Tadawul All Share Index (TASI) rose on Monday, gaining 112 points (+0.99%) to close at 11,426.77. The index opened 4 points above its previous close, but before closing it faced selling pressure, yet remained in the green zone. Overall, 16 out of 21 sectors closed in the green zone, and 129 shares rose while 127 fell. Banks (+0.8%), Energy (+1.6%), and Materials (+1.8%) sectors contributed the most to the index rise. Stockwise, Saudi Aramco (+1.6%), SNB (+2.7%), and Maaden (+3.2%) were the major contributors to the index rise. The trading activity witnessed an increase in volume of +27% to reach 285mn shares, and value witnessed an increase of +95% to reach SAR 6.7bn in value traded.
Market Wrap International:
U.S. equities ended higher as easing concerns around Middle East tensions and resilient earnings expectations supported risk appetite, while investors looked ahead to the start of the earnings season and monitored the path of interest rates. Strength in technology and growth sectors underpinned gains, with improved sentiment offsetting earlier volatility tied to oil price movements and geopolitical developments. The NASDAQ rose 1.2%, the S&P 500 advanced 1.0%, and the Dow Jones Industrial Average gained 0.6%.
European equities ended lower, reflecting a more cautious tone as markets tracked mixed global signals and remained sensitive to energy price dynamics and external risk factors. Weakness was led by cyclical sectors including industrials and financials, while defensives provided limited support amid subdued risk appetite. The FTSE 100 fell -0.2%, the DAX declined -0.3%, the CAC 40 dropped -0.3%, and the EURO STOXX 600 slipped -0.2%.
Asian markets are trading with a weaker bias as lingering concerns around global growth, elevated energy prices, and cautious sentiment toward risk assets weighed on regional equities. Technology and export-oriented sectors remained under pressure, while currency stability concerns added to the cautious tone across major markets. The SHCOMP rose 0.1%, while the KOSPI fell -0.9%, the Nikkei 225 declined -0.7%, and the Hang Seng dropped -0.9%.