Tadawul Review:

The Tadawul All Share Index (TASI) rose on Thursday, gaining 406 points (3.7%) to close at 11,503. The index opened 507 points higher than its previous close, buoyed by U.S. President Donald Trump’s announcement of a 90-day suspension on most tariffs. It maintained its upward momentum throughout the session. Market breadth was largely positive, with 21 out of 21 sectors ending in the green, as 244 stocks advanced while only 7 declined. The Banks (4.3%), Materials (3.1%), and Utilities (4.3%) sectors were the key drivers of the index’s performance. Among individual stocks, Al Rajhi Bank (3.2%), Aramco (2.6%), and Saudi National Bank (5.5%) were major contributors to the index’s advance. Trading activity picked up, with share volume rising 22% and trading value increasing by 22%, reaching 429 million shares and SAR 8.3 billion.

Market Wrap International:

U.S. stocks ended a turbulent week on a positive note Friday, with major indices climbing despite persistent inflation worries and an escalating U.S.-China trade conflict. The rally came alongside a historic surge in benchmark 10-year Treasury yields—their largest weekly jump in over two decades—while the dollar weakened as investor appetite for certain U.S. assets waned. The S&P 500 was supported by strong gains in Materials (+3.00%), Information Technology (+2.56%), and Energy (+2.50%). The S&P 500 rose by 1.8%, the Nasdaq increased by 2.1%, and the Dow Jones Industrial Average advanced by 1.6%.

European markets closed lower on Friday, wrapping up a volatile week dominated by mounting concerns over the deepening U.S.-China trade conflict. Major indices, including Germany’s DAX and France’s CAC 40, posted losses, reflecting investor unease. However, the UK market found some resilience amid the turmoil, supported by an unexpected uptick in GDP growth. The Euro STOXX 600 fell -0.1%, the DAX dropped -0.9%, the CAC 40 declined -0.3%, while the FTSE 100 rose by 0.6%.

Asia-Pacific markets ended mixed on Friday, as investors remained cautious following Wall Street’s renewed sell-off overnight. Escalating trade war tensions between the U.S. and China dampened sentiment, fueling a risk-off mood across the region. The Nikkei 225 dropped by -3.0%, the KOSPI edged down by -0.5%, while the Hang Seng and SHCOMP managed to hold on to modest gains of 1.13% and 0.45%, respectively.