Tadawul Review:

Tadawul All Share Index (TASI) rose on Monday, gaining 44 points (+0.41%) to close at 10,973.08. The index opened 36 points below its previous close, but before closing it faced selling pressure, yet remained in the green zone. Overall, 13 out of 21 sectors closed in the green zone, and 96 shares rose while 163 fell. Banks (+0.8%), Energy (+0.6%), and Telecommunication Services (+1.0%) sectors contributed the most to the index rise. Stockwise, SNB (+1.5%), Saudi Aramco (+0.6%), and STC (+1.4%) were the major contributors to the index rise. The trading activity witnessed an increase in volume and value of +45% and +65%, respectively, to reach 269mn shares and SAR 5.7bn in value traded.

 

Market Wrap International:  

U.S. equities ended mixed as technology and semiconductor shares rebounded following the previous session’s selloff, helping improve risk appetite despite persistent concerns that stronger U.S. economic data could keep interest rates elevated for longer. Investor sentiment was also supported by renewed buying in large-cap growth stocks and chipmakers, while gains were more selective across other sectors. The NASDAQ rose 0.9%, the S&P 500 gained 0.3%, and the Dow Jones Industrial Average declined -0.2%.

European equities ended mixed as investors balanced easing concerns around energy prices and geopolitical developments against weaker regional economic data, including softer German industrial orders. Technology-related shares underperformed after recent volatility, while defensive sectors provided some support and helped limit broader market declines. The FTSE 100 gained 0.05%, while the DAX fell -0.6%, the CAC 40 declined -0.2%, and the EURO STOXX 600 slipped -0.1%.

Asian markets ended lower as investors reacted to heightened risk aversion, concerns over the impact of Middle East tensions on energy markets, and expectations that U.S. interest rates could remain higher for longer. Technology and export-oriented sectors came under pressure across the region, with South Korean equities leading declines amid heavy selling in semiconductor stocks. The SHCOMP fell -1.7%, the KOSPI dropped -8.3%, the Nikkei 225 declined -3.8%, and the Hang Seng slipped -1.2%.