Tadawul Review: ‎

Tadawul All Share Index (TASI) fell on Thursday, ‎dropping 82 points (-0.77%) to close at 10,598.88. The ‎index opened 12 points above its previous close, but it ‎recovered some losses before the close; however, it still ‎ended in the red zone. Overall, 19 out of 21 sectors ‎closed in the red zone, and 67 shares rose while 192 ‎fell. Banks (-1.2%), Materials (-1.5%), and Utilities (-1.2%) ‎sectors contributed the most to the index decline. ‎Stockwise, Alrajhi (-2.0%), Maaden (-2.6%), and BSF (-‎‎1.7%) were the major contributors to the index decline. ‎The trading activity witnessed an increase in volume ‎and value of +0% and +11%, respectively, to reach ‎‎167mn shares and SAR 3.5bn in value traded.‎

 

 

 

Market Wrap International:  

U.S. equities ended higher as renewed demand for AI-related ‎technology stocks, led by Microsoft and semiconductor names, ‎helped offset continued pressure from elevated oil prices and ‎Treasury yields. Sentiment also improved as reports indicated ‎that U.S. and Iranian negotiators were exploring a phased ‎reopening of the Strait of Hormuz, while August data showed ‎strong demand for AI-related capital goods. The S&P 500 rose ‎‎0.5%, the Dow Jones Industrial Average gained 0.9%, and the ‎NASDAQ advanced 0.5%. ‎

European equities ended higher as easing oil prices and a softer ‎tone in bond yields supported risk appetite, while investors ‎remained cautious over Middle East developments and elevated ‎borrowing costs. Banks and technology stocks led gains, while ‎energy shares lagged as crude prices retreated; expectations of a ‎phased reopening of the Strait of Hormuz also provided some ‎relief to energy-intensive sectors. The FTSE 100 gained 0.1%, the ‎DAX rose 0.6%, the CAC 40 edged lower by -0.04%, and the ‎EURO STOXX 600 advanced 0.3%. ‎

 

Asian markets are trading with mixed regional signals, as ‎Japanese equities benefited from continued strength in AI-related ‎stocks and dividend-related buying, while Hong Kong shares ‎were pressured by elevated bond yields and uncertainty ‎surrounding Middle East tensions. The two-month extension of ‎the U.S.-China trade truce provided some support, although ‎unresolved issues kept sentiment uneven across the region. The ‎Nikkei 225 gained 1.3%, the Hang Seng fell -1.0%, while the ‎SHCOMP and KOSPI were closed for holidays. ‎