Tadawul Review:  

Tadawul All Share Index (TASI) fell on Sunday, ‎dropping by -42 points (-0.4%) to close at 10,965. The ‎index opened 14 points higher than its previous closing ‎level, then gradually declined throughout the session ‎until the close. Overall, 16 out of 21 sectors closed in ‎the red zone, while 182 shares fell and 65 rose. Materials ‎‎(-0.8%), Banks (-0.2%), and Telecommunications (-1.1%) ‎sectors contributed the most to the index fall. ‎Stockwise, Saudi National Bank (-0.8%), Maaden (-1.3%), ‎and Etihad Etisalat (-2.2%) were the major contributors. ‎The trading activity witnessed an increase in volume by ‎‎27% to reach 324mn shares, while the value decreased ‎by -23% to reach SAR3.2bn in value traded.‎

 

 

Market Wrap International:

This week’s global macro spotlight spans three major regions. In the United States, markets will tune in when Fed Chair Powell speaks on Tuesday, July 22, with additional U.S. economic reports due later in the week. Over in Japan, the BoJ Core CPI (YoY) arrives on Wednesday, July 23. Then on Thursday, July 24, attention shifts to Europe as the European Central Bank delivers its July interest rate decision.