Tadawul Review:

Tadawul All Share Index (TASI) fell on Wednesday, ‎decreasing by 209 points (-1.7%) to close at the 12,044 level. ‎TASI started the session negatively, opening with a decline of ‎‎108 points and continuing to decrease gradually until the end ‎of the session. Overall, 21 out of 21 sectors closed in the red ‎zone, while 226 shares fell and 10 rose. Banks (-2.5%), ‎Materials (-1.2%), and Real Estate (-2.1%) sectors ‎contributed the most to the index fall. Stockwise, Al Rajhi ‎Bank (-2.9%), Saudi National Bank (-2.3%), and Alinma Bank ‎‎(-2.4%) were the major contributors. The trading activity ‎witnessed an increase in volume and value of 52% and 26%, ‎respectively, to reach 1.0bn shares and SAR8.1bn in value ‎traded.

 

 

Market Wrap International: 

Despite rising tensions in the Middle East and a 3% increase in oil prices, stocks remained stable on Wednesday as investors held their ground. Safe-haven assets like government bonds and the dollar saw increased demand. The Dow Jones Industrial Average and Nasdaq Composite both gained 0.1%, while the S&P 500 inched up 0.01%.

On Wednesday, European equities rose, driven by advances in oil and defense industries, bucking a downturn in Wall Street and Asia following Iran's missile strike on Israel, which increased concerns about a wider regional confrontation. The DAX fell by -0.3%, the FTSE 100 rose by 0.2%, and the CAC 40 increased by 0.1%.

Amid growing tensions in the Middle East, Hong Kong shares surged on Wednesday while other Asian markets declined. Asian markets saw a range of results, with the Hang Seng rising by 6.2%, the NIKKEI 225 falling by -2.2%, and the KOSPI falling by -1.2%.