Tadawul Review: ‎

Tadawul All Share Index (TASI) fell on Monday, dropping 44 points (-0.40%) to close at 11,024.73. The index opened 12 points above its previous close, but it recovered some losses before the close; however, it still ended in the red zone. Overall, 16 out of 21 sectors closed in the red zone, and 70 shares rose while 188 fell. Banks (-0.5%), Materials (-0.7%), and Telecommunication Services (-0.7%) sectors contributed the most to the index decline. Stockwise, Alrajhi (-0.4%), SNB (-0.6%), and Maaden (-0.8%) were the major contributors to the index decline. The trading activity witnessed an increase in volume and value of +22% and +15%, respectively, to reach 196mn shares and SAR 3.4bn in value traded.

Market Wrap International:  

U.S. equities ended with no cash-market session as Wall Street remained closed for the Labor Day holiday, leaving investors focused on the implications of the stronger August employment report, which lifted Treasury yields and increased expectations for a Federal Reserve rate hike. Attention remained on upcoming U.S. inflation data for further signals on the policy path, while higher oil prices and Middle East tensions added to inflation and risk-appetite concerns.

European equities ended mixed as rising oil prices intensified inflation concerns and reinforced expectations for tighter monetary policy, while resilient euro-zone growth provided some support. Energy shares gained as Brent crude approached $100 a barrel, partly offsetting weakness elsewhere, while investors also monitored political developments in Germany and expectations for an ECB rate increase. The FTSE 100 declined –0.1 %, the DAX fell –0.2 %, the CAC 40 gained 0.3 %, and the EURO STOXX 600 was broadly unchanged at 0.003 %.

Asian markets are trading higher across Japan and South Korea, with semiconductor shares leading gains as investors maintained a positive view on artificial-intelligence-related chip demand, while stronger Chinese export data supported sentiment in mainland China. The stronger yen and elevated oil prices limited the broader risk-on tone, while Hong Kong underperformed amid weakness in selected technology names. The KOSPI gained 4.6 %, the Nikkei 225 rose 2.1 %, the Shanghai Composite advanced 0.1 %, while the Hang Seng declined –0.9 %.