Tadawul Review:

Tadawul All Share Index (TASI) fell on Thursday, ‎dropping 12 points (-0.11%) to close at 10,990.45. The ‎index opened 5 points above its previous close, but it ‎recovered some losses before the close; however, it still ‎ended in the red zone. Overall, 12 out of 21 sectors ‎closed in the red zone, and 109 shares rose while 150 ‎fell. Banks (-0.3%), Energy (-0.4%), and Health Care ‎Equipment & Services (-0.9%) sectors contributed the ‎most to the index decline. Stockwise, Saudi Aramco (-‎‎0.4%), SNB (-0.5%), and Sulaiman Alhabib (-1.2%) were ‎the major contributors to the index decline. The ‎trading activity witnessed an increase in volume and ‎value of +3% and +10%, respectively, to reach 237mn ‎shares and SAR 4.9bn in value traded.‎

 

 

Market Wrap International:  

U.S. equities ended sharply lower as a stronger-than-expected ‎U.S. jobs report increased concerns that the Federal Reserve may ‎keep monetary policy restrictive for longer, prompting a broad ‎risk-off move across equities. Technology and semiconductor ‎stocks led the decline, with chipmakers suffering their steepest ‎selloff in years as investors took profits following an extended AI-‎driven rally and reassessed valuation levels amid rising Treasury ‎yields. The S&P 500 fell -2.6%, the Dow Jones Industrial Average ‎declined -1.3%, and the NASDAQ dropped -4.2%. ‎

European equities ended mixed as investors balanced the impact ‎of weakness in global technology shares against support from ‎defensive sectors and energy-related stocks. Sentiment remained ‎cautious amid concerns over higher interest rates, while elevated ‎geopolitical uncertainty and commodity-price movements ‎influenced sector rotation across the region. The FTSE 100 rose ‎‎0.1%, the DAX fell -0.7%, the CAC 40 declined -0.3%, and the ‎EURO STOXX 600 slipped -0.3%. ‎

Asian markets ended lower as the global technology selloff ‎spread through regional markets, weighing heavily on ‎semiconductor and growth-oriented shares. South Korea ‎experienced the sharpest decline as investors reacted to ‎weakness in AI-related stocks and broader risk aversion, while ‎Japanese and Hong Kong equities also retreated. The SHCOMP ‎fell -0.7%, the KOSPI dropped -5.5%, the Nikkei 225 declined -‎‎1.3%, and the Hang Seng fell -1.2%.‎‎‎