Tadawul Review:

Tadawul All Share Index (TASI) rose on Thursday, gaining ‎5 points (0.05%) to close at 10,640.65. The index opened 20 points above its previous close. The index fluctuated early in the session, and it extended its gains before losing its momentum and rebounded close ‎in the green zone. Overall, 12 out of 21 sectors closed in ‎the red zone, and 109 shares rose while 133 fell. Banks (+0.4%), Energy (+0.4%), and Reak Estate (+0.9%) sectors ‎contributed the most to the index rise. Stockwise, Aramco (+0.4%), Al ‎Rajhi Bank (0.4%), and Saudi National Bank ‎‎(+0.7%) were the major contributors. The trading ‎activity witnessed a decreased in volume and value of -50% and -39%, respectively, to reach 138mn shares ‎and SAR 3.4 bn in value traded.‎

 

 

 

Market Wrap International:

U.S. equities advanced in a shortened Black Friday session ‎as investors leaned further into expectations of a Federal ‎Reserve rate cut in December, even as a CME futures ‎outage briefly disrupted trading and tech valuations ‎remained under scrutiny. Rate-sensitive growth names and ‎selected consumer stocks benefited from lower policy-rate ‎expectations, while profit-taking in some AI-linked leaders ‎tempered the move. The NASDAQ Composite rose 0.7 %, ‎the S&P 500 gained 0.5%, and the Dow Jones Industrial ‎Average added 0.6%.‎

European markets also ended higher, supported by the ‎improved global rate-cut narrative and resilient domestic ‎data, while investors monitored the earlier CME glitch and ‎incoming euro area inflation readings. Financials and ‎industrials participated in the move alongside selective ‎strength in defensives, though valuation concerns in parts ‎of the technology complex kept overall risk appetite ‎measured. The FTSE 100 climbed 0.3%, Germany’s DAX ‎advanced 0.3%, France’s CAC 40 rose 0.3%, and the EURO ‎STOXX 600 added 0.3%.‎

 

Asian equities are trading mixed today as regional markets ‎respond to the same Fed rate-cut expectations while ‎digesting weaker recent performance in some tech and ‎semiconductor names and ongoing Middle East tensions. ‎Japan’s market is supported by firm global risk sentiment ‎and domestic data, including a rise in housing starts and ‎steady Tokyo inflation, which reinforce expectations for ‎only gradual Bank of Japan normalization, while Chinese ‎and Hong Kong benchmarks remain constrained by growth ‎concerns and sector-specific policy risks. Japan’s Nikkei ‎‎225 is up 0.2 %, Hong Kong’s Hang Seng is down 0.3%, ‎China’s SHCOMP is up 0.3%, and South Korea’s KOSPI is ‎lower by 1.5%.‎