Tadawul Review:

Tadawul All Share Index (TASI) fell on Monday, ‎dropping 4 points (-0.04%) to close at 11,072.40. The ‎index opened 6 points above its previous close, but it ‎recovered some losses before the close; however, it still ‎ended in the red zone. Overall, 13 out of 21 sectors ‎closed in the red zone, and 135 shares rose while 117 ‎fell. Health Care Equipment & Services (-1.6%), ‎Materials (-0.5%), and Food & Beverages (-0.6%) sectors ‎contributed the most to the index decline. Stockwise, ‎SNB (-0.8%), Sulaiman Alhabib (-2.3%), and Sabic AGRI-‎Nutrients (-2.4%) were the major contributors to the ‎index decline. The trading activity witnessed an ‎increase in volume and value of +8% and +24%, ‎respectively, to reach 180mn shares and SAR 3.5bn in ‎value traded.‎

 

Market Wrap International:  

U.S. equities ended mixed as weakness in technology megacaps weighed on sentiment, with investors reassessing the scale of artificial intelligence spending and its potential returns while also responding to lower oil prices and easing energy supply concerns. Alphabet, Amazon, Meta, Microsoft and SpaceX led declines across the growth segment, while selected semiconductor and data-storage companies outperformed on continued AI-related demand. The S&P 500 declined -0.4%, the NASDAQ dropped -1.3%, while the Dow Jones Industrial Average rose 0.3%.

European equities ended higher as improving sentiment around U.S.-Iran negotiations and lower oil prices supported risk appetite, while investors also welcomed signs of political stability in the UK. Banking shares led gains across the region, supported by strength in major UK lenders, while technology stocks also advanced following positive momentum in semiconductor-related names. The FTSE 100 rose 0.7%, the DAX gained 0.6%, the EURO STOXX 600 advanced 0.6%, while the CAC 40 declined -0.2%.

Asian markets are trading with performance diverging across the region as investors balance stronger Chinese market sentiment against concerns about tighter U.S. monetary policy, currency volatility and weakness in parts of the technology sector. Chinese equities benefited from improving domestic risk appetite, while Japanese shares were supported by resilient economic data and continued interest in export-oriented companies.  The SHCOMP rose 1.8%, the Nikkei 225 gained 1.5%, the KOSPI advanced 0.7%, while the Hang Seng declined -0.7%.