Tadawul Review:

Tadawul All Share Index (TASI) fell on Monday, losing 159 points (-1.4%) to close at 10,852. The index opened 11 points below its previous close, then started to gradually decline until the end of the session to close in the red zone. Overall, 19 out of 21 sectors closed in the red zone, and 182 shares fell while 70 rose. Banks (-2.1%), Energy (-1.4%), and Materials (-1.2%) sectors contributed the most to the index fall. Stockwise, Al Rajhi Bank (-2.6%), Aramco (-1.4%), and ACWA Power (-3.6%) were the major contributors. The trading activity witnessed an increase in volume and value of 143% and 262%, respectively, to reach 236mn shares and SAR7.2bn in value traded.

 

 

Market Wrap International:

U.S. equities rallied as strengthening expectations for a December Federal Reserve rate cut boosted risk appetite, aided by a renewed surge in mega-cap technology and AI-linked names. Softer labor-market signals and a pullback in Treasury yields supported the move, helping growth stocks lead the broader advance into the close. The S&P 500 rose 1.5%, the Dow added 0.4%, and the Nasdaq jumped 2.7%.

European markets were more restrained, with investors balancing the global tech-led rebound against still-soft regional growth trends and persistent fiscal uncertainty. Sentiment improved slightly in Germany on selective strength in industrials, but broader catalysts remained limited as policy visibility remains unclear ahead of upcoming data releases. The FTSE 100 slipped -0.1%, the DAX gained 0.6%, the CAC fell -0.3%, and the Euro Stoxx 600 edged up 0.1%.

Asian equities ended mixed as Hong Kong outperformed on renewed interest in technology and improved risk tone following the U.S. rally, while mainland China and Korea saw more muted activity amid ongoing demand concerns and cautious foreign flows. Regional sentiment remains uneven as investors await clearer indicators on China’s recovery trajectory. The SHCOMP ended flat, the Kospi dipped -0.2%, and the Hang Seng advanced 2.0%.