Tadawul Review:

Tadawul All Share Index (TASI) declined on Sunday, ‎losing 6 points (-0.05%) to close at 11,691. The index ‎opened unchanged from the previous close. It initially ‎rose about 25 points before giving up some of its gains, ‎then recovered most of the losses for a while, but later ‎faced selling pressure and declined until the end, ‎closing in the red zone. In general, 14 out of 21 sectors ‎closed in the red zone, and 84 shares rose while 168 ‎fell. Banks (-0.3%), Energy (-0.6%), and ‎Telecommunications (-0.6%) sectors contributed the ‎most to the index fall. Stockwise, Aramco (-0.6%), Al ‎Rajhi Bank (-0.7%), and Almarai (-1.3%) were the major ‎contributors. The trading activity witnessed a decrease ‎in volume and value of -38% and -32%, respectively, to ‎reach 186mn shares and SAR4.0bn in value traded.‎

 

 

Market Wrap International:

Global markets ended last week mixed as shifting monetary expectations and divergent regional data shaped sentiment. In the U.S., equities advanced modestly after strong bank earnings and softer inflation data bolstered hopes of a more dovish Federal Reserve, though lingering credit risks in regional lenders and cautious corporate guidance capped gains.

European markets retreated as renewed inflation pressures and weakness in bank shares weighed on sentiment, with investors tempering expectations for early policy easing amid signs of persistent price growth and fragile fiscal conditions.

 

In Asia, stocks broadly declined, led by sharp losses in China and Hong Kong after softer GDP data and continued property sector stress dampened confidence, while Japan outperformed earlier in the week on optimism over fiscal support before profit taking set in.