Tadawul Review:

Tadawul All Share Index (TASI) fell on Thursday, ‎dropping 77 points (-0.7%) to close at 11,178. The index ‎opened slightly below its previous close and gradually ‎declined throughout the session, ending at its lowest ‎point of the day. Overall, 19 out of 21 sectors closed in ‎the red zone, while 189 shares fell and 60 rose. Banks (-‎‎0.9%), Materials (-1.2%), and Energy (-0.3%) sectors ‎contributed the most to the index fall. Stockwise, ‎Maaden (-4.5%), Saudi National Bank (-1.4%), and Al ‎Rajhi Bank (-0.6%) were the major contributors. The ‎trading activity witnessed a decrease in volume and ‎value of -18% and -9%, respectively, to reach 166mn ‎shares and SAR3.8bn in value traded.‎

 

 

 

Market Wrap International:

U.S. equities ended mixed as investors pulled back from risk amid fading expectations for near-term Federal Reserve rate cuts and renewed pressure across AI-linked and semiconductor names. Fed officials’ comments curbing December cut hopes, combined with continued uncertainty in upcoming macro data after the shutdown, kept sentiment defensive. The S&P 500 slipped 0.1%, the Dow fell 0.7%, while the Nasdaq edged up 0.1%.

European markets followed the global risk-off tone, with weakness concentrated in sectors tied to global demand and technology. Concerns over slowing growth momentum, along with renewed fiscal uncertainty in the UK that pushed borrowing costs higher, added to the drag on regional benchmarks. The FTSE 100 dropped 1.1%, the DAX fell 0.7%, the CAC declined 0.8%, and the Euro Stoxx 600 lost 1.0%.

Asian equities saw the heaviest selling, pressured by sharply weaker Chinese investment and industrial indicators and a broad unwind in high-multiple tech and export-exposed names. Korea and Japan were hit hardest as global rotation away from semiconductors and AI weighed on regional sentiment. The SHCOMP fell 1.0%, the KOSPI plunged 3.8%, the Nikkei 225 dropped 1.8%, and the Hang Seng also lost 1.8%.