Tadawul Review:

Tadawul All Share Index (TASI) fell on Wednesday, dropping ‎by -66 points (-0.6%) to close at 10,808. TASI opened 8 points ‎above the previous close but gradually declined through the ‎session until the close. Overall, 14 out of 21 sectors closed in ‎the red zone, while 154 shares fell and 93 rose. Banks (-1.5%), ‎Real Estate (-1.3%), and Telecommunications (-0.7%) sectors ‎contributed the most to the index fall. Stockwise, Saudi ‎National Bank (-2.8%), Al Rajhi Bank (-1.0%), and Riyad Bank (-‎‎3.0%) were the major contributors. The trading activity ‎witnessed a decrease in volume and value of -48% and -45%, ‎respectively, to reach 198mn shares and SAR3.9bn in value ‎traded.‎

 

 

Market Wrap International:

U.S. stocks edged higher as investors positioned cautiously ahead of Nvidia’s earnings, which later revealed strong results but lingering concerns over data-center sales and China exposure. Gains in energy (+4.6%), consumer non-durables (+3.1%), and finance (+2.5%) supported the market, while technology-linked areas underperformed on valuation worries. By the close, the S&P 500 rose (%0.2+), Dow Jones (%0.3+), and Nasdaq (%0.2+).

European markets were mixed, with the FTSE 100 (%0.1-) stabilizing after political jitters over central bank autonomy, the DAX (%0.4-) weighed by weakness in financials, while the CAC (%0.4+) advanced. The Euro STOXX 600 ended marginally higher (%0.1+).

Asian equities saw sharper moves as Nvidia’s results and U.S.–China tensions pressured sentiment. The Shanghai Composite fell (%1.8-), Hang Seng (%1.3-), while the Nikkei 225 (%0.3+) and Kospi (%0.2+) managed modest gains.