Tadawul Review:

Tadawul All Share Index (TASI) fell on Sunday, ‎dropping 7 points (-0.06%) to close at 10,886.63. The ‎index opened 9 points below its previous close, but it ‎recovered some losses before the close; however, it still ‎ended in the red zone. Overall, 11 out of 21 sectors ‎closed in the red zone, and 108 shares rose while 146 ‎fell. Consumer Services (-1.6%), Consumer Staples ‎Distribution & Retail (-1.1%), and Food & Beverages (-‎‎0.9%) sectors contributed the most to the index decline. ‎Stockwise, SNB (-1.3%), Alinma (-1.9%), and Sabic (-‎‎2.3%) were the major contributors to the index decline. ‎The trading activity witnessed a decrease in volume and ‎value of -35% and -40%, respectively, to reach 153mn ‎shares and SAR 2.9bn in value traded.‎

 

 

Market Wrap International:

U.S. equities ended lower at the latest close as a surge in oil prices and escalating Middle East tensions fueled concerns about renewed inflation pressures and the potential impact on the global economic outlook, prompting broad selling across major sectors and reinforcing a risk-off tone on Wall Street. European equities ended lower as the same energy-driven inflation concerns and geopolitical uncertainty weighed on investor sentiment, with cyclical sectors such as industrials, financials, and consumer stocks facing pressure as investors reduced exposure to risk assets. Asian markets also closed lower in the most recent session as the cautious global tone carried into regional trading, with investors reacting to rising energy prices, geopolitical uncertainty, and concerns that prolonged disruptions to energy supply could weigh on growth across export-oriented economies.