Tadawul Review: 

Tadawul All Share Index (TASI) rose on Thursday, gaining 115 points (+1%) to close at the 11,244 level. TASI started the session positively, opening with an 13 point rise, and gradually increase throughout the session to close in the green territory. In general, 14 out of 21 sectors closed in the green zone, and 137 shares rose while 109 fell. Banks (+2.0%), Materials (+0.7%), and Telecommunications (+1.1%) sectors contributed the most to the index rise. Stockwise, Saudi National Bank (+4.1%), Al Rajhi Bank (+1.4%), and Aramco (+0.9%) were the major contributors. The trading activity witnessed an decrease in volume by -6% to reach 310mn shares, while the value increase by 4% to reach SAR5.6bn in value traded.

 

 

Market Wrap International:

European shares extended losses on Friday, pressured by persistent uncertainty surrounding U.S. trade deals ahead of the July 9 tariff deadline. With U.S. markets closed for Independence Day, the absence of Wall Street momentum left European investors focused on the unresolved tariff concerns. The FTSE 100 index fell slightly by -0.003%, the CAC 40 dropped by -0.8%, the DAX saw a decrease of -0.6%, and the Euro STOXX 600 declined by -0.5%.

Asian stock markets traded mixed, with investors staying cautious despite Wall Street’s record highs overnight. While a stronger-than-expected U.S. jobs report helped ease some economic worries, lingering uncertainty over trade deals and tariff threats ahead of President Trump’s July 9 deadline kept regional sentiment in check. The NIKKEI 225 saw a rise of 0.1%, the SHCOMP increased by 0.3%, while the Hang Seng fell by -0.6% and the KOSPI dropped by -2%.