Tadawul All Share Index (TASI) rose slightly on Monday, gaining 2 points (+0.02%) to close at 11,271. The index opened 8 points above its previous close. It initially declined sharply, then rebounded for nearly an hour, before fluctuating and closing near its previous level. In general, 11 out of 21 sectors closed in the green zone, and 107 shares rose while 152 fell. Materials (+1.5%), Utilities (+3.0%), and Telecommunications (+0.3%) sectors contributed the most to the index rise. Stockwise, ACWA Power (+3.9%), Maaden (+2.4%), and Sabic Agri-Nutrients (+2.9%) were the major contributors. The trading activity witnessed an increase in volume and value of 14% and 14%, respectively, to reach 245mn shares and SAR5.4bn in value traded.
Market Wrap International:
U.S. equities ended higher as easing Treasury yields and a steadier rate outlook supported risk appetite, with gains led by large-cap technology and selective strength in cyclical sectors. Investor sentiment improved after macro data reinforced expectations that monetary policy remains sufficiently restrictive without tightening further, helping stabilize valuations following recent volatility. The S&P 500 rose 0.5%, the Dow Jones Industrial Average advanced 0.6%, and the NASDAQ gained 0.4%.
European equities ended modestly higher as investors balanced supportive global cues against cautious corporate updates, with defensives and selective industrials providing underlying support while broader risk-taking remained measured. Sentiment was aided by stability in rates markets and a lack of negative macro surprises, even as earnings visibility stayed mixed across sectors. The FTSE 100 increased 0.1%, the DAX rose 0.1%, the CAC slipped -0.1%, and the EURO STOXX 600 advanced 0.2%.
Asian markets ended mixed to lower as weakness in Japanese and South Korean equities weighed on regional sentiment, reflecting pressure on exporters from currency moves and softer global growth signals. Losses in technology and auto-related shares offset resilience in Hong Kong, where selective buying supported benchmarks despite subdued mainland performance. The SHCOMP declined -0.1%, the KOSPI fell -0.8%, the Nikkei 225 dropped -1.8%, while the Hang Seng edged higher by 0.1%.