Tadawul Review:

Tadawul All Share Index (TASI) rose on Wednesday, ‎increasing by 264 points (2.3%) to close at 11,970. TASI ‎started the session on a positive note, opening 22 points ‎higher than the previous close, and continued to steadily ‎rise until the end of the session. Overall, 21 out of 21 ‎sectors closed in the green zone, while 239 shares rose and ‎‎14 fell. Banks (3.1%), Materials (1.3%), and Energy (2.1%) ‎sectors contributed the most to the index raise. Stockwise, ‎Al Rajhi Bank (3.0%), Aramco (2.1%), and ACWA Power ‎‎(3.1%) were the major contributors. The trading activity ‎witnessed an increase in volume and value of 9.8% and 13%, ‎respectively, to reach 290mn shares and SAR6.2bn in value ‎traded.

 

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Market Wrap International:

Wall Street’s three-day winning streak ended on Wednesday as major stock benchmarks fell, led by a sharp decline in big tech. Renewed concerns over trade tensions and inflation dampened risk appetite, with the S&P 500’s Semiconductors & Semiconductor Equipment (-4.61%), Information Technology (-2.46%), and Communication Services (-2.04%) sectors leading losses. The S&P 500 fell by       -1.1%, the Nasdaq decreased by -2.0%, and the Dow Jones Industrial Average declined by -0.3%.

European stocks closed lower on Wednesday, dragged down by auto sector losses ahead of a looming U.S. tariff announcement. The CAC 40 slipped -1.0%, the Euro STOXX 600 edged down -0.7%, the FTSE 100 rose by 0.3%, and the DAX lost -1.2%.

Asian markets rose on Wednesday, rebounding from a quiet Wall Street session, as investors remained hopeful that Trump’s tariffs would be less severe than initially expected. The Hang Seng rose 0.6%, the Nikkei 225 gained 0.7%, and the KOSPI finished higher by 1.1%. In contrast, the SHCOMP declined by -0.04%.