Tadawul Review:

Tadawul All Share Index (TASI) rose on Sunday, ‎gaining 62 points (+0.57%) to close at 11,104.42. The ‎index opened 49 points above its previous close, but ‎before closing it faced selling pressure, yet remained in ‎the green zone. Overall, 15 out of 21 sectors closed in ‎the green zone, and 198 shares rose while 62 fell. Banks ‎‎(+0.9%), Materials (+1.7%), and Health Care Equipment ‎& Services (+1.8%) sectors contributed the most to the ‎index rise. Stockwise, Maaden (+5.2%), SNB (+1.7%), ‎and RIBL (+1.7%) were the major contributors to the ‎index rise. The trading activity witnessed a decrease in ‎volume and value of -5% and -13%, respectively, to reach ‎‎203mn shares and SAR 4.2bn in value traded.‎

 

 

Market Wrap International:  

U.S. equities ended last week supported by strong investor demand for SpaceX’s record-setting IPO, which reinforced confidence in growth sectors and revived optimism around the broader new-issuance market, while easing oil prices and expectations of reduced Middle East tensions further supported risk appetite. That constructive backdrop extended into Europe, where investors balanced the improving global sentiment against ongoing economic and policy considerations, allowing major markets to finish the week with a firmer tone as technology-related and cyclical sectors benefited from the stronger external environment. In Asia, the final trading session of the week reflected the same improvement in sentiment, with technology and export-oriented shares supported by the positive lead from Wall Street, lower energy prices, and a more favorable global risk backdrop, helping several key regional markets close the week on a stronger footing.