Tadawul Review: ‎

Tadawul All Share Index (TASI) rose on Sunday, gaining 83 points (+0.82%) to close at 10,189.77. The index opened 16 points above its previous close, but before closing it faced selling pressure, yet remained in the green zone. Overall, 18 out of 21 sectors closed in the green zone, and 197 shares rose while 61 fell. Energy (+2.0%), Materials (+1.4%), and Banks (+0.4%) sectors contributed the most to the index rise. Stockwise, Saudi Aramco (+2.1%), SNB (+1.3%), and ACWA Power (+1.9%) were the major contributors to the index rise. The trading activity witnessed a decrease in volume and value of -39% and -35%, respectively, to reach 159mn shares and SAR 2.4bn in value traded.

 

Market Wrap International:  

U.S. equities ended lower as stronger-than-expected inflation data reinforced concerns over Federal Reserve policy and higher borrowing costs, while scrutiny of artificial-intelligence infrastructure financing added pressure on technology and semiconductor shares. European markets showed greater resilience, with corporate earnings helping offset the global technology selloff and supporting gains across major benchmarks. In Asia, the last completed session saw a recovery in technology and semiconductor shares following the previous selloff, although elevated U.S. Treasury yields, currency pressures and uncertainty surrounding AI-related financing continued to temper risk appetite.