Tadawul All Share Index (TASI) fell on Monday, dropping 9 points (-0.08%) to close at 11,262.62. The index opened 2 points above its previous close, but it recovered some losses before the close; however, it still ended in the red zone. Overall, 16 out of 21 sectors closed in the red zone, and 100 shares rose while 156 fell. Banks (-0.1%), Food & Beverages (-1.3%), and Telecommunication Services (-0.6%) sectors contributed the most to the index decline. Stockwise, RIBL (-26.3%), SNB (-0.7%), and ACWA Power (-1.2%) were the major contributors to the index decline. The trading activity witnessed a decrease in volume of -3% to reach 254mn shares, while value witnessed an increase of +5% to reach 4.8 in value traded.
Market Wrap International:
U.S. equities ended higher as cautious optimism around potential progress in Middle East negotiations supported sentiment, while investors balanced persistent inflation signals and firm economic data that reinforced a steady Federal Reserve policy outlook. Gains were led by technology and communication services, extending a recent recovery trend, even as rising input costs and supply chain pressures pointed to underlying inflation risks. The NASDAQ rose 0.5%, the S&P 500 advanced 0.4%, and the Dow Jones Industrial Average gained 0.4%.
European equities ended closed due to a public holiday across major regional markets, including the UK and core eurozone exchanges, which limited liquidity and paused price discovery following recent global market movements. The closure left European investors absorbing prior gains in U.S. equities and ongoing developments in energy markets and geopolitical conditions, with expectations that reopening flows could reflect a delayed adjustment to global risk sentiment, particularly in cyclical and energy-linked sectors.
Asian markets are trading with a mixed but generally firmer tone, supported by improved global risk sentiment following Wall Street gains and continued monitoring of energy prices and regional currency movements. Strength was led by South Korea’s technology-heavy market and Japan’s exporters, while mainland China and Hong Kong remained closed. The KOSPI gained 1.4% and the Nikkei 225 advanced 0.5%, while the SHCOMP and Hang Seng were closed.