at 11,002.04. The ‎index opened 8 points above its previous close, but it ‎recovered some losses before the close; however, it still ‎ended in the red zone. Overall, 15 out of 21 sectors ‎closed in the red zone, and 95 shares rose while 150 ‎fell. Banks (-0.3%), Energy (-0.4%), and Materials (-0.6%) ‎sectors contributed the most to the index decline. ‎Stockwise, Saudi Aramco (-0.4%), BSF (-2.9%), and RIBL ‎‎(-1.3%) were the major contributors to the index ‎decline. The trading activity witnessed a decrease in ‎volume and value of -23% and -23%, respectively, to ‎reach 229mn shares and SAR 4.4bn in value traded.‎

 

 

Market Wrap International:

U.S. equities ended lower as renewed Middle East tensions, ‎higher oil prices, and rising Treasury yields prompted investors ‎to reduce exposure to technology and other growth-oriented ‎sectors after a prolonged rally. Large-cap technology shares came ‎under pressure, while energy stocks outperformed as crude ‎prices advanced on supply concerns. Investors also continued to ‎assess the implications of stronger economic data and the ‎potential impact on the Federal Reserve’s policy outlook. The ‎S&P 500 fell -0.7%, the Dow Jones Industrial Average declined -‎‎1.2%, and the NASDAQ dropped -0.9%. ‎

European equities ended lower as concerns over Middle East ‎tensions, higher energy prices, and stress within parts of the ‎private-market sector weighed on risk appetite. Financial and ‎industrial shares led declines, while selective gains in retail stocks ‎provided only limited support. Investors also remained focused ‎on the inflation outlook and expectations for further European ‎Central Bank tightening. The FTSE 100 fell -0.4%, the DAX ‎declined -1.3%, the CAC 40 dropped -0.7%, and the EURO ‎STOXX 600 fell -0.7%. ‎

Asian markets ended mixed as investors balanced ongoing ‎geopolitical uncertainty and higher energy prices against selective ‎buying in Japan and mainland China. Japanese equities were ‎supported by strength in exporters and cyclical sectors, while ‎Hong Kong shares remained under pressure from weaker risk ‎sentiment and technology-related selling. The Nikkei 225 rose ‎‎2.5%, the SHCOMP increased 0.2%, the KOSPI closed, and the ‎Hang Seng fell -1.6%. ‎