Tadawul All Share Index (TASI) rose on Monday, gaining 37 points (+0.34%) to close at 10,984.06. The index opened 19 points above its previous close, but before closing it faced selling pressure, yet remained in the green zone. Overall, the session saw mixed performance across sectors and stocks. Banks (1.1%), energy (1.0%), Materials (0.5%) sectors contributed the most to the index rise. Stockwise, Al Rajhi Bank (+1.3%), Aramco (+1.1%), Saudi National Bank (+1.0%) were the major contributors to the index rise. The trading activity witnessed a decrease in volume and value of -4% and -9%, respectively, to reach 245mn shares and SAR 4.4bn in value traded.
Market Wrap International:
U.S. equities ended lower as renewed uncertainty over global trade policy and lingering concerns about the impact of artificial-intelligence-related sector disruption pressured markets, prompting broad risk-off flows. The S&P 500 declined by -1.0%, the Dow Jones Industrial Average fell by -1.7% and the NASDAQ Composite slipped -1.1% on the session, with investors reacting to fresh tariff announcements and repricing expectations for earnings and macro momentum ahead. Markets also saw weakness in tech and software names as traders digested these policy risks alongside mixed economic signals.
European equities ended lower, tracking Wall Street’s retreat amid heightened uncertainty over U.S. trade policy after new blanket tariffs were announced, which weighed on investor sentiment and cross-border trade expectations. Major bourses broadly underperformed, with the FTSE 100 essentially flat at -0.02%, Germany’s DAX down -1.1%, France’s CAC 40 off -0.2% and the pan-European EURO STOXX 600 easing -0.5%, as exporters and cyclicals lagged amid risk aversion. Trading reflected cautious positioning into key data and geopolitical developments, particularly around tariff talks and corporate earnings.
Asian markets are trading mixed to higher, with risk appetite showing some resilience relative to the sharp sell-off in the U.S. overnight as investors in the region respond to reopening and local dynamics. South Korea’s KOSPI has gained +0.6% while Hong Kong’s Hang Seng is up +2.5%, supported by broader regional flows into equities that are less exposed to U.S.-centric tech headwinds; markets like the Shanghai Composite and Tokyo’s Nikkei 225 were closed for holidays.