Tadawul All Share Index (TASI) fell on Monday, dropping 12 points (-0.11%) to close at 10,956.10. The index opened 7 points below its previous close, but it recovered some losses before the close; however, it still ended in the red zone. Overall, 13 out of 21 sectors closed in the red zone, and 63 shares rose while 195 fell. Materials (-0.6%), Food & Beverages (-1.5%), and Transportation (-1.5%) sectors contributed the most to the index decline. Stockwise, Maaden (-1.5%), Almarai (-2.1%), and RIBL (-1.2%) were the major contributors to the index decline. The trading activity witnessed an increase in volume and value of 35% and 59%, respectively, to reach 215mn shares and SAR 4.6bn in value traded.
Market Wrap International:
U.S. equities ended mixed as rising Treasury yields weighed on technology and semiconductor shares, dragging growth-sensitive sectors lower, while value-oriented and industrial components provided relative support. Inflation concerns pushed yields to their highest level in more than a year, dampening risk appetite across rate-sensitive names and leaving overall market direction without a clear consensus, with sector performance bifurcated between growth and value. The S&P 500 was little changed, while the NASDAQ declined -0.5%, and the Dow Jones Industrial Average advanced 0.3%.
European equities ended higher as energy shares led broad-based gains across the region, supported by higher oil prices against a backdrop of elevated Middle East tensions and supply concerns. Improved risk appetite drew investors into cyclical and industrial names as the session progressed, while commodity-linked equities found further support, with gains remaining broad-based across major bourses despite firmer government bond yields. The FTSE 100 rose 1.3%, the DAX gained 1.5%, the CAC 40 advanced 0.4%, and the EURO STOXX 600 climbed 0.5%.
Asian markets ended mostly lower as semiconductor weakness and cautious sentiment toward technology shares weighed on regional trading, while investors continued to monitor recent trade developments and global growth signals. Hong Kong equities remained pressured by weakness in internet and property sectors, while mainland Chinese shares were broadly steady. South Korean equities outperformed on selective buying in large-cap technology names. The Nikkei 225 fell -1.0%, the Hang Seng declined -1.1%, the SHCOMP slipped -0.1%, and the KOSPI gained 0.3%.