The Tadawul All Share Index (TASI) fell on Sunday, slipping 127 points (-1.2%) to close at 10,589. The index opened 19 points below its previous close and then declined gradually. After a modest recovery about an hour later, it continued to fall steadily, ending the session in negative territory. In general, 20 out of 21 sectors closed in the red zone, while 232 shares fell and 28 rose. Banks (-1.5%), Materials (-1.6%), and Telecommunication (-1.4%) sectors contributed the most to the index fall. Stockwise, Al Rajhi Bank (-1.3%), Saudi National Bank (-1.8%), and Maaden (-1.9%) were the major contributors. Trading activity witnessed a decrease in both volume and value, with volume falling -11% to 142mn shares and value declining -24% to SAR2.6bn in traded value.
Market Wrap International:
U.S. equities ended the session lower as technology weakness and rising Treasury yields reduced risk appetite and prompted investors to trim positions in growth stocks. European markets also closed in negative territory, pressured by profit-taking and sensitivity to interest-rate expectations. In contrast, Asian markets finished the day broadly higher, with Japan, Hong Kong, South Korea, and China benefiting from regional buying interest and optimism around potential monetary support. Overall, the session reflected a mixed global market tone, with weakness in the U.S. and Europe offset by constructive momentum in Asia.