Tadawul All Share Index (TASI) fell on Sunday, dropping 90 points (-0.78%) to close at 11,464.54. The index opened 7 points below its previous close, but it recovered some losses before the close; however, it still ended in the red zone. Overall, 15 out of 21 sectors closed in the red zone, and 89 shares rose while 172 fell. Banks (-1.1%), Energy (-1.2%), and Materials (-0.8%) sectors contributed the most to the index decline. Stockwise, Saudi Aramco (-1.2%), Alrajhi (-0.7%), and SNB (-1.4%) were the major contributors to the index decline. The trading activity witnessed a decrease in volume and value of -24% and -23%, respectively, to reach 253mn shares and SAR 4.9bn in value traded.
Market Wrap International:
U.S. equities ended at elevated levels as continued optimism around corporate earnings and resilient risk appetite supported major benchmarks, even as investors monitored renewed uncertainty around Middle East tensions and firmer energy prices. Strength in technology and growth-oriented sectors underpinned the move, while positioning remained constructive following a sharp rebound to record highs in recent sessions. The tone was supported by expectations of solid earnings growth and steady economic momentum, with major markets finishing higher into the end of the week.
European markets ended with a more measured tone, broadly reflecting the constructive lead from Wall Street but tempered by sensitivity to energy price movements and regional growth concerns. Investor positioning remained selective, with cyclicals and financials showing mixed performance as the outlook for the region continued to lag that of the U.S., while ongoing Middle East developments kept risk sentiment cautious. The overall backdrop remained supported by easing geopolitical concerns relative to prior weeks, even as underlying macro uncertainty persisted.
Asian markets are trading with a relatively steady to firmer tone, drawing support from the positive global equity backdrop and continued investor engagement in export-oriented and technology sectors. Regional sentiment has been influenced by evolving developments around Middle East tensions and commodity price movements, though gains have been uneven across markets. Broader risk appetite has remained intact, with major markets finishing mixed to slightly higher as investors balanced geopolitical headlines with underlying economic resilience.