Tadawul Review:

Tadawul All Share Index (TASI) closed flat on Wednesday, ‎edging up by just 0.49 points (0.00%) to finish at 11,005. The ‎market opened positively, surging early in the session to ‎touch an intraday high of 11,165 points, its highest level of ‎the day. However, selling pressure emerged late morning and ‎persisted through early afternoon, dragging the index steadily ‎downward. Despite a mild recovery in the final hour, the ‎index closed near session lows, ending a volatile trading day ‎with no major gains or losses. up most early gains. Overall, 12 ‎out of 21 sectors closed in the green zone, while 149 shares ‎rose and 89 fell. Banks (+0.4%), Materials (+1%), and Real ‎Estate (+1.4%) sectors contributed the most to the index ‎rise. Stockwise, Saudi National Bank (2.2%), Maaden (3.2%), ‎and Aramco (0.5%) were the major contributors. The trading ‎activity witnessed an increase in volume and value of +34% ‎and +21.9%, respectively, to reach 246mn shares and SAR ‎‎5.6bn in value traded.‎

 

Market Wrap International:

US stocks ended lower on Wednesday as investors took a breather from the recent rally, digesting a preliminary U.S.-China trade agreement and softer-than-expected inflation data. Major indexes hovered near prior closing levels, with notable declines in Technology Hardware & Equipment (-1.62%), Consumer Discretionary (-1.02%), and Materials (-0.98%). The Nasdaq fell by -0.5%, the S&P 500 dropped by -0.3%, and the Dow Jones Industrial Average was nearly unchanged.

European shares gave up early gains to close in the red, as the highly anticipated U.S.-China trade talks wrapped up with little substance, leaving investors disappointed despite talk of high-level agreements. The CAC 40 dropped by -0.4%, the DAX fell by -0.2%, the Euro STOXX 600 slipped by -0.3%, while the FTSE 100 advanced by 0.1%.

Asian shares rose, boosted by optimism after the U.S. and China announced they had agreed on a framework to build on last month’s trade truce in Geneva. The positive tone in trade discussions helped lift sentiment across the region. The Nikkei 225 experienced an increase of 0.5%, the KOSPI recorded a gain of 1.2%, the SHCOMP noted a 0.5% rise, and the Hang Seng index registered a 0.8% uptick.