Tadawul Review:

Tadawul All Share Index (TASI) fell on Sunday, dropping 26 points (-0.23%) to close at 10,907.67. The index opened 3 points above 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 92 shares rose while 164 fell. Banks (-0.5%), Utilities (-2.4%), and Telecommunication Services (-0.8%) sectors contributed the most to the index decline. Stockwise, ACWA Power (-3.0%), SNB (-1.2%), and RIBL (-1.4%) were the major contributors to the index decline. The trading activity witnessed a decrease in volume and value of -30% and -41%, respectively, to reach 146mn shares and SAR 2.5bn in value traded.

 

 

Market Wrap International:  

U.S. equities ended slightly lower as investors continued to rotate out of technology and semiconductor shares, with concerns over elevated artificial intelligence-related valuations outweighing support from defensive sectors. Expectations that U.S. interest rates could remain higher for longer, together with easing oil prices, kept sentiment cautious, while healthcare and real estate stocks provided limited support against weakness in technology, industrials, and energy. Major markets finished the week on a restrained note as investors shifted their focus toward upcoming U.S. economic data and its implications for Federal Reserve policy. Continuing the global tone, European major markets also ended lower as technology shares tracked Wall Street's weakness, while softer oil prices weighed on energy stocks despite some resilience in defensive sectors. Investors remained cautious ahead of key euro area economic data and central bank commentary, with broader sentiment reflecting concerns over technology valuations and the global interest-rate outlook. The last completed Asian session also finished broadly weaker, led by declines in Japan and South Korea as investors locked in gains from recent artificial intelligence-driven rallies and reduced exposure to semiconductor shares. A firmer U.S. dollar, persistent expectations for higher U.S. interest rates, and easing concerns over oil supply disruptions encouraged a more defensive tone across regional markets, while Chinese equities proved comparatively resilient but were unable to offset broader weakness across the region.