Tadawul Review: ‎

Tadawul All Share Index (TASI) fell on Thursday, ‎dropping 102 points (-1.02%) to close at 9,921.50. The ‎index opened 29 points above its previous close, but it ‎recovered some losses before the close; however, it still ‎ended in the red zone. Overall, 21 out of 21 sectors ‎closed in the red zone, and 53 shares rose while 211 ‎fell. Banks (-1.2%), Materials (-1.2%), and Utilities (-1.8%) ‎sectors contributed the most to the index decline. ‎Stockwise, Alrajhi (-1.1%), SNB (-1.9%), and Maaden (-‎‎2.8%) were the major contributors to the index decline. ‎The trading activity witnessed a decrease in volume and ‎value of -28% and -23%, respectively, to reach 254mn ‎shares and SAR 4bn in value traded.‎

 

 

 

Market Wrap International: 

U.S. equities ended lower as ‎disappointing earnings from Intel ‎and Amazon intensified ‎concerns over the scale of artificial ‎intelligence ‎investment and the time required to generate ‎adequate ‎returns. Technology and semiconductor shares led the ‎‎declines, with Intel falling 28.6%, while Nvidia and AMD ‎also ‎came under pressure, reflecting a broader ‎reassessment of AI-‎related valuations. The sell-off was ‎concentrated in growth ‎stocks, leaving the NASDAQ ‎down -2.9%, while the S&P 500 ‎declined -1.8% and the ‎Dow Jones Industrial Average lost -1.1%. ‎

European equities ended mixed as the global technology ‎sell-off ‎weighed on market sentiment, particularly across ‎semiconductor ‎and technology stocks, following ‎disappointing earnings and ‎renewed concerns over AI-‎related capital expenditure. Higher oil ‎prices also added ‎to inflation concerns, while stronger-than-‎expected ‎eurozone economic growth provided some support. ‎The ‎FTSE 100 edged higher by 0.1%, while the DAX declined -‎‎‎0.9%, the CAC 40 slipped -0.007%, and the EURO STOXX ‎‎600 ‎fell -0.4%. ‎

Asian markets are trading lower overall in their latest ‎completed ‎session, as concerns over AI investment ‎returns and ‎disappointing U.S. technology earnings ‎weighed on regional ‎sentiment. Semiconductor-heavy ‎markets faced additional ‎pressure, with South Korea's ‎technology shares leading declines, ‎while Japanese ‎equities also retreated amid the broader global ‎‎technology sell-off. Hong Kong moved against the ‎regional trend, ‎supported by relative strength in selected ‎stocks. The KOSPI ‎declined -3.5%, the Nikkei 225 fell -‎‎2.1%, and the SHCOMP lost -‎‎1.4%, while the Hang Seng ‎advanced 1.5%.‎

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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