Tadawul Review:

Tadawul All Share Index (TASI) fell on Sunday, ‎dropping 120 points (-1%) to close at 11,536. The index ‎opened 39 points below its previous close, briefly ‎rebounded into positive territory, but soon reversed ‎course, erasing most of its gains. It later recovered part ‎of the shortfall, but the decline returned and persisted ‎until the close. Overall, 19 out of 21 sectors closed in ‎the red zone, while 191 shares fell and 66 rose. Banks (-‎‎1.6%), Materials (-1.4%), and Energy (-1.0%) sectors ‎contributed the most to the index fall. Stockwise, Al ‎Rajhi Bank (-2.5%), Aramco (-1.0%), and Maaden (-2.3%) ‎were the major contributors. The trading activity ‎witnessed a decrease in volume and value of -17% and -‎‎44%, respectively, to reach 260mn shares and SAR4.4bn ‎in value traded.‎

 

 

Market Wrap International:

Global equities advanced modestly last week as strong U.S. technology earnings and easing Treasury yields lifted sentiment, while the Federal Reserve’s cautious stance kept optimism in check. In the U.S., resilient corporate results reinforced confidence in growth despite uncertainty over rate cuts. European markets were supported by softer inflation and solid earnings but constrained by fiscal concerns and a restrained ECB outlook. In Asia, hopes of Chinese policy support, a weaker dollar, and improving trade data buoyed sentiment, though foreign outflows and currency pressures tempered gains.