Tadawul Review: ‎

Tadawul All Share Index (TASI) rose on Monday, gaining 14 points (+0.13%) to close at 10,878.46. The index opened 2 points below its previous close, but before closing it faced selling pressure, yet remained in the green zone. Overall, 7 out of 21 sectors closed in the green zone, and 77 shares rose while 180 fell. Banks (+0.9%), Insurance (+1.3%), and Real Estate Management & Development (+0.4%) sectors contributed the most to the index rise. Stockwise, Alrajhi (+1.8%), BSF (+1.4%), and DAR Alarkan (+2.3%) were the major contributors to the index rise. The trading activity witnessed a decrease in volume of -6% to reach 176mn shares, while value witnessed an increase of +9% to reach SAR 4.2bn in value traded.

 

 

Market Wrap International:

U.S. equities ended lower as renewed concerns over the pace of AI investment pressured semiconductor and technology shares, while higher oil prices pushed the 10-year Treasury yield to around 5%, reinforcing expectations of tighter monetary policy. Nvidia and other chipmakers led the technology selloff, although gains in non-AI sectors helped limit the broader decline. The S&P 500 fell –0.5%, the Dow Jones Industrial Average declined –0.3%, and the NASDAQ dropped –0.6%.

European equities ended mixed to lower as the global technology selloff, rising oil prices and higher bond yields weighed on risk appetite ahead of major central-bank decisions. Technology and semiconductor stocks underperformed, while defensive sectors such as healthcare and consumer staples provided support in London, helping the FTSE 100 outperform the broader region. The FTSE 100 gained 0.4%, the DAX fell –0.5%, the CAC 40 declined –0.8%, and the EURO STOXX 600 eased –0.5%.

Asian markets are trading lower overall as the global AI-sector selloff continued to weigh on technology and semiconductor shares, while elevated oil prices and expectations for tighter monetary policy kept risk appetite subdued. South Korean equities were particularly weak as chipmakers came under pressure, while Japanese technology shares also declined; Chinese markets were more resilient, with the Hang Seng gaining while the Shanghai Composite edged lower. The KOSPI fell –3.3%, the Nikkei 225 declined –0.8%, the Shanghai Composite slipped –0.1%, and the Hang Seng gained 0.5%.