Tadawul Review:

Tadawul All Share Index (TASI) fell on Thursday, ‎slipping -10 points (-0.1%) to close at 10,716. The index ‎opened 21 points above its previous close, then ‎gradually declined. Although it recovered some of its ‎losses in the final hours, it still closed in the red zone. ‎In general, 18 out of 21 sectors closed in the red zone, ‎while 176 shares fell and 68 rose. Energy (-1.7%), ‎Utilities (-1.3%), and Materials (-0.3%) sectors ‎contributed the most to the index fall. Stockwise, ‎Aramco (-1.7%), ACWA Power (-2.1%), and Maaden (-‎‎1.2%) were the major contributors. The trading activity ‎witnessed an increase in volume of 6% to reach 160mn ‎shares, while the value fell by -2% to reach SAR3.4bn in ‎value traded.‎

 

 

Market Wrap International:

U.S. equities ended weighed by renewed AI-sector jitters and ‎rising Treasury yields that prompted profit-taking in growth ‎names, with investors also digesting mixed corporate updates ‎and a cautious tone around Fed path expectations; financials and ‎cyclicals showed relative resilience while large-cap technology ‎underperformed. The NASDAQ dropped -1.7%, the S&P 500 fell ‎‎-1.1% and the Dow Jones Industrial Average declined -0.5%. ‎

European equities ended lower as sentiment followed Wall ‎Street’s retreat, with investors rotating out of expensive tech ‎names and taking profits after earlier rate-cut optimism; banks ‎and industrials lagged while defensives provided some support. ‎The FTSE 100 eased -0.6%, the DAX lost -0.4%, the CAC 40 ‎slipped -0.2% and the EURO STOXX 600 was down   -0.5%. ‎

Asian markets are trading higher on broad risk-on flows into ‎exporters and cyclicals, with chip and technology-adjacent ‎names leading gains amid softer U.S. futures and local currency ‎moves; Japan and Korea benefited from renewed buying interest ‎while mainland China benchmarks firmed on selective domestic ‎demand. Japan’s Nikkei 225 rose 1.4%, South Korea’s KOSPI ‎increased 1.4%, Hong Kong’s Hang Seng advanced 1.7% and ‎China’s SHCOMP gained 0.4%.‎