Tadawul Review:

Tadawul All Share Index (TASI) fell for the fifth consecutive day on Sunday, declining by 35 points (-0.3%) to close at 10,697. The index opened 28 points above its previous closing level, then decreased briefly in the initial minutes, but rebounded for a while before declining until the end of the session. Overall, 18 out of 21 sectors closed in the red zone, while 217 shares fell and 38 rose. Materials (-1.4%), Real Estate (-0.9%), and Insurance (-1.4%) sectors contributed the most to the index fall. Stockwise, Sabic Agri-Nutrients (-5.4%), Maaden (-1.4%), and Al Rajhi Bank (-0.2%) were the major contributors. The trading activity witnessed a decrease in volume and value of -13% and -20%, respectively, to reach 237mn shares and SAR3.1bn in value traded.

 

 

Market Wrap International:

Global equities ended last week lower as weakness in the Magnificent 7 weighed on sentiment and political risks persisted in Europe. In the U.S., the Dow, S&P 500, and Nasdaq slipped modestly, dragged by sharp declines in Dell and Nvidia and broader tech underperformance, highlighting the outsized influence of the Magnificent 7, which now account for over a third of the S&P 500’s value. In Europe, the STOXX 600 fell, the FTSE 100 marked its steepest weekly drop in nearly five months on banking losses, and the CAC 40 slumped on French political turmoil, while the DAX also retreated. In Asia, China’s Shanghai Composite and Hang Seng posted gains on improved factory sentiment, but Japan’s Nikkei and South Korea’s Kospi ended the week lower ahead of key U.S. jobs data.