Tadawul Review: ‎

Tadawul All Share Index (TASI) fell on Sunday, dropping 83 points (-0.84%) to close at 9,838.28. The index opened 12 points below its previous close, but it recovered some losses before the close; however, it still ended in the red zone. Overall, 18 out of 21 sectors closed in the red zone, and 43 shares rose while 220 fell. Materials (-2.3%), Utilities (-3.0%), and Health Care Equipment & Services (-2.7%) sectors contributed the most to the index decline. Stockwise, Maaden (-2.6%), ACWA Power (-3.0%), and Sulaiman Alhabib (-3.4%) were the major contributors to the index decline. The trading activity witnessed a decrease in volume and value of -22% and -23%, respectively, to reach 198mn shares and SAR 3.1bn in value traded.

 

 

 

Market Wrap International: 

U.S. equities ended lower as ‎disappointing results from Intel and ‎Amazon intensified ‎concerns over the cost of artificial intelligence ‎investment ‎and the time required to generate adequate returns. ‎‎Technology and semiconductor shares led the retreat, ‎reflecting ‎increased scrutiny of corporate spending plans ‎and pressure on ‎high-valuation growth stocks, while ‎energy shares offered some ‎support following stronger ‎earnings from major oil producers. ‎The sell-off left the ‎NASDAQ, S&P 500 and Dow Jones Industrial ‎Average ‎lower, with technology stocks bearing the greatest ‎‎pressure. European markets reflected the weaker global ‎‎technology sentiment, as concerns over AI investment ‎returns ‎outweighed resilient corporate earnings and ‎stronger-than-‎expected eurozone economic growth. ‎Technology and ‎semiconductor stocks underperformed, ‎while selected healthcare, ‎energy and consumer ‎companies provided some support ‎through positive ‎earnings updates. The FTSE 100 edged higher, ‎whereas ‎the DAX and EURO STOXX 600 declined and the ‎CAC 40 ‎remained broadly unchanged. Across major Asian ‎‎markets, trading was mixed as investors reassessed ‎technology ‎valuations following disappointing U.S. ‎earnings, placing pressure ‎on semiconductor-related ‎shares in Japan and South Korea. The ‎Bank of Japan ‎maintained its policy rate but signalled continued ‎‎attention to inflation risks, while Hong Kong shares ‎advanced ‎and mainland Chinese equities weakened. The ‎Nikkei 225 and ‎KOSPI declined, while the Hang Seng ‎gained and the Shanghai ‎Composite finished lower, ‎highlighting the uneven impact of ‎global technology ‎concerns across the region.‎