Tadawul Review:

Tadawul All Share Index (TASI) rose on Thursday after ‎eight consecutive sessions of decline, gaining 37 points ‎‎(+0.3%) to close at 10,656. The index opened slightly ‎above its previous close, then experienced fluctuations ‎during the session before closing in the green zone. In ‎general, 12 out of 21 sectors closed in the green zone, ‎and 123 shares rose while 117 fell. Banks (+0.9%), ‎Utilities (+0.8%), and Health care equipment and ‎services (+0.9%) sectors contributed the most to the ‎index rise. Stockwise, Al Rajhi Bank (+1.7%), ACWA ‎Power (+1.2%), and Maaden (+1.1%) were the major ‎contributors. The trading activity witnessed a decrease ‎in volume and value of -9% and -3%, respectively, to ‎reach 153mn shares and SAR3.2bn in value traded.‎

 

 

Market Wrap International:

U.S. stocks ended lower on Friday as a sharply weaker jobs report fueled concerns about the economy while cementing expectations of a Federal Reserve rate cut this month. The S&P500 fell -0.3%, Dow Jones -0.5%, and Nasdaq -0.03%. While the S&P500 gained +0.3% and the Nasdaq +1.1%, while the Dow slipped -0.3%.

European equities mirrored Wall Street’s cautious tone, with exporters under pressure and investors balancing global demand risks against the prospect of lower rates. The FTSE 100 closed -0.1%, DAX -0.7%, CAC -0.3%, and the Euro STOXX 600 -0.2%.

In Asia, sentiment was far stronger, buoyed by hopes of stimulus in China and upbeat data from Japan. The SHCOMP jumped +1.2%, Kospi +0.1%, Nikkei 225 +1.0%, and Hang Seng +1.4%, marking one of the region’s strongest weekly showings in recent months.