Tadawul Review:

Tadawul All Share Index (TASI) fell on Monday, ‎dropping 46 points (-0.4%) to close at 11,645. The index ‎opened 12 points above its previous close but gradually ‎declined until the end of the session. Overall, 17 out of ‎‎21 sectors closed in the red zone, while 193 shares fell ‎and 60 rose. Utilities (-2.8%), Real Estate (-1.5%), and ‎Energy (-0.4%) sectors contributed the most to the ‎index fall. Stockwise, ACWA Power (-3.7%), Aramco (-‎‎0.4%), and Saudi Telecom (-1.3%) were the major ‎contributors. The trading activity witnessed an increase ‎in volume and value of 19% and 26%, respectively, to ‎reach 227mn shares and SAR5.3bn in value traded.‎

 

 

Market Wrap International:

U.S. stocks rallied strongly as optimism over easing U.S.–China trade tensions and upbeat corporate earnings lifted sentiment. A robust rebound in technology led gains, with Apple and other megacaps driving the Nasdaq higher, while expectations for a potential Fed rate cut added further support. The S&P 500 and Dow Jones each advanced 1.1%, and the Nasdaq Composite gained 1.4%.

European markets followed Wall Street higher, boosted by strength in industrial and mining shares amid improved global risk appetite. Softer inflation data helped temper bond yields and reinforced hopes that the European Central Bank may extend its accommodative stance. The FTSE 100 rose 0.5%, the DAX 1.8%, the CAC 0.4%, and the EURO STOXX 600 1.0%.

Asian equities surged, led by Japan, as investors cheered a weaker yen, political continuity prospects, and a global rally in tech. The Nikkei 225 jumped 3.4%, reaching fresh multi-decade highs, while South Korea’s KOSPI climbed 1.8% and Hong Kong’s Hang Seng Index advanced 2.4%. Mainland China’s SHCOMP also added 0.6%, supported by signs of modest domestic demand recovery.