Saudi Tadawul All Share Index closes up 0.82% at 10,189.77

The rebound is notable mainly for where it started: a bounce off the lowest close since early 2023, with the intraday dip below the prior close suggesting selling pressure was absorbed rather than exhausted. The move is narrow in character, led by Saudi Aramco, so index-level gains may overstate breadth. The flat close on the Saudi-listed Hong Kong China equity ETF is a reminder that the cross-border product is tracking external sentiment, not local risk appetite. Whether the index holds above the Thursday close, or the Aramco-led lift fades, is the open question.