Tadawul Review:

Tadawul All Share Index (TASI) fell on Sunday, dropping 14 points (-0.13%) to close at 11,076.40. The index opened 5 points above its previous close, but it recovered some losses before the close; however, it still ended in the red zone. Overall, 6 out of 21 sectors closed in the red zone, and 148 shares rose while 107 fell. Banks (-0.8%), Real Estate Management & Development (-0.1%), and Consumer Discretionary Distribution & Retail (-0.1%) sectors contributed the most to the index decline. Stockwise, SNB (-1.9%), Maaden (-1.2%), and SAB (-2.2%) were the major contributors to the index decline. The trading activity witnessed a decrease in volume and value of -24% and -32%, respectively, to reach 200mn shares and SAR 3.7bn in value traded.

 

 

Market Wrap International:

U.S. equities ended lower as the surge in oil prices driven by ‎escalating Middle East tensions reinforced inflation concerns and ‎pushed Treasury yields higher, prompting a rotation away from ‎technology and other growth sectors while energy stocks offered ‎only limited support; major markets finished lower as investors ‎reassessed the Federal Reserve policy outlook under a more ‎uncertain inflation backdrop. European equities ended lower, ‎tracking the weaker global tone as elevated energy prices and ‎persistent geopolitical uncertainty weighed on sentiment and ‎kept pressure on cyclical sectors, while defensive names provided ‎only modest stability amid cautious positioning; major markets ‎finished lower. Asian markets ended lower as higher oil prices ‎and sustained Middle East tensions continued to pressure ‎regional risk appetite, with export-oriented sectors, particularly ‎technology, underperforming as investors reacted to the ‎implications for inflation and growth; major markets finished ‎lower.‎