Tadawul Review: ‎

Tadawul All Share Index (TASI) rose on Thursday, ‎gaining 16 points (+0.15%) to close at 10,720.28. The ‎index opened 10 points above its previous close, but ‎before closing it faced selling pressure, yet remained in ‎the green zone. Overall, 13 out of 21 sectors closed in ‎the green zone, and 112 shares rose while 140 fell. ‎Banks (+0.5%), Energy (+0.2%), and Health Care ‎Equipment & Services (+0.7%) sectors contributed the ‎most to the index rise. Stockwise, SNB (+0.9%), Alrajhi ‎‎(+0.2%), and Sulaiman Alhabib (+1.3%) were the major ‎contributors to the index rise. The trading activity ‎witnessed a decrease in volume and value of -20% and -‎‎14%, respectively, to reach 164mn shares and SAR ‎‎3.4bn in value traded.‎

 

 

Market Wrap International:

U.S. equities ended lower as investors reduced exposure to ‎large-cap technology and semiconductor shares following ‎renewed concerns over elevated valuations in the AI sector, ‎while stronger demand for safe-haven assets reflected a more ‎cautious risk backdrop. Rising oil prices amid Middle East ‎tensions also added to inflation concerns, limiting broader ‎market sentiment despite relatively stable economic expectations. ‎The NASDAQ declined -1.4%, the S&P 500 fell -1.0%, and the ‎Dow Jones Industrial Average lost -0.8%. ‎

European equities ended mixed as weakness in technology and ‎export-oriented shares offset support from energy stocks, which ‎benefited from firmer crude oil prices. Investors also remained ‎cautious as the global risk-off tone from Wall Street weighed on ‎sentiment, while defensive sectors outperformed amid continued ‎geopolitical uncertainty. The FTSE 100 gained 0.3%, while the ‎DAX declined -0.3%, the CAC 40 fell -0.5%, and the EURO ‎STOXX 600 eased -0.3%. ‎

Asian markets are trading lower as the global technology selloff ‎extended across the region, with semiconductor shares leading ‎declines after weakness on Wall Street, while renewed Middle ‎East tensions and higher oil prices further dampened investor ‎sentiment. Japanese exporters were additionally pressured by risk ‎aversion, while Chinese equities weakened on concerns over ‎domestic growth and property-related headwinds. The Nikkei ‎‎225 dropped -4.0%, the Shanghai Composite declined -3.0%, and ‎the Hang Seng fell -1.8%, while South Korea's KOSPI was closed.‎