Tadawul Review: ‎

Tadawul All Share Index (TASI) fell on Monday, ‎dropping 17 points (-0.16%) to close at 10,801.71. The ‎index opened 7 points above its previous close, but it ‎recovered some losses before the close; however, it ‎still ended in the red zone. Overall, 12 out of 21 ‎sectors closed in the red zone, and 129 shares rose ‎while 128 fell. Energy (-1.0%), Utilities (-1.0%), and ‎Capital Goods (-1.8%) sectors contributed the most to ‎the index decline. Stockwise, Saudi Aramco (-1.0%), ‎Maaden (-1.5%), and ACWA Power (-0.8%) were the ‎major contributors to the index decline. The trading ‎activity witnessed an increase in ‎volume ‎‎and value of ‎‎59% and 82%, respectively, to ‎reach 201mn ‎shares and ‎SAR 4.0bn in value traded.‎

 

 

Market Wrap International:

 U.S. equities ended lower as a surge in oil prices and renewed tensions in the Middle East fueled concerns that inflation could remain elevated, while a sharp selloff in semiconductor and artificial intelligence-linked shares weighed heavily on technology stocks. Investors also turned cautious ahead of a busy week of inflation data, Federal Reserve commentary, and the start of the second-quarter earnings season. Energy stocks outperformed on the back of higher crude prices, but weakness across the technology sector drove the broader market lower. The S&P 500 fell -0.8%, the Dow Jones Industrial Average declined -0.3%, and the NASDAQ dropped -1.6%.

European equities ended mixed as investors balanced support from energy shares against lingering concerns over higher oil prices and their implications for inflation and monetary policy. Defensive sectors and energy stocks provided some resilience, while technology shares remained under pressure following weakness in U.S. markets. Trading activity was relatively subdued as investors awaited additional economic data and corporate earnings for clearer direction. The FTSE 100 edged higher by 0.01%, the DAX gained 0.2%, the CAC 40 rose 0.3%, while the EURO STOXX 600 slipped -0.01%.

Asian markets are trading mixed as investors continue to assess the implications of higher energy prices and softer global risk sentiment, while technology and export-oriented sectors remain under pressure. South Korean equities led regional declines after heavy selling in semiconductor and technology stocks, while Chinese shares weakened amid concerns over domestic growth momentum. Hong Kong outperformed the region, supported by selective buying in large-cap technology names. The Shanghai Composite declined -2.1%, the KOSPI dropped -8.9%, the Nikkei 225 fell -1.9%, while the Hang Seng advanced 0.2%.