Tadawul Review:

Tadawul All Share Index (TASI) rose on Thursday, ‎gaining 51 points (+0.5%) to close at 10,626. The index ‎opened 9 points above its previous close and continued ‎to rise, but before closing it faced selling pressure, yet ‎remained in the green zone. Overall, 19 out of 21 ‎sectors closed in the green zone, and 190 shares rose ‎while 54 fell. Banks (+0.6%), Telecommunications ‎‎(+1.1%), and Health care equipment and services ‎‎(+1.‎‏3‏‎%) sectors contributed the most to the index rise. ‎Stockwise, Saudi National Bank (+1.6%), Etihad Etisalat ‎‎(+2.9%), and Sulaiman Al Habib (+2.2%) were the major ‎contributors. The trading activity witnessed an increase ‎in volume and value of 22% and 25%, respectively, to ‎reach 207mn shares and SAR4.5bn in value traded.‎

 

 

 

Market Wrap International:

U.S. equities ended Fed-driven sentiment held sway as markets weighed a likely rate cut next week and softer U.S. data, keeping investors rotated into cyclicals and select tech names while Treasury yields eased; that backdrop supported modest gains in large-cap benchmarks despite mixed earnings headlines. The pullback in yields and a softer dollar underpinned financials and industrials, tempering pressure on rate-sensitive growth names. The NASDAQ rose 0.3%, the S&P 500 gained 0.2%, and the Dow Jones Industrial Average advanced 0.2%.

European equities ended Fed-cut hopes also shaped European trading, where the STOXX 600 was essentially flat after a three-day rally and markets tracked Wall Street’s cautious tone; banks and insurers showed selective strength while defensives pared gains. Local flows were influenced more by global rate expectations than fresh domestic surprises, leaving headline indices mixed. The FTSE 100 fell -0.5 %, the DAX rose 0.6%, the CAC 40 eased -0.1%, and the EURO STOXX 600 was -0.01%.

 

Asian markets trading regional moves were driven by rate differentials, currency swings and sector-specific flows, with Japan pressured by renewed bets on BOJ tightening while South Korea and China saw demand in cyclicals and export names. Semiconductor and broader tech shares were underperforming in parts of the region even as mainland sentiment showed selective buying in industrials, supporting Shanghai and Seoul. Japan’s Nikkei 225 is down -1.1%, Hong Kong’s Hang Seng is up 0.6%, China’s SHCOMP is up 0.7 %, and South Korea’s KOSPI is up 1.8%.