Tadawul Review: ‎

Tadawul All Share Index (TASI) fell on Sunday, ‎dropping 16 points (-0.15%) to close at 10,360.74. The ‎index opened 83 points below its previous close, but it ‎recovered some losses before the close; however, it still ‎ended in the red zone. Overall, 11 out of 21 sectors ‎closed in the red zone, and 106 shares rose while 149 ‎fell. Banks (-0.2%), Telecommunication Services (-0.5%), ‎and Food & Beverages (-0.9%) sectors contributed the ‎most to the index decline. Stockwise, SNB (-1.1%), ANB ‎‎(-3.3%), and Almarai (-1.3%) were the major ‎contributors to the index decline. The trading activity ‎witnessed a decrease in volume and value of -26% and -‎‎39%, respectively, to reach 164mn shares and SAR 2.7bn ‎in value traded.‎

 

 

Market Wrap International:  

U.S. equities ended higher as investors positioned for the start of the third-quarter earnings season and upcoming inflation data, while elevated Treasury yields and oil prices continued to weigh on risk appetite. Technology shares supported the broader market, although telecommunications stocks remained under pressure amid concerns over competition from satellite-based mobile services. Major markets in Europe also advanced, supported by improved global sentiment and easing oil-price concerns, while French fiscal uncertainty continued to weigh on sentiment and telecommunications shares faced similar competitive pressures. Across Asia, the previous session delivered mixed performances as investors balanced improved global equity sentiment against persistent energy costs and concerns over technology valuations; Hong Kong shares advanced, Japan’s market edged lower, and mainland Chinese equities were little changed, while South Korea’s market remained closed for a public holiday.