Tadawul Review:

Tadawul All Share Index (TASI) fell on Sunday, dropping 233 points (-2.18%) to close at 10,476. The index opened 514 points below its previous close, but it recovered some losses before the close; however, it still ended in the red zone. Overall, 19 out of 21 sectors closed in the red zone, and 14 shares rose while 251 fell. Software & Services (-7.3%), Media and Entertainment (-6.2%), and Utilities (-5.2%) sectors contributed the most to the index decline. Stockwise, Alrajhi (-3.4%), SNB (-4.3%), and ACWA Power (-5.6%) were the major contributors to the index decline. The trading activity witnessed a decrease in volume and value of +5% and +19%, respectively, to reach 257mn shares and SAR 5.4bn in value traded.

 

 

Market Wrap International: 

Major markets finished mixed at the latest close as renewed ‎geopolitical tensions and firmer energy prices tempered overall ‎risk appetite while preventing a broader pullback. U.S. equities ‎ended lower, pressured by weakness in technology and other ‎growth-oriented sectors, while energy shares provided relative ‎support amid the rise in crude prices and a cautious tone across ‎cyclicals. European equities ended with a more resilient ‎performance, supported by strength in energy and selective ‎financials even as exporters and industrial names reflected the ‎softer global backdrop. Asian markets closed with uneven moves, ‎with gains in energy-linked and defensive shares offsetting ‎pressure in export-oriented sectors as investors reacted to Wall ‎Street’s tone and ongoing regional developments.‎