Tadawul Review: ‎

Tadawul All Share Index (TASI) fell on Thursday, ‎dropping 8 points (-0.08%) to close at 11,007.27. The ‎index opened 12 points below its previous close, but it ‎recovered some losses before the close; however, it still ‎ended in the red zone. Overall, 14 out of 21 sectors ‎closed in the red zone, and 87 shares rose while 169 ‎fell. Banks (-0.3%), Real Estate Management & ‎Development (-0.8%), and Materials (-0.3%) sectors ‎contributed the most to the index decline. Stockwise, ‎Maaden (-1.0%), RIBL (-1.4%), and Alrajhi (-0.2%) were ‎the major contributors to the index decline. The ‎trading activity witnessed a decrease in volume of -0% ‎to reach 181mn shares, while value witnessed an ‎increase of +7% to reach SAR 4.2bn in value traded.‎

 

 

Market Wrap International:  

U.S. equities ended higher as easing oil prices and a rebound in ‎risk appetite supported stocks, while stronger U.S. inflation data ‎reinforced expectations for a Federal Reserve rate increase and ‎kept Treasury yields elevated. Technology and broader growth ‎shares recovered after recent pressure, helping the major ‎benchmarks advance despite persistent inflation and energy-‎market concerns. The S&P 500 gained 0.9%, the Dow Jones ‎Industrial Average rose 1.0%, and the NASDAQ advanced 1.0%.‎

European equities ended higher as retreating oil prices provided ‎some relief from inflation concerns, although elevated bond ‎yields and expectations for further monetary tightening ‎continued to weigh on sentiment. Telecommunications and ‎banks led sector gains, while investors remained focused on the ‎European Central Bank’s response to energy-driven inflation and ‎the region’s weaker growth outlook. The FTSE 100 gained 0.4%, ‎the DAX rose 0.8%, the CAC 40 advanced 0.8%, and the EURO ‎STOXX 600 increased 0.5%.‎

Asian markets are trading lower in the latest session as renewed ‎inflation concerns, elevated energy prices and the weaker ‎regional risk tone weighed on equities, with technology and ‎export-oriented markets under pressure. Japan and South Korea ‎were among the weaker major markets, while Chinese and Hong ‎Kong equities also declined as investors remained cautious amid ‎higher global rates and ongoing energy-market uncertainty. The ‎Nikkei 225 declined -1.9%, the KOSPI fell -1.8%, the SHCOMP ‎dropped -1.2%, and the Hang Seng decreased -0.6%.‎