Tadawul Review:

Tadawul All Share Index (TASI) fell on Thursday, ‎dropping 139 points (-1.28%) to close at 10,709.04. The ‎index opened 24 points below its previous close, but it ‎recovered some losses before the close; however, it still ‎ended in the red zone. Overall, 18 out of 21 sectors ‎closed in the red zone, and 102 shares rose while 154 ‎fell. Media and Entertainment (-6.2%), Energy (-2.9%), ‎and Utilities (-1.8%) sectors contributed the most to the ‎index decline. Stockwise, Fipco (-9.9%), Alamar (-5.5%), ‎and Gasco (-4.2%) were the major contributors to the ‎index decline. The trading activity witnessed an increase ‎in volume and value of 62% and 75%, respectively, to ‎reach 271mn shares and SAR 6.6bn in value traded.‎

 

 

Market Wrap International:

U.S. equities ended lower as persistent valuation concerns in ‎technology names and broader risk-off sentiment weighed on ‎benchmarks, reflecting follow-through from global stocks easing ‎on persistent valuation and geopolitical uncertainty. Pressure on ‎high-beta and AI-linked names contributed to weakness across ‎the board, with the S&P 500 declining -0.4%, the Dow Jones ‎Industrial Average slipping -1.1% and the NASDAQ falling -0.9%. ‎

European equities ended mixed with modest upside in the U.K. ‎and resilience in pan-European risk appetite despite cautious ‎positioning amid lingering macro uncertainty; the FTSE 100 rose ‎‎0.6% while Germany’s DAX was essentially flat down -0.02% and ‎France’s CAC 40 fell -0.5%, leaving the EURO STOXX 600 ‎slightly higher by 0.1%. Local markets were supported by pockets ‎of strength in defensives and rate-sensitive sectors even as ‎broader European sentiment remained tentative. ‎

Asian markets are trading with a mixed profile as regional ‎equities absorb tech sector weakness from global peers and ‎diverging local drivers; mainland China’s SHCOMP gained 0.4%, ‎Japan’s Nikkei 225 rose 0.2%, Hong Kong’s Hang Seng advanced ‎‎0.9%, while South Korea’s KOSPI declined -1.0%.‎