Tadawul Review: ‎

Tadawul All Share Index (TASI) fell on Sunday, ‎dropping 3 points (-0.03%) to close at 10,716.82. The ‎index opened 6 points below its previous close, but it ‎recovered some losses before the close; however, it still ‎ended in the red zone. Overall, 16 out of 21 sectors ‎closed in the red zone, and 65 shares rose while 190 ‎fell. Utilities (-1.3%), Food & Beverages (-1.6%), and ‎Consumer Discretionary Distribution & Retail (-2.1%) ‎sectors contributed the most to the index decline. ‎Stockwise, Almarai (-1.7%), ACWA Power (-0.8%), and ‎Jarir (-2.9%) were the major contributors to the index ‎decline. The trading activity witnessed a decrease in ‎volume and value of -20% and -29%, respectively, to ‎reach 131mn shares and SAR 2.4bn in value traded.‎

 

 

Market Wrap International:  

U.S. equities ended lower at the close of last week as investors ‎continued to reduce exposure to large-cap technology and ‎semiconductor stocks amid concerns over elevated artificial ‎intelligence valuations, while higher oil prices linked to Middle ‎East tensions reinforced inflation worries and encouraged a more ‎cautious risk backdrop. The weakness in technology weighed on ‎broader sentiment despite resilient corporate earnings ‎expectations and relatively stable economic data. That cautious ‎tone carried into Europe, where major markets also drifted lower ‎as technology shares underperformed and investors balanced ‎stronger company results against higher energy prices, ‎geopolitical uncertainty, and a cautious stance ahead of this ‎week's European Central Bank meeting. In Asia, the final trading ‎session of last week reflected the same risk-off environment, with ‎semiconductor and export-oriented technology stocks leading ‎declines across the region as investors reassessed AI-related ‎valuations, while elevated oil prices and geopolitical ‎developments further dampened sentiment, although several ‎markets were supported by rotation into more defensive sectors.‎