Tadawul Review:

Tadawul All Share Index (TASI) rose on Thursday, ‎gaining 130 points (+1.2%) to close at 10,781. The ‎trading session opened 17 points above the previous ‎close but declined in the initial minutes before ‎rebounding and gradually increasing until the end of the ‎session. Overall, 19 out of 21 sectors closed in the green ‎zone, and 191 shares rose while 58 fell. Banks (+1.1%), ‎Energy (+1.5%), and Materials (+1.3%) sectors ‎contributed the most to the index rise. Stockwise, Al ‎Rajhi Bank (+2.3%), Aramco (+1.5%), and ACWA Power ‎‎(+1.7%) were the major contributors. The trading ‎activity witnessed an increase in volume and value of ‎‎159% and 253%, respectively, to reach 607mn shares and ‎SAR16.4bn in value traded.‎

 

 

Market Wrap International:

U.S. stocks extended gains after the Federal Reserve delivered its first rate cut of the year, lowering the federal funds rate by 25 basis points to 4.00%–4.25%. Optimism that more cuts could follow supported risk appetite, with technology names leading advances. The Nasdaq rose 0.7%, the S&P 500 climbed 0.5%, and the Dow Jones added 0.4%.  

European shares were subdued as weak growth signals and persistent inflation concerns kept investors cautious. The FTSE 100 and DAX each slipped 0.1%, the CAC was nearly flat at -0.01%, and the Euro Stoxx 600 fell 0.2%.

Asian markets mostly declined under pressure from China’s ongoing economic challenges and soft global demand. The SHCOMP dropped 0.3%, the Kospi lost 0.5%, and the Nikkei 225 slid 0.6%, while the Hang Seng ended flat.