Tadawul Review:

Tadawul All Share Index (TASI) fell on Thursday, decreasing ‎by 118 points (-1.04%) to close at 11,308. The index opened ‎‎233 points above its previous close but started to decline, ‎reaching its lowest point in the middle of the session. It then ‎gradually increased slightly, though it remained in the red ‎zone by the end. Overall, 14 out of 21 sectors closed in the ‎red zone, while 166 shares fell and 88 rose. Energy (-2.8%), ‎Materials (-2.1%), and Telecommunications (-3.3%) sectors ‎contributed the most to the index fall. Stockwise, Aramco (-‎‎2.8%), ACWA Power (-4.3%), and Saudi Telecom (-4.2%) ‎were the major contributors. The trading activity witnessed a ‎decrease in volume of -12% to reach 529mn shares, while the ‎value rose by 4% to reach SAR14.9bn in value traded.‎

 

 

Market Wrap International:

U.S. markets closed higher on Friday, driven by inflation data ‎that broadly matched expectations, which eased some ‎pressure on aggressive Fed tightening bets. The S&P 500 rose ‎‎0.6%, the Dow Jones gained 0.7%, and the Nasdaq added ‎‎0.4%.‎

In Europe, sentiment was positive across the board, with ‎strength in industrials, energy, and financials offsetting ‎concerns about inflation and global growth. The FTSE 100 ‎rose 0.8%, the DAX gained 0.9%, the CAC climbed 1.0%, and ‎the Euro Stoxx 600 was up 0.8%.‎

Asian markets retreated, especially in export- and tech-‎heavy markets, in part reacting to renewed U.S. trade policy ‎uncertainty. The SHCOMP fell -0.7%, the Kospi slid -2.5%, ‎the Nikkei lost -0.9%, and the Hang Seng dropped -1.3%.‎