Tadawul Review: 

Tadawul All Share Index (TASI) fell on Thursday, dropping by 24 points (-0.2%) to close at the 12,415 level. TASI started the session positively, opening with a gain of 11 points, but then fluctuated until the end of the session, closing in the red zone. Overall, 14 out of 21 sectors closed in the red zone, while 139 shares fell and 89 rose. Banks (-0.6%), Utilities (-0.6%), and Insurance (-0.7%) sectors contributed the most to the index fall. Stockwise, Al Rajhi Bank (-1.4%), Alinma Bank (-2.3%), and ACWA Power (-0.8%) were the major contributors. The trading activity witnessed a decrease in volume and value of -16% and -27%, respectively, to reach 274mn shares and SAR6.4bn in value traded.

Market Wrap International:

U.S. stocks fell on Friday as renewed trade tensions resurfaced following the White House’s confirmation that tariffs on Mexico, Canada, and China would take effect on Saturday. This development reignited fears of an escalating trade war. The Dow Jones Industrial Average declined by 0.8%, the S&P 500 fell by 0.5%, and the NASDAQ dropped by 0.3%.

European markets edged higher on Friday, building on the previous session’s record close for the Stoxx 600. The gains were driven by strong corporate earnings, economic data releases, and central bank decisions. The CAC 40 rose by 0.1%, the DAX inched up by 0.02%, the Euro Stoxx 600 gained 0.1%, and the FTSE 100 advanced by 0.3%.