Tadawul Review:

Tadawul All Share Index (TASI) fell on Monday, losing -16 ‎points (-0.1%) to close at the 12,053 level. The pened 27 ‎points higher than the previous closing level, then the index ‎faced selling pressure, and started to gradually decline ‎throughout the end of the session. In general, 11 out of 21 ‎sectors closed in the red zone, and 111 shares fell while 106 ‎rose. Banks (-0.5%), Health care equipment and services (-‎‎1.3%), and Insurance (-0.9%) sectors contributed the most to ‎the index fall. Stockwise, Saudi National Bank (-2.0%), ‎Sulaiman Al Habib (-1.8%), and Alinma Bank (-1.4%) were ‎the major contributors. The trading activity witnessed a huge ‎decrease in volume by -36% and a decrease in value by -1%, ‎to reach 585Mn shares and SAR5.42bn in value traded.‎

 

 

Market Wrap International: 

Global equities soared on Monday, kicking off a week packed with earnings reports from Wall Street's "Magnificent Seven." The yen weakened following a Japanese election that plunged the country into political instability. In the U.S. markets, the S&P 500 advanced by 0.3%, the Nasdaq Composite rose by 0.3 %, and the Dow Jones Industrial Average increased by 0.6%.

In Europe, stocks experienced slight gains as investors braced for key economic data and earnings from major U.S. companies. The CAC 40 advanced by 0.8%, DAX increased by 0.3%, and the FTSE 100 rose by 0.4%, indicating a generally positive trend across European markets.

Asian markets also reacted to the political turmoil in Japan, with posative results. The Hang Seng up by 0.04%, the NIKKEI 225 increased by 1.8%, and the KOSPI increased by 1.1%.