Tadawul Review:

Tadawul All Share Index (TASI) fell on Monday, ‎dropping 97 points (-0.9%) to close at the 10,497 level. ‎TASI started the session unchanged from the previous ‎close, then declined until it broke the 10,500 level. ‎Overall, 21 out of 21 sectors closed in the red zone, ‎while 198 shares fell and 55 rose. Banks (-0.8%), Energy ‎‎(-0.9%), and Materials (-1.1%) sectors contributed the ‎most to the index fall. Stockwise, Aramco (-0.9%), Al ‎Rajhi Bank (-0.9%), and ACWA Power (-2.3%) were the ‎major contributors. The trading activity witnessed an ‎increase in volume and value of 106% and 86%, ‎respectively, to reach 261mn shares and SAR4.1bn in ‎value traded.‎

 

Market Wrap International:

Global equities advanced on Monday as investors grew more confident in a near-term Federal Reserve rate cut, while stronger corporate and economic signals supported sentiment across regions. In the U.S., gains were steady, with the S&P500 up +0.2%, Dow Jones +0.3%, and Nasdaq +0.5%, led by renewed strength in technology shares.

European markets also closed higher, advancing in tandem with broader global sentiment on the back of solid economic data and easing bond-market pressures. The FTSE 100 added +0.1%, Germany’s DAX gained +0.9% and France’s CAC +0.8%, with the Euro STOXX 600 up +0.5% at around 552, extending its multi-day recovery from recent lows.

 

Asian equities led global momentum, with Japan’s Nikkei 225 surging +1.5% on yen weakness and policy optimism. The Hang Seng rose +0.8% and Shanghai Composite +0.4% on signs of Chinese support measures, while South Korea’s Kospi climbed +0.5% as technology exporters benefited from the global risk-on mood.