Tadawul Review:

Tadawul All Share Index (TASI) rose on Thursday, ‎gaining 6 points (+0.06%) to close at 11,121.13. The ‎index opened 2 points above its previous close, but ‎before closing it faced selling pressure, yet remained in ‎the green zone. Overall, 11 out of 21 sectors closed in ‎the green zone, and 114 shares rose while 133 fell. ‎Materials (+0.6%), Real Estate Management & ‎Development (+0.6%), and Insurance (0.6+%) sectors ‎contributed the most to the index rise. Stockwise, ‎Maaden (+3.1%), SNB (+1.5%), and Saudi Electricity ‎‎(+3.0%) were the major contributors to the index rise. ‎The trading activity witnessed an increase in volume ‎and value of +52% and +54%, respectively, to reach ‎‎275mn shares and SAR 6.5bn in value traded.‎

 

 

Market Wrap International:  

U.S. equities ended mixed in a shortened trading week as ‎investors assessed the Federal Reserve’s decision to keep interest ‎rates unchanged while signaling a cautious stance on inflation ‎and future policy moves. Market sentiment was also influenced ‎by easing energy prices and improving conditions in global oil ‎shipping routes, which helped support risk appetite, while ‎technology and AI-related stocks continued to attract selective ‎buying interest. ‎

European equities ended lower as weakness in mining shares and ‎softer commodity prices weighed on sentiment, while investors ‎remained cautious amid ongoing Middle East tensions and their ‎potential impact on inflation and growth. Energy stocks ‎outperformed on firmer oil prices, but declines in travel, leisure, ‎and basic resources sectors offset those gains. The FTSE 100 fell ‎‎-0.4%, the DAX declined -0.2%, the CAC 40 dropped -0.6%, and ‎the EURO STOXX 600 slipped -0.2%.‎

Asian markets are trading with a mixed tone as investors ‎continue to balance optimism from improved global risk ‎sentiment and lower oil prices against the implications of tighter ‎monetary policy and currency volatility. Japanese equities were ‎supported by technology and export-oriented shares, while ‎South Korean stocks traded slightly lower after recent strong ‎gains. The Nikkei 225 rose 0.3%, the KOSPI declined -0.1%, ‎while the SHCOMP and Hang Seng were closed.‎