Tadawul Review:

Tadawul All Share Index (TASI) fell on Thursday, dropping by ‎‎8 points (-0.1%) to close at 12,354. The index opened 6 ‎points higher than its previous close, then gradually declined ‎until the end of the session. Overall, 10 out of 21 sectors ‎closed in the red zone, while 114 shares fell and 112 rose. ‎Banks (-0.9%), Real Estate (-0.4%), and Capital goods (-1.1%) ‎sectors contributed the most to the index fall. Stockwise, Al ‎Rajhi Bank (-1.2%), Saudi National Bank (-1.2%), and Bank ‎AlBilad (-2.0%) were the major contributors. The trading ‎activity witnessed a decrease in volume and value of -27% ‎and -13% respectively, to reach 252mn shares and SAR6.6bn ‎in value traded.‎

 

 

 

Market Wrap International:

U.S. benchmark index S&P 500 edged lower on Friday after hitting a record on Thursday, marking its second straight weekly gain amid hopes of February rate cuts and diminished tariff risks. The Dow Jones Industrial fell by -0.3%, the S&P 500 dropped by -0.3%, and the NASDAQ dropped by -0.5%.

European stock markets continued their winning streak after President Trump’s speech in Davos, with banking stocks leading the gains, though energy stocks lagged. The CAC 40 increased by 0.4%, while the DAX fell -0.1%, the Euro STOXX 600 dropped -0.1%, and the FTSE 100 slipped by -0.7%.

 

Asian stocks wrapped up Friday trading with a mixed performance, inspired by Wall Street’s overnight rally. The optimism stemmed from expectations of rate cuts by key central banks after President Trump pledged to “demand that interest rates drop immediately” to support economic growth. Key indices such as the SHCOMP gained 0.7%, and the Hang Seng rose by 1.9%. In contrast, the TOPIX fell by -0.03%, and the NIKKEI 225 dropped by -0.1%.