Tadawul Review:

Tadawul All Share Index (TASI) fell on Thursday, dropping 135 points (-1.20%) to close at 11,109.59. The index opened 1 point below its previous close, but it recovered some losses before the close; however, it still ended in the red zone. Overall, 20 out of 21 sectors closed in the red zone, and 45 shares rose while 212 fell. Banks (-2.0%), Materials (-1.8%), and Capital Goods (-2.3%) sectors contributed the most to the index decline. Stockwise, Alrajhi (-2.2%), SNB (-1.8%), and Sabic AGRI-Nutrients (-5.1%) were the major contributors to the index decline. The trading activity witnessed an increase in volume ‎and value of +18% and +21%, respectively, to ‎reach 331mn ‎shares and SAR 6.0bn.

 

Market Wrap International:

U.S. equities ended mixed as strong earnings momentum in large-cap technology and AI-linked names supported sentiment, while elevated oil prices and some rotation into cyclical sectors weighed on the broader market. Gains were led by semiconductor and growth stocks following upbeat corporate results, reinforcing confidence in the earnings outlook despite ongoing macro uncertainty linked to energy markets. The S&P 500 rose 0.8%, the NASDAQ advanced 1.6%, and the Dow Jones Industrial Average fell -0.2%.

European equities ended lower as persistent pressure from higher energy prices and cautious risk sentiment offset the positive lead from U.S. technology strength, with investors remaining attentive to inflation implications and corporate outlooks. Energy-linked cost concerns and weaker performance in industrials and consumer sectors weighed on the region, while defensives offered limited support. The FTSE 100 fell -0.7%, the DAX declined -0.1%, the CAC 40 dropped -0.8%, and the EURO STOXX 600 slipped -0.6%.

Asian markets are trading mixed as regional sentiment reflected the prior session’s strength in global technology shares alongside ongoing caution tied to energy prices and external demand trends. Japanese equities advanced on continued support from export-oriented and technology sectors, while Chinese markets remained subdued amid softer domestic sentiment and Hong Kong saw modest gains. The Nikkei 225 gained 1.0%, the Hang Seng rose 0.2%, the SHCOMP declined -0.3%, and the KOSPI edged lower by -0.003%.