Tadawul Review:

Tadawul All Share Index (TASI) fell on Sunday, dropping 79 ‎points (-0.7%) to close at 11,230. The index opened 36 points ‎below its previous close, experienced minor fluctuations, and ‎then gradually declined until the end of the session. Overall, 11 out of 21 sectors closed in the red zone, while 118 shares ‎fell and 125 rose. Banks (-2.0%), Utilities (-1.0%), and ‎Materials (-0.4%) sectors contributed the most to the index ‎fall. Stockwise, Al Rajhi Bank (-3.2%), Saudi National Bank (-‎‎2.7%), and ACWA Power (-1.6%) were the major ‎contributors. The trading activity witnessed a decrease in ‎volume and value of -52% and -67%, respectively, to reach ‎‎256mn shares and SAR4.8bn in value traded.‎

 

 

Market Wrap International:

Global markets closed last week higher after the Federal Reserve delivered its first rate cut of the year, boosting risk appetite and sending U.S. benchmarks to record levels led by technology and growth shares, though the Fed’s cautious tone kept inflation and labor concerns in focus. European equities tracked the U.S. momentum but gains were capped by lingering cost pressures and fiscal worries. In Asia, markets lost ground as renewed foreign outflows, trade tensions, and currency weakness weighed on sentiment, leaving the SHCOMP, Kospi, Nikkei, and Hang Seng all lower to close the week.