Why is iShares Semiconductor ETF stock surging today?

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• 22 stocks of companies with tremendous sales growth

  Corporate earnings reports reveal that a specific cohort of index constituents is outperforming broader market expectations by expanding their top-line revenues significantly. This operational strength extends further down the income statement as these businesses also generate higher efficiency. The combined financial gains suggest underlying operational resilience during the current reporting cycle.

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• HSBC 'sharia-compliant' fund to exclude arms companies after spending $100m on Israeli military-linked firms

  Stricter screening guidelines adopted by the benchmark S&P Global 1200 Shariah Select Index are compelling HSBC's Islamic Global Equity Index Fund to drop major defense holdings. The updated threshold caps revenue from military contracting and weaponry at 5 percent, addressing growing scrutiny over portfolio holdings connected to warfare. Consequently, the passively managed fund must realign its portfolio by divesting from major international defense suppliers and surveillance contractors.

  3 min read
• Saudi Arabia stocks higher at close of trade; Tadawul All Share up 1.38%

  Regional market participants tracked stronger buying momentum across domestic equities as trading concluded for the session. The upward trajectory provided a broad lift to key benchmarks, concluding the day on positive territory for investors.

  1 min read