Tadawul All Share Index (TASI) rose on Monday, gaining 11 points (+0.1%) to close at the 11,423 level. TASI started the session negatively, opening with a decline of 19 points and continuing to fall during the first hour, before beginning to rise and ending the session higher. In general, 17 out of 21 sectors closed in the green zone, and 153 shares rose while 84 fell. Materials (+1.8%), Real Estate (+0.6%), and Insurance (+0.9%) sectors contributed the most to the index rise. Stockwise, Maaden (+6.5%), Saudi National Bank (+0.7%), and Mouwasat (+10.0%) were the major contributors. The trading activity witnessed an increase in volume and value of 36% and 48% respectively, to reach 263mn shares and SAR5.2bn in value traded.
Market Wrap International:
U.S. markets closed lower on Monday, ending the S&P 500’s nine-day winning streak, as trade tensions resurfaced following renewed tariff comments from President Donald Trump. Investor sentiment turned cautious, with Energy leading the losses (-2.02%), followed by Consumer Discretionary (-1.32%) and Information Technology (-0.85%). The S&P 500 fell by 0.6%, the Dow Jones Industrial Average slipped 0.2%, and the NASDAQ declined by 0.7%.
European markets ended Monday on a mixed note, with trading volumes thin due to a bank holiday in the U.K. Investors shifted focus to the week ahead, which includes key corporate earnings, economic data, and central bank decisions. Sentiment remained cautious amid speculation over renewed U.S.-China trade negotiations. The STOXX 600 edged up 0.2%, the DAX advanced 1.1%, France’s CAC 40 slipped 0.5%.
Asian markets were mostly closed on Monday due to regional holidays, resulting in light trading activity. Investors remained on the sidelines ahead of key economic data from China and upcoming central bank decisions later in the week.