Tadawul All Share Index (TASI) rose for the fourth day on Monday, gaining 136 points (+1.3%) to close at 10,745. The index opened 13 points above its previous close and continued to gradually increase, ending at its highest point of the session. In general, 21 out of 21 sectors closed in the green zone, and 216 shares rose while 42 fell. Materials (+2.8%), Banks (+0.6%), and Telecommunications (+2.7%) sectors contributed the most to the index rise. Stockwise, Maaden (+4.7%), Saudi National Bank (+1.4%), and Sabic (+4.3%) were the major contributors. The trading activity witnessed an increase in volume and value of 38% and 78%, respectively, to reach 262mn shares and SAR5.1bn in value traded.
Market Wrap International:
U.S. equities ended modestly higher as steady economic data and a stable interest-rate outlook supported risk sentiment, helping markets extend recent gains without aggressive positioning. Technology and cyclical shares provided incremental support, while Treasury yields remained contained, limiting volatility across sectors. The S&P 500 rose 0.2%, the Dow Jones Industrial Average gained 0.2%, and the NASDAQ advanced 0.3%, reflecting a broadly constructive but measured close.
European equities ended slightly firmer, tracking Wall Street’s positive lead while investors assessed regional macro signals and sector performance. Germany’s DAX outperformed with a 0.6% gain, supported by industrial and cyclical names, while the FTSE 100 rose 0.2%. France’s CAC edged lower by -0.04%, but broader sentiment remained supported as the EURO STOXX 600 increased 0.2%, indicating selective strength rather than broad-based momentum.
Asian markets are trading mostly higher, supported by improved risk appetite and strength in Chinese and Hong Kong equities, while Japan’s Nikkei 225 was closed in the previous session. The Shanghai Composite climbed 1.1% and South Korea’s KOSPI gained 0.8%, reflecting renewed interest in regional equities, while Hong Kong’s Hang Seng rose 1.4% on broad-based buying across financial and technology shares.