Tadawul Review:

Tadawul All Share Index (TASI) fell on Thursday, ‎dropping 34 points (-0.3%) to close at 11,496. The index ‎opened 11 points above its previous close, rose briefly, ‎then declined sharply and saw some fluctuations in the ‎red zone until the end of the session. Overall, 13 out of ‎‎21 sectors closed in the red zone, while 148 shares fell ‎and 96 rose. Banks (-1.0%), Materials (-0.4%), and ‎Insurance (-1.7%) sectors contributed the most to the ‎index fall. Stockwise, Al Rajhi Bank (-1.1%), Saudi ‎National Bank (-1.8%), and ACWA Power (-1.3%) were ‎the major contributors. The trading activity witnessed a ‎decrease in volume of -10% to reach 322mn shares, while ‎the value rose by 8% to reach SAR6.5bn in value traded.‎

 

Market Wrap International:

U.S. stocks ended mixed as Treasury yields stabilized ahead of next week’s key inflation data, with energy and financials offsetting weakness in technology. The Dow Jones rose 0.5%, the S&P 500 was nearly unchanged at 0.01%, and the Nasdaq slipped -0.3%.

European markets advanced as easing bond yields and firm commodity prices lifted sentiment, though weak German industrial data limited gains. The FTSE 100 rose 0.7%, the CAC 0.3%, the Euro Stoxx 600 0.5%, while the DAX slipped -0.2%.

 

Asian trading was uneven, with Japan’s Nikkei 225 jumping 1.9% on chip and auto strength following upbeat earnings, while Hong Kong’s Hang Seng fell -0.5% as property and tech names remained under pressure.