Tadawul Review:

Tadawul All Share Index (TASI) rose on Thursday, ‎gaining 12 points (+0.1%) to close at 11,011. The index ‎opened 8 points above its previous close, fluctuated in ‎positive territory for almost an hour and a half, then ‎faced pressure selling before recovering to close in the ‎green zone. Overall, 12 out of 21 sectors closed in the ‎green zone, and 147 shares rose while 93 fell. Materials ‎‎(+1.1%), Real Estate (+1.4%), and Insurance (+1.0%) ‎sectors contributed the most to the index rise. ‎Stockwise, Maaden (+3.6%), Rasan Information (+7.4%), ‎and Dar Al Arkan (+2.3%) were the major contributors. ‎The trading activity witnessed a decrease in volume and ‎value of -25% and -11%, respectively, to reach 132mn ‎shares and SAR3.2bn in value traded.‎

 

 

 

Market Wrap International:

U.S. equities climbed as strong tech and AI-linked earnings supported mega-caps, even as Fed minutes showed policy makers remain divided on the timing of rate cuts. Monetary-policy uncertainty limited broader conviction, but growth names still outperformed. The S&P 500 rose +1.0%, the Dow +1.1%, and the Nasdaq +0.9%.

European markets were mixed as subdued growth data, weak PMIs, and structural competitiveness concerns kept sentiment cautious. Limited catalysts and sensitivity to global tech valuations also constrained gains. The FTSE 100 added +0.1%, the DAX fell -0.8%, and the Euro Stoxx 600 slipped -0.3%.

 

Asian equities declined sharply, pressured by weak external demand signals, including softer Chinese export data, and broad risk-off flows across Korea and Japan despite isolated semiconductor strength. Regional PMIs and currency pressures further weighed on sentiment. The SHCOMP dropped -2.4%, the KOSPI -3.8%, the Nikkei 225 -2.4%, and the Hang Seng -2.4%.