Tadawul All Share Index (TASI) rose on Wednesday, gaining 26 points (+0.23%) to close at 11,275.90. The index opened 38 points above its previous close, but before closing it faced selling pressure, yet remained in the green zone. Overall, 15 out of 21 sectors closed in the green zone, and 163 shares rose while 84 fell. Energy (+0.6%), Real Estate Management & Development (+1.2%), and Banks (+0.1%) sectors contributed the most to the index rise. Stockwise, Saudi Aramco (+0.6%), SNB (+1.2%), and Sabic AGRI-Nutrients (+2.5%) were the major contributors to the index rise. The trading activity witnessed a decrease in volume and value of -11% and -9%, respectively, to reach 325mn shares and SAR 6.6bn in value traded.
Market Wrap International:
U.S. equities ended higher as easing concerns around Middle East tensions and stabilizing Treasury yield expectations supported a rebound in risk sentiment, with investors rotating back into technology and growth stocks after recent volatility. Comments from Federal Reserve officials indicating a steady policy stance helped anchor expectations, while gains in large-cap tech and communication services lifted broader indices. The NASDAQ rose 1.2%, the S&P 500 gained 0.7%, and the Dow Jones Industrial Average advanced 0.5%.
European equities ended higher, tracking the improved global tone and supported by broad-based sector strength, particularly in industrials, financials, and cyclicals, as investors responded to firmer risk appetite and easing pressure from energy markets. The move reflected a catch-up to Wall Street’s gains alongside resilient regional sentiment despite ongoing macro uncertainty. The FTSE 100 gained 1.9%, the DAX advanced 2.7%, the CAC 40 rose 2.1%, and the EURO STOXX 600 increased 2.5%.
Asian markets are trading higher, with strong gains led by South Korea and Japan as improved global sentiment and continued support for technology and export-oriented sectors boosted regional equities. Optimism around external demand and stabilization in global conditions supported a broad-based advance across major markets. The KOSPI surged 8.4%, the Nikkei 225 advanced 5.2%, the Hang Seng gained 2.0%, and China’s SHCOMP rose 1.5%.