Tadawul Review:

Tadawul All Share Index (TASI) fell for the fourth consecutive ‎day on Monday, losing 34 points (0.3%) to close at 11,405. ‎The index opened 5 points lower than the previous close and ‎continued to gradually decline throughout the session. ‎Overall, 17 out of 21 sectors closed in the red zone, while 191 ‎shares fell and 50 rose. Banks (-0.2%), Insurance (-1.9%), and ‎Real Estate (-0.9%) sectors contributed the most to the index ‎fall. Stockwise, Alinma Bank (-2.0%), Saudi Awwal Bank (-‎‎2.4%), and Bank AlBilad (-1.7%) were the major contributors. ‎The trading activity witnessed an increase in volume and ‎value of 52% and 31%, respectively, to reach 240mn shares ‎and SAR4.8bn in value traded.‎

 

 

Market Wrap International:

U.S. stocks edged higher on Monday, with the S&P 500 posting a modest gain as Treasury yields eased from earlier highs. Investors largely shrugged off Moody’s downgrade of the U.S. credit rating and concerns over a tax bill that could worsen the fiscal outlook. Health care, consumer staples, and industrials led sector gains, rising 0.96%, 0.42%, and 0.38% respectively. The Nasdaq climbed by 0.02%, the S&P 500 rose by 0.1%, and the Dow Jones Industrial Average gained by 0.3%.

European stocks ended largely flat on Monday, snapping a five-week winning streak as sentiment was dampened by a surprise U.S. credit rating downgrade. However, upbeat corporate earnings helped offset broader losses. Gains in defensive sectors like aerospace and defense provided some support, while investors weighed ongoing macroeconomic uncertainty and potential shifts in ECB policy and Eurozone fiscal strategies. The Euro STOXX 600 increased by 0.1%, the DAX rose by 0.7%, and the FTSE 100 went up by 0.2%. However, the CAC 40 fell by -0.04%.

Asian stocks declined on Monday alongside the dollar after Moody’s stripped the U.S. of its last gold-standard sovereign rating. The downgrade cited mounting concerns over the country’s expanding debt burden. The SHCOMP slightly advanced by 0.004%. In contrast, the KOSPI fell by -0.9%, the Hang Seng dropped by -0.1%, and the Nikkei 225 declined by -0.7%.