Tadawul Review: Tadawul All Share Index (TASI) fell on Sunday, dropping 28 points (-0.25%) to close at 10,967.94. The index opened 1 point below its previous close, but it recovered some losses before the close; however, it still ended in the red zone. Overall, 14 out of 21 sectors closed in the red zone, and 77 shares rose while 179 fell. Materials (-1.7%), Banks (-0.1%), and Health Care Equipment & Services (-0.5%) sectors contributed the most to the index decline. Stockwise, Maaden (-2.3%), Sabic (-2.5%), and Sabic AGRI-Nutrients (-1.8%) were the major contributors to the index decline. The trading activity witnessed a decrease in volume and value of -42% and -46%, respectively, to reach 159mn shares and SAR 2.9bn in value traded.
Market Wrap International:
U.S. equities ended lower on Friday as rising Treasury yields, persistent inflation concerns, and higher oil prices weighed on technology and other growth shares following recent record highs. Sentiment was also pressured by uncertainty surrounding Middle East tensions and concerns that prolonged energy supply disruptions could complicate the Federal Reserve’s policy outlook, while defensive positioning strengthened into the close. European markets largely followed Wall Street’s softer tone as higher global bond yields and energy-related inflation concerns pressured broader risk appetite, although energy and defensive sectors provided selective support amid continued uncertainty over growth and monetary policy expectations. Asian markets began the week under pressure as rising oil prices, higher global yields, and renewed inflation concerns weighed on regional sentiment, with export-oriented and technology shares leading declines while investors also monitored the implications of Middle East tensions for global trade flows.