Tadawul Review:

Tadawul All Share Index (TASI) fell for the fourth ‎consecutive day on Thursday, declining by 76 points (-‎‎0.7%) to close at 10,732. The index opened slightly below ‎its previous closing level and continued to decline, ‎ending the day at its lowest point. Overall, 21 out of 21 ‎sectors closed in the red zone, while 190 shares fell and ‎‎59 rose. Banks (-0.6%), Materials (-0.8%), and Utilities (-‎‎1.7%) sectors contributed the most to the index fall. ‎Stockwise, Al Rajhi Bank (-1.1%), ACWA Power (-2.2%), ‎and Maaden (-1.0%) were the major contributors. The ‎trading activity witnessed an increase in volume of 37% to ‎reach 271mn shares, while the value fell by -1.4% to reach ‎SAR3.9bn in value traded.‎

 

 

Market Wrap International:

U.S. markets ended the week lower as investors booked profits from recent record highs, with sharp declines in technology names leading the pullback. Dell plunged nearly 9% and Nvidia slipped more than 3%, weighing on the sector, though softer inflation data maintained expectations of a Fed rate cut in September. By the close, the S&P 500 fell -0.6%, the Dow Jones -0.2%, and the Nasdaq -1.2%.

European markets also weakened, pressured by banking stocks amid renewed concerns over a potential windfall tax, even as U.K. business confidence reached its highest levels in over a decade. The FTSE 100 slipped -0.3%, the DAX -0.6%, the CAC -0.8%, and the Euro STOXX 600 -0.6%.

Asian markets showed mixed performance. Gains in Hong Kong and mainland China provided some support, but sentiment elsewhere was cautious following Wall Street’s retreat. The Shanghai Composite rose +0.4% and the Hang Seng +0.3%, while the Kospi and Nikkei 225 each closed -0.3%.