Tadawul Review:

Tadawul All Share Index (TASI) fell on Thursday, ‎dropping 153 points (-1.3%) to close at 11,189. The ‎index opened 21 points below its previous close, then ‎gradually declined until the end of the session. Overall, ‎‎20 out of 21 sectors closed in the red zone, while 236 ‎shares fell and 28 rose. Materials (-3.0%), Banks (-0.9%), ‎and Real Estate (-2.2%) sectors contributed the most to ‎the index fall. Stockwise, Maaden (-5.4%), Saudi ‎National Bank (-2.7%), and ACWA Power (-1.7%) were ‎the major contributors. The trading activity witnessed ‎an increase in volume and value of 9% and 7%, ‎respectively, to reach 239mn shares and SAR5.5bn in ‎value traded.‎

 

 

 

Market Wrap International:

U.S. equities ended higher as broad sector participation ‎supported risk assets, led by cyclical and technology shares ‎following strong corporate news and momentum from ‎chipmakers. The Dow Jones Industrial Average climbed 2.5%, the ‎S&P 500 rose 2.0%, and the Nasdaq advanced 2.2%, with ‎investor confidence buoyed by record highs in blue-chip ‎benchmarks and optimism about future growth prospects.‎

European equities ended higher, with sentiment aided by gains in ‎cyclicals and consumer stocks that helped offset pockets of tech ‎sector weakness. The DAX increased 0.9%, the FTSE 100 gained ‎‎0.6%, the CAC 0.4% and the EURO STOXX 600 rose 0.9%, ‎reflecting broad-based support across major markets.‎

 

Asian markets are trading mixed, with weakness in mainland and ‎regional tech-linked stocks and selective strength elsewhere. ‎South Korea’s KOSPI declined 1.4%, China’s SHCOMP slipped ‎‎0.3% and Hong Kong’s Hang Seng fell 1.2% amid a regional tech ‎sell-off, while Japan’s Nikkei 225 rose 0.8% as investors ‎positioned ahead of local catalysts.‎