Tadawul Review: 

The Tadawul All Share Index (TASI) achieved positive performance over the past week, closing on Thursday with an increase of 8 points (0.1%) to close at the 11,792 level. TASI started the session negatively, opening with a fall of -16 points, but then it faced fluctuations in the first hours and in the middle of the session it began to rise until the end of the session. Overall, 11 out of 21 sectors closed in the green zone, while 116 shares fell and 104 rose. Materials (0.5%), Insurance (1.1%), and Real Estate (0.6%) sectors contributed the most to the index rise. Stockwise, Sabic (1.4%), Aramco (0.2%), and Riyad Bank (1.2%) were the major contributors. The trading activity witnessed an increase in volume and value of 4% and 24%, respectively, to reach 219mn shares and SAR6.4bn in value traded.

 

 

 

Market Wrap International:

Investors in the US markets are approaching Friday’s session with cautious optimism amid recent economic updates and corporate earnings reports. Key indicators like employment data and inflation figures will be closely watched, alongside geopolitical developments. Expectations point to moderate volatility as market sentiment balances economic signals with concerns over interest rates and global stability. The Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite each recorded a 0.6% increase.

Europe's primary stock markets continued to gain ground as trading began on Friday, buoyed by optimism over an anticipated interest rate cut in the US slated for September. Major indices including the FTSE 100, Euro STOXX, and CAC 40 posted modest gains of 0.4%, 0.9%, and 1.3%, respectively, driven by upbeat economic data and strong corporate earnings.

 

In Asia, investors are keeping a close watch on how the China Securities Regulatory Commission's decision to tighten rules on short selling and high-frequency trades will affect markets, aiming to prevent improper arbitrage and maintain stability. The major Asian indices exhibited varied performance, with the Hang Seng increased by 2.6%, while the Nikkei 225 fell by -2.5%.