Tadawul Review: ‎

Tadawul All Share Index (TASI) fell on Monday, dropping 68 points (-0.63%) to close at 10,681.82. The index opened 14 points below its previous close, but it recovered some losses before the close; however, it still ended in the red zone. Overall, 18 out of 21 sectors closed in the red zone, and 77 shares rose while 179 fell. Energy (-0.8%), Utilities (-2.7%), and Real Estate Management & Development (-2.0%) sectors contributed the most to the index decline. Stockwise, Saudi Aramco (-0.8%), ACWA Power (-3.4%), and SNB (-0.5%) were the major contributors to the index decline. The trading activity witnessed an increase in volume and value of +33% and +38%, respectively, to reach 198mn shares and SAR 3.6bn in value traded.

 

Market Wrap International:  

U.S. equities ended higher as renewed enthusiasm for artificial-intelligence and semiconductor stocks drove a broad technology-led rally, while lower Treasury yields and a retreat in oil prices eased pressure on equity valuations. Chipmakers led the advance, with AMD, Intel and other AI-linked names gaining strongly, while the decline in crude prices helped improve risk sentiment as investors monitored developments around Middle East talks. The S&P 500 gained 1.5%, the Dow Jones Industrial Average rose 0.7%, and the NASDAQ advanced 2.3%, with the NASDAQ reaching a record closing high.

European equities ended higher as technology and banking stocks led gains, while the fourth consecutive decline in oil prices supported sentiment by easing concerns over inflation and energy costs. Travel stocks also benefited from lower crude prices, while technology shares followed the strong performance of U.S. and global chipmakers; investors continued to monitor monetary-policy risks and developments in the Middle East. The FTSE 100 gained 0.7%, the DAX rose 1.1%, the CAC 40 advanced 0.9%, and the EURO STOXX 600 increased 1.0%.

Asian markets are trading higher as the global technology rally extended into the region, with semiconductor stocks supported by the NASDAQ’s record close and renewed optimism around AI demand. South Korean chipmakers led the regional advance, while Chinese and Hong Kong equities also benefited from strength in technology and property shares and expectations surrounding upcoming U.S.-China discussions; lower oil prices provided additional support to risk sentiment. The SHCOMP is up 1.0%, the KOSPI has gained 1.6%, and the Hang Seng is higher by 1.2%, while Japan’s Nikkei 225 is closed for a market holiday.