Tadawul Review:

Tadawul All Share Index (TASI) rose on Wednesday, gaining ‎‎+51 points (+0.4%) to close at 11,730 levels. TASI began the ‎session positively, opening with a 75-point rise, and then ‎fluctuated throughout the session until the end. In general, 15 ‎out of 21 sectors closed in the green zone, and 169 shares ‎rose while 62 fell. Energy (+2.0%), Materials (+0.9%), and ‎Real Estate (+1.0%) sectors contributed the most to the ‎index rise. Stockwise, Aramco (+2.0%), Arab National Bank ‎‎(+2.3%), and Dar Al Arkan (+3.4%) were the major ‎contributors. The trading activity witnessed a decline in ‎volume and value of -23% and -23%, respectively, to reach ‎‎311 shares and SAR6.9bn in value traded.‎

 

 

 

Market Wrap International: 

U.S. stock index futures increased on Wednesday, extending the recent recovery on Wall Street, though overall sentiment is still delicate. Futures were elevated following remarks from a high-ranking Bank of Japan official, who minimized expectations of an imminent interest rate hike amidst ongoing market volatility. The S&P 500 decreased by -0.8%, the Nasdaq Composite fell by -1.1%, and the Dow Jones Industrial Average declined by -0.6%.

European stocks rose on Wednesday as global markets aimed to recover from the sharp declines experienced on Monday. The FTSE 100 and DAX indices both experienced increases of 1.8% and 1.5%, respectively, reflecting positive market performance, while the CAC 40 index saw a larger gain of 1.9%.

Asian markets posted notable gains on Wednesday, with Japanese shares rebounding from earlier declines after a central bank official’s remarks reduced concerns about an imminent interest rate hike. Despite this, indices experienced modest pullbacks, with the Hang Seng increasing by 1.4%, the NIKKEI 225 advanced by 2.5%, and the KOSPI rose by 1.8%.