Tadawul Review:

Tadawul All Share Index (TASI) rose on Monday, gaining 142 ‎points (+1.3%) to close at the 11,489 level. TASI opened 41 ‎points higher than the previous closing level. The index then ‎jumped nearly 100 points during the first hour and remained ‎stable in the green zone. In general, 19 out of 21 sectors ‎closed in the green zone, and 216 shares rose while 28 fell. ‎Banks (+0.9%), Materials (+1.7%), and Energy (+2.1%) sectors ‎contributed the most to the index rise. Stockwise, Aramco ‎‎(+2.2%), Al Rajhi Bank (+0.9%), and Sabic (+3.1%) were the ‎major contributors. The trading activity witnessed an increase ‎in volume and value of 98% and 85% respectively, to reach ‎‎315mn shares and SAR6.1bn in value traded.‎

Market Wrap International:

U.S. stocks surged on Monday after the U.S. and China reached a temporary agreement to cut reciprocal tariffs, providing relief to markets worried about the economic fallout from a prolonged trade war. The breakthrough, which followed weekend negotiations in Switzerland, lifted investor sentiment and eased recession concerns. Leading the rally were Semiconductors & Semiconductor Equipment (+6.04%), Technology Hardware & Equipment (+5.79%), and Consumer Discretionary (+5.66%), reflecting renewed optimism in trade-sensitive sectors. The Nasdaq climbed by 4.3%, the Dow Jones Industrial Average advanced by 2.8%, and the S&P 500 rose by 3.3%.

European markets climbed as investors reacted positively to signs of progress in U.S.-China trade negotiations. Markets across the continent welcomed news that both countries had agreed to temporarily reduce tariffs, easing fears of an escalating trade war. The move helped lift investor sentiment, which has recently been dampened by uncertainty surrounding global trade policy and economic growth prospects. The Europe STOXX 600 advanced by 1.2%, DAX rose 0.3%, CAC 40 gained 1.4%, and FTSE 100 climbed 0.6%.

Asia-Pacific markets rallied following news of a breakthrough in U.S.-China trade talks. Investor sentiment was buoyed by signs of “substantial progress” in the negotiations. Hang Seng climbed by 3.0% and Nikkei 225 rose by 0.4%, and SHCOMP gained by 0.8% and KOSPI rose by 1.2%.