Tadawul Review:

Tadawul All Share Index (TASI) fell slightly on Monday, ‎closing nearly unchanged at 11,244. The index opened ‎‎11 points below its previous close and fluctuated ‎throughout the session, ending very close to its prior ‎level.‎‏ ‏Overall, ‎‏8‏‎ out of 21 sectors closed in the red ‎zone, while ‎‏96‏‎ shares fell and ‎‏158‏‎ rose. Banks (-‎‏1.2‏‎%), ‎Utilities (-‎‏0.4‏‎%), and Telecommunications (-‎‏0.3‏‎%) ‎sectors contributed the most to the index fall. ‎Stockwise, Al Rajhi Bank (-‎‏1.2‏‎%), Saudi National Bank (-‎‏1.1‏‎%), and Saudi Fransi (-‎‏2.0‏‎%) were the major ‎contributors. The trading activity witnessed an increase ‎in volume and value of 25% and 44%, respectively, to ‎reach 197mn shares and SAR4.3bn in value traded.‎

 

Market Wrap International:

U.S. equities advanced sharply as hopes of a resolution to the prolonged government shutdown boosted risk appetite and lifted major benchmarks, led by technology and growth shares. Progress in bipartisan budget talks improved sentiment and eased fears of near-term economic disruption, sending Treasury yields lower and the Nasdaq notably higher. The S&P 500 rose 1.5%, the Dow Jones 0.8%, and the Nasdaq 2.3%.

European markets tracked Wall Street’s momentum, supported by easing fiscal concerns in the U.S. and steady corporate guidance across sectors. The improved global outlook and stable bond yields drove broad-based gains, with the FTSE 100 up 1.1%, DAX 1.7%, CAC 1.3%, and the Euro Stoxx 600 1.4%.

Asian equities joined the rally, buoyed by stronger global sentiment and expectations of continued policy support in China after a mild pickup in consumer inflation. Technology exporters led the advance in South Korea, while Japan and Hong Kong also strengthened on risk-on flows. The Shanghai Composite rose 0.5%, Kospi 3.0%, Nikkei 1.3%, and Hang Seng 1.6%.