Tadawul Review: ‎

Tadawul All Share Index (TASI) fell on Sunday, ‎dropping 257 points (-2.65%) to close at 9,438.50. The ‎index opened 27 points below its previous close, but it ‎recovered some losses before the close; however, it still ‎ended in the red zone. Overall, 21 out of 21 sectors ‎closed in the red zone, and 8 shares rose while 255 fell. ‎Banks (-2.3%), Materials (-4.0%), and Energy (-1.0%) ‎sectors contributed the most to the index decline. ‎Stockwise, Alrajhi (-2.8%), Maaden (-6.8%), and ACWA ‎Power (-6.0%) were the major contributors to the index ‎decline. The trading activity witnessed a change in ‎volume of 3.1% to reach 340mn shares, while value ‎witnessed a change of -12% to reach 4.3bn in value ‎traded.‎

 

 

 

Market Wrap International:  

U.S. equities ended lower as rising oil prices and Treasury yields reinforced inflation concerns, while uncertainty surrounding artificial intelligence investment weighed on technology sentiment. Semiconductor shares showed signs of stabilization following recent selling, although concerns over elevated valuations and the outlook for interest rates continued to influence investor positioning. European equities followed the weaker global tone as higher energy costs and corporate earnings concerns weighed on risk appetite, with energy shares providing some support while automotive and consumer-related stocks faced pressure. Across Asia, major markets ended mixed in the last completed session, as Chinese equities recovered alongside technology shares, while Japanese stocks remained under pressure from valuation concerns and domestic inflation data; South Korean equities found support from improving semiconductor sentiment.