Tadawul Review:

Tadawul All Share Index (TASI) fell on Sunday, ‎decreasing by 62 points (-0.6%) to close at 10,594. TASI ‎started the session positively, opening 9 points higher, ‎but then gradually decreased until the close of the ‎session. Overall, 16 out of 21 sectors closed in the red ‎zone, while 153 shares fell and 93 rose. Banks (-0.8%), ‎Energy (-0.8%), and Materials (-0.6%) sectors contributed ‎the most to the index fall. Stockwise, Al Rajhi Bank (-‎‎1.3%), Aramco (-0.8%), and ACWA Power (-1.0%) were ‎the major contributors. The trading activity witnessed a ‎decline in volume and value of   -17% and -32%, ‎respectively, to reach 127mn shares and SAR2.2bn in ‎value traded.‎

 

 

Market Wrap International:

Global equities ended last week under mixed pressures, as weak U.S. labor data heightened concerns over slowing growth while reinforcing expectations of a Federal Reserve rate cut this month. U.S. markets slipped, with Treasury yields retreating and gold extending its record rally, while in Europe sentiment remained fragile amid exporter weakness and political risks in France that pushed bond yields higher. In Asia, confidence was stronger, supported by hopes of Chinese stimulus and robust Japanese wage growth, with equities rallying as the yen weakened following Prime Minister Ishiba’s surprise resignation.