Tadawul All Share Index (TASI) rose on Monday, gaining 73 points (+0.7%) to close at 10,490. The index opened slightly above its previous close, initially dropped for a while, and then gradually increased throughout the session, closing at its highest point by the end of the day. In general, 18 out of 21 sectors closed in the green zone, and 202 shares rose while 59 fell. Banks (+1.0%), Energy (+0.8%), and Materials (+0.7%) sectors contributed the most to the index rise. Stockwise, Al Rajhi Bank (+0.9%), Aramco (+0.8%), and Saudi National Bank (+1.4%) were the major contributors. The trading activity witnessed an increase in volume and value of 5% and 10%, respectively, to reach 142mn shares and SAR2.6bn in value traded.
Market Wrap International:
U.S. equities ended lower as markets wrapped the holiday-shortened week with modest declines amid profit-taking and tech weakness following record levels earlier in December. Technology and growth names weighed on sentiment after recent rallies, while energy stocks showed relative resilience. The S&P 500 declined -0.3% at close, the Dow Jones Industrial Average fell -0.5%, and the NASDAQ Composite also slipped -0.5%, reflecting broad market softness into year-end trading.
European equities ended roughly flat in light trading as markets resumed after the Christmas-Boxing Day break, with small gains in cyclicals and resources offset by weakness in defensive sectors. The FTSE 100 edged down -0.04%, Germany’s DAX was up 0.05%, and France’s CAC 40 rose 0.1%, while the EURO STOXX 600 also finished up 0.1% as global cues balanced locally mixed sector action.
Asian markets are trading mixed with divergent regional performance as investors digest Wall Street declines and thin year-end volumes. China’s SHCOMP held steady around flat for the session, South Korea’s KOSPI advanced strongly by 2.2% on strength in domestic tech shares, Japan’s NIKKEI 225 slipped -0.4% amid modest risk-off sentiment, and Hong Kong’s Hang Seng declined -0.7% as broader risk assets paused after recent gains.