Tadawul Review: ‎

Tadawul All Share Index (TASI) fell on Monday, dropping 77 points (-0.74%) to close at 10,283.96. The index opened below its previous close, but it recovered some losses before the close; however, it still ended in the red zone. Overall, 19 out of 21 sectors closed in the red zone, and 55 shares rose while 203 fell. Banks (-0.8%), Materials (-0.9%), and Telecommunication Services (-1.4%) sectors contributed the most to the index decline. Stockwise, Alrajhi (-0.6%), SNB (-1.2%), and Maaden (-1.1%) were the major contributors to the index decline. The trading activity witnessed an increase in volume and value of +19% and +30%, respectively, to reach 196mn shares and SAR 3.5bn in value traded.

 

 

Market Wrap International:

 U.S. equities ended mixed as investors assessed growing concerns over AI-related valuations and technology-sector competition ahead of the earnings season, while energy shares provided support amid elevated oil prices and Middle East tensions. Communication services and energy stocks helped offset losses in semiconductor shares, as investors awaited inflation data for further guidance on monetary policy. The S&P 500 declined 0.1%, the Dow Jones Industrial Average gained 0.4%, and the NASDAQ fell 0.4%.

European equities ended higher as strength in banking and healthcare-related shares supported regional markets, while investors weighed elevated oil prices and prepared for corporate earnings and key economic releases. Financial stocks helped offset energy-cost concerns, and easing eurozone bond yields provided some support, although weaker luxury-sector demand and Middle East tensions remained in focus. The FTSE 100 rose 1.0%, the DAX gained 0.8%, the CAC 40 advanced 0.4%, and the EURO STOXX 600 increased 0.6%.

Asian markets are trading under pressure as concerns over AI-sector valuations and intensifying semiconductor competition weigh on technology shares, while investors monitor U.S. inflation data, corporate earnings and Middle East tensions. South Korean chipmakers have come under particular pressure, contributing to broader regional weakness, while Chinese and Hong Kong equities have shown mixed performance. The Shanghai Composite declined 0.4%, the KOSPI fell 3.6%, and the Hang Seng gained 0.2%; the Nikkei 225 is listed as closed.