Tadawul Review:

Tadawul All Share Index (TASI) rose for the fourth ‎consecutive day on Thursday, gaining 94 points (+0.9%) ‎to close at the 11,068 level. TASI opened 4 points higher ‎than the previous close and gradually climbed ‎throughout the session to close at its highest point by ‎the end of the day. In general, 19 out of 21 sectors ‎closed in the green zone, and 206 shares rose while 40 ‎fell. Banks (+0.8%), Materials (+1.3%), and Real Estate ‎‎(+1.3%) sectors contributed the most to the index rise. ‎Stockwise, Al Rajhi Bank (+0.9%), Aramco (+0.7%), and ‎Saudi National Bank (+1.0%) were the major ‎contributors. The trading activity witnessed an increase ‎in volume by 6% to reach 311mn shares, while the value ‎decreased by -6% to reach SAR5.7bn in value traded.‎

 

Market Wrap International:

U.S. stocks rebounded on Friday, with major indexes hitting fresh record highs despite renewed trade tensions after President Trump ended talks with Canada. The S&P 500 closed slightly above where it stood at the start of Trump’s second term. Top-performing sectors included Consumer Discretionary (+1.81%), Communication Services (+1.54%), and Industrials (+1.01%). The Nasdaq increased by 0.5%, the Dow Jones Industrial Average advanced by 1% and the S&P 500 increased by 0.5%.

European stocks rallied, fueled by strong gains in the automotive sector and growing optimism over easing U.S.-China trade tensions. Hopes for a resolution in the tariff dispute and a calming geopolitical backdrop helped lift major regional indexes. The CAC 40 experienced an increase of 1.8%, the DAX gained by 1.6%, the Euro STOXX 600 rose by 1.1%, and the FTSE 100 advanced by 0.7%.

Asian markets ended lower as investors stayed cautious amid reports that President Trump’s July 9 tariff deadline might be extended. The Nikkei 225 experienced an increase of 1.4%, whereas the KOSPI had declines of -0.8%, the SHCOMP fell by -0.7%, and the Hang Seng index noted a decrease of -0.2%.