Tadawul All Share Index (TASI) rose on Monday, gaining 323 points (+3.43%) to close at 9,761.78. The index opened 153 points above its previous close, but before closing it faced selling pressure, yet remained in the green zone. Overall, 21 out of 21 sectors closed in the green zone, and 255 shares rose while 8 fell. Banks (+2.8%), Materials (+5.2%), and Energy (+1.7%) sectors contributed the most to the index rise. Stockwise, Alrajhi (+2.0%), Maaden (+7.3%), and Saudi Aramco (+1.7%) were the major contributors to the index rise. The trading activity witnessed an increase in volume and value of +1% and +20%, respectively, to reach 342mn shares and SAR 5.2bn in value traded.
Market Wrap International:
U.S. equities ended higher as improving sentiment toward artificial intelligence investments supported technology shares, while investors positioned ahead of major corporate earnings and the Federal Reserve’s upcoming interest-rate decision. Semiconductor-related stocks helped lift NASDAQ, although concerns about the cost and profitability of AI infrastructure continued to influence valuations. The S&P 500 gained 0.7%, the Dow Jones Industrial Average advanced 0.3%, and the NASDAQ rose 0.8%.
European equities ended higher as easing oil prices and improved corporate updates supported risk appetite, while stronger-than-expected German business sentiment provided additional support. Industrial, banking, travel and leisure shares contributed to the advance, with investors also assessing the implications of upcoming European Central Bank and Federal Reserve policy decisions. The FTSE 100 gained 0.7%, the DAX advanced 0.9%, the CAC 40 rose 0.8%, and the EURO STOXX 600 increased 0.8%.
Asian markets ended mixed as concerns over the returns from artificial intelligence investments weighed on technology shares in South Korea and Japan, while Hong Kong and mainland Chinese equities posted modest gains. Investors remained cautious ahead of major technology earnings and central-bank decisions, with weakness in semiconductor-related stocks pressuring the KOSPI and Nikkei 225. The Shanghai Composite gained 0.2%, the KOSPI declined 1.5%, the Nikkei 225 fell 0.8%, and the Hang Seng advanced 0.5%.