Tadawul Review:

Tadawul All Share Index (TASI) fell on Thursday, ‎dropping by 96 points (-0.8%) to close at 11,656. The ‎index opened slightly below its previous close and ‎experienced minor fluctuations. Between 1:15 and 1:25, ‎it fell 80 points and continued to decline until the ‎session ended. Overall, 9 out of 21 sectors closed in ‎the red zone, while 99 shares fell and 143 rose. Banks (-‎‎2.9%), Materials (-0.2%), and Real Estate (-0.1%) sectors ‎contributed the most to the index fall. Stockwise, Al ‎Rajhi Bank (-3.9%), Saudi National Bank (-2.5%), and ‎Alinma Bank (-2.1%) were the major contributors. The ‎trading activity witnessed an increase in volume and ‎value of 58% and 51%, respectively, to reach 314mn ‎shares and SAR7.9bn in value traded.‎

 

 

Market Wrap International:

U.S. equities advanced Friday, supported by strong large-cap tech earnings led by Amazon and improving risk appetite into month-end. Gains were moderated after Fed Chair Powell reiterated that future rate cuts remain data-dependent, tempering optimism despite solid corporate results and easing Treasury yields. The S&P 500 +0.3 %, Dow Jones +0.1 %, and NASDAQ +0.6 %.

European markets slipped as mixed earnings and October inflation readings near the ECB’s target limited expectations for additional policy easing. A firmer dollar and weakness in cyclical sectors offset support from select financials, leaving regional benchmarks lower. The FTSE 100 -0.4 %, DAX -0.7 %, CAC 40 -0.4 %, and EURO STOXX 600 -0.5 %.

Asian equities were mixed, with Japan outperforming on yen softness and strong tech momentum, while China and Hong Kong declined after official PMI data confirmed ongoing factory contraction. South Korea gained on robust chip export data. The Nikkei 225 +2.1 %, Shanghai Composite -0.8 %, Kospi +0.5 %, and Hang Seng -1.4 %.