Introduction

This weekly digest highlights key market movements in the US and Saudi Arabia, along with notable news that influenced stock performance.

US Market

US markets showed clear divergence this week. Healthcare stocks led the gainers, with Bio-Techne rising 22.7%, followed by AbbVie up 17.0%, and Charles River Laboratories up 15.2%. United Airlines also gained 14.6%. In contrast, technology stocks suffered significant losses: Strategy Inc fell 25.7%, ON Semiconductor dropped 25.4%, and Arm Holdings declined 25.2%. Oracle also fell 19.4%.

Saudi Market (TASI)

The Saudi market was relatively quiet this week. Top gainers included Luberef (+6.2%), Umm Al Qura (+6.1%), and SABIC Agri-Nutrients (+5.0%). On the downside, Al Rajhi Cooperative Insurance fell 9.1%, Kingdom Holding dropped 8.2%, and Ma'aden declined 7.2%.

Notable News

Key news this week included Oracle expanding AI partnerships in defense and healthcare. Citigroup raised its dividend and announced a $30 billion share buyback plan. S&P affirmed the US sovereign rating at AA+ with a stable outlook. Wrqti added fresh AI analysis this week, including 305 daily summaries. We invite you to explore stock pages to benefit from these insights.

Disclaimer

This content is for educational purposes only and does not constitute investment advice.