Tadawul Review: ‎

Tadawul All Share Index (TASI) fell on Sunday, dropping 143 points (-1.30%) to close at 10,864.57. The index opened 50 points below its previous close, but it recovered some losses before the close; however, it still ended in the red zone. Overall, 18 out of 21 sectors closed in the red zone, and 41 shares rose while 219 fell. Banks (-1.1%), Energy (-1.7%), and Materials (-2.1%) sectors contributed the most to the index decline. Stockwise, Saudi Aramco (-1.6%), Alrajhi (-1.2%), and Maaden (-3.2%) were the major contributors to the index decline. The trading activity witnessed an increase in volume of +4% to reach 187mn shares, while value witnessed a decrease of -8% to reach SAR 3.8bn in value traded.

 

 

Market Wrap International:

 U.S. equities ended higher as easing oil prices and a rebound in risk appetite supported Wall Street, while stronger-than-expected inflation data reinforced expectations for a Federal Reserve rate hike and kept Treasury yields elevated. Technology and broader growth shares recovered from earlier pressure, although the prospect of tighter monetary policy continued to limit sentiment. Major U.S. markets finished higher, with the NASDAQ, S&P 500 and Dow Jones Industrial Average all advancing. Europe followed with a modest recovery as lower oil prices eased some immediate inflation pressure, although the European Central Bank’s recent rate hike and signals of further tightening kept bond yields and valuations in focus. Banks and telecommunications shares supported the broader market, while European equities still recorded a weak weekly performance amid persistent energy and inflation concerns. Asian markets are trading lower as renewed oil-supply concerns, rising rate expectations and weakness in AI-related shares weigh on risk appetite.