Tadawul Review: ‎

Tadawul All Share Index (TASI) fell on Monday, ‎dropping 26 points (-0.25%) to close at 10,479.78. The ‎index opened 38 points below its previous close, but it ‎recovered some losses before the close; however, it still ‎ended in the red zone. Overall, 5 out of 21 sectors ‎closed in the red zone, and 162 shares rose while 93 ‎fell. Banks (-1.8%), Financial Services (-0.6%), and Real ‎Estate Management & Development (-0.1%) sectors ‎contributed the most to the index decline. Stockwise, ‎Alrajhi (-1.5%), SNB (-2.8%), and BSF (-2.8%) were the ‎major contributors to the index decline. The trading ‎activity witnessed an increase in volume and value of ‎‎+66% and +58%, respectively, to reach 181mn shares ‎and SAR 3.6bn in value traded.‎

 

Market Wrap International:  

U.S. equities ended higher as continued strength in megacap technology shares, particularly Nvidia, Meta and Microsoft, supported risk appetite despite Treasury yields remaining near multiyear highs. Investors also continued to assess the implications of softer labor-market data for Federal Reserve policy, while easing oil prices provided additional support ahead of the upcoming earnings season. The S&P 500 gained 0.7%, the Dow Jones Industrial Average rose 0.2%, and the NASDAQ advanced 1.1% to a record high.

European equities ended mostly higher as improved global risk sentiment and gains in banking stocks supported broader markets, although French equities remained under pressure from renewed fiscal concerns. The CAC 40 fell as Schneider Electric declined following its acquisition of U.S. software company PTC, while the FTSE 100 and DAX were supported by broader market strength. The FTSE 100 gained 0.3%, the DAX rose 0.1%, the CAC 40 declined 0.8%, and the EURO STOXX 600 advanced 0.4%.

Asian markets are trading higher overall, supported by the record close on the NASDAQ and continued strength in technology and artificial-intelligence related shares, while lower oil prices provided additional support to regional risk sentiment. Japan led gains, with technology and export-oriented shares benefiting from the stronger global tech tone, while Hong Kong also advanced as AI-related stocks offset weakness in property shares; mainland China and South Korea remained closed for holidays. The Nikkei 225 gained 2.4%, the Hang Seng rose 0.3%, while the SHCOMP and KOSPI were closed.