Tadawul Review:

Tadawul All Share Index (TASI) rose on Thursday, ‎gaining 84 points (+0.78%) to close at 10,776.32. The ‎index opened 55 points above its previous close, but ‎before closing it faced selling pressure, yet remained in ‎the green zone. Overall, 18 out of 21 sectors closed in ‎the green zone, and 193 shares rose while 61 fell. Media ‎and Entertainment (+4.9%), Utilities (+2.9%), and Food ‎& Beverages (+2.7%) sectors contributed the most to ‎the index rise. Stockwise, Alrajhi (+1.8%), ACWA ‎Power (+4.1%), and Almarai (+3.3%) were the major ‎contributors to the index rise. The trading activity ‎witnessed an decrease in volume and value of -21% and ‎-20%, respectively, to reach 253mn shares and SAR ‎‎5.2bn in value traded.‎

 

Market Wrap International:

U.S. equities ended lower as rising oil prices and concerns about a weakening labor market weighed on investor sentiment, while volatility increased amid broader geopolitical tensions and inflation worries. Higher energy costs and uncertainty over the outlook for interest rates pressured risk appetite, with banking and travel shares also underperforming while energy stocks showed relative resilience. The S&P500 fell -1.3%, the Dow Jones declined -0.9%, and the NASDAQ dropped -1.6%.

European equities ended lower as escalating geopolitical tensions and higher energy prices dampened investor sentiment, prompting declines across cyclical sectors including banks, travel, and industrials. Investors also assessed the potential economic impact of sustained energy costs and broader market volatility, which kept risk appetite subdued across regional benchmarks. The FTSE 100 fell -1.2%, the DAX declined -0.9%, the CAC dropped -0.7%, and the EURO STOXX 600 slipped -1.0%.

Asian markets traded higher as investors selectively bought regional equities following recent global volatility, with gains led by Hong Kong and Japan while mainland Chinese and South Korean markets posted more modest advances. Market sentiment improved as traders assessed global macro signals and sector opportunities across export-oriented and technology shares. The Hang Seng gained 1.7%, the Nikkei 225 rose 0.6%, the SHCOMP advanced 0.4%, and the KOSPI increased 0.02%.