Saudi Tadawul All Share Index Falls 1.02% to 9,921.50, Up 2.33% for the Week

The weekly gain despite Thursday's pullback suggests the rebound from the March 2021 low was driven by a short-term bounce rather than a durable shift in sentiment, with the index still far below its prior range. Aramco's modest weekly advance did little to anchor the broader market, while the Hong Kong China equity ETF's marginal move hints at limited spillover from Asian risk appetite. Whether the index can hold above the recent low without fresh catalysts is the open question.