Tadawul Review:

Tadawul All Share Index (TASI) fell on Thursday, ‎dropping 35 points (-0.30%) to close at 11,554.16. The ‎index opened 4 points below its previous close, but it ‎recovered some losses before the close; however, it still ‎ended in the red zone. Overall, 8 out of 21 sectors ‎closed in the red zone, and 146 shares rose while 104 ‎fell. Banks (-0.6%), Materials (-1.0%), and ‎Telecommunication Services (-0.8%) sectors ‎contributed the most to the index decline. Stockwise, ‎SNB (-3.1%), Maaden (-1.9%), and Sabic (-1.2%) were the ‎major contributors to the index decline. The trading ‎activity witnessed a decrease in volume and value of -‎‎12% and -16%, respectively, to reach 330mn shares and ‎SAR 6.4bn in value traded.‎

 

 

Market Wrap International:

U.S. equities ended higher as improved risk sentiment and easing ‎concerns around the Federal Reserve’s rate outlook supported a ‎broad-based advance, while stable Treasury yields encouraged ‎renewed buying in growth and cyclical sectors. Technology and ‎AI-linked names led gains alongside industrials, with investors ‎also positioning around ongoing earnings momentum. The ‎NASDAQ rose 1.5%, the S&P 500 advanced 1.2%, and the Dow ‎Jones Industrial Average gained 1.8%.‎

European equities ended higher, tracking the positive lead from ‎Wall Street as strength in industrials, financials, and technology ‎stocks underpinned sentiment, while stable macro expectations ‎supported cyclical sectors. The region saw broad-based buying, ‎with risk appetite improving across major markets and defensives ‎lagging. The FTSE 100 rose 0.7%, the DAX advanced 2.3%, the ‎CAC 40 gained 2.0%, and the EURO STOXX 600 increased ‎‎1.6%.‎

Asian markets ended lower in the previous session as weaker ‎global cues and profit-taking in technology and export-oriented ‎sectors weighed on sentiment, while currency pressures and ‎cautious positioning limited risk appetite. Semiconductor and ‎large-cap exporters led declines in Japan and South Korea, while ‎Chinese markets remained relatively stable compared to regional ‎peers. The Nikkei 225 fell -1.8%, the KOSPI declined -0.5%, the ‎Hang Seng dropped -0.9%, and the SHCOMP slipped -0.1%.‎