Tadawul Review:

Tadawul All Share Index (TASI) rose on Thursday, gaining 14 points (+0.1%) to close at 11,697. The index opened unchanged from the previous close. It initially rose about 30 points before giving up some of its gains, then recovered most of the losses for a while, but later faced selling pressure and still managed to close in the green. In general, 9 out of 21 sectors closed in the green zone, and 108 shares rose while 140 fell. Energy (+1.2%), Banks (+0.2%), and Materials (+0.4%) sectors contributed the most to the index rise. Stockwise, Aramco (+1.3%), Al Rajhi Bank (+0.7%), and Sabic (+1.2%) were the major contributors. The trading activity witnessed a decrease in volume and value of -11% and -8%, respectively, to reach 307mn shares and SAR6.1bn in value traded.

 

 

Market Wrap International:

U.S. stocks edged higher, with the S&P 500, Dow Jones Industrial Average and NASDAQ each up about +0.5%. The gains were supported by lingering hopes of easier policy from the Federal Reserve and selective strength in technology names. However, investors remain cautious given credit-stress concerns in U.S. regional banks.

European equities slipped as the FTSE 100 fell around -0.9%, the DAX dropped approximately -1.8%, the CAC 40 dipped around -0.2%, and the EURO STOXX 600 slid about -0.9%. The region felt the pinch of weaker corporate outlooks, heightened trade-pressures with China, and an atmosphere of cautious investor sentiment.

In Asia the picture was mixed to weak: the SHCOMP lost about -2.0%, the Hang Seng Index fell roughly -2.5%, the Nikkei 225 declined around -1.4%, while the KOSPI was essentially flat (+0.01%). The weakness reflects renewed concerns over U.S.–China trade frictions and a cooling outlook for regional growth and exports.