Tadawul Review: 

Tadawul All Share Index (TASI) slightly rose on ‎Sunday, gaining 0.2 points (+0.002%) to close at 11,011. ‎The index opened slightly above its previous close, it ‎continued to advance before facing selling pressure and ‎losing most of its gains to close in the green zone. ‎Overall, 8 out of 21 sectors closed in the green zone, ‎and 88 shares rose while 156 fell. Banks (+0.5%), ‎Materials (+0.8%), and Capital goods (+0.8%) sectors ‎contributed the most to the index rise. Stockwise, ‎Maaden (+3.3%), Al Rajhi Bank (+0.7%), and Saudi ‎National Bank (+0.7%) were the major contributors. ‎The trading activity witnessed a decrease in volume and ‎value of -27% and -37%, respectively, to reach 97mn ‎shares and SAR2bn in value traded.‎

 

 

 Market Wrap International: 

U.S. equities ended the week lower as investor hopes for a near-term Federal Reserve rate cut faded. Mixed labour-market data bolstered caution, while strong corporate earnings provided some offset, resulting in an overall cautious tone. In Europe, markets lagged amid continued inflationary pressures, rising global bond yields and a stronger dollar. The European Central Bank reiterated that policy easing is not imminent, reinforcing the cautious sentiment. While Asian markets faced pressure from weak Chinese export and manufacturing data and a weakening Japanese yen, which amplified concerns about growth dynamics and regional fiscal risks.