Tadawul Review:

The Tadawul All Share Index (TASI) fell on Sunday, ‎decreasing by 19 points (-0.2%) to close at 10,434. The ‎index opened 16 points below its previous closing level, ‎then steadily declined and faced selling pressure during ‎the middle of the session. A late session rebound helped limit the day’s losses. Overall, 15 out of 21 sectors ‎closed in the red zone, while 171 shares fell and 85 rose. ‎Banks (-0.3%), Utilities (-1.9%), and Capitals goods (-‎‎1.9%) sectors contributed the most to the index fall. ‎Stockwise, ACWA Pwer (-2.7%), Al Rajhi Bank (-0.4%), ‎and Saudi National Bank (-0.9%) were the major ‎contributors. The trading activity witnessed a decline in ‎volume and value of -20% and -22%, respectively, to ‎reach 154mn shares and SAR2.8bn in value traded.‎

 

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Market Wrap International:

Global equities ended last week mixed, with sentiment largely driven by expectations of a Federal Reserve rate cut. In the U.S., weak labor data reinforced concerns about slowing growth, though optimism over easier policy and strength in technology tempered the downside. European markets were restrained, as higher bond yields and fragile economic indicators kept investors cautious, while in Asia, robust inflows and gains in semiconductor shares supported performance, even as ongoing strains in China’s property sector limited momentum.