Tadawul Review:

Tadawul All Share Index (TASI) rose on Sunday, ‎gaining 5 points (+0.05%) to close at 10,631. The index ‎opened 14 points above its previous close, experienced ‎some fluctuations during the session, but ultimately ‎climbed to close in the green zone. Overall, 8 out of 21 ‎sectors closed in the green zone, and 95 shares rose ‎while 156 fell. Banks (+0.3%), Health care equipment ‎and services (+1.5%), and Telecommunications (+0.4%) ‎sectors contributed the most to the index rise. ‎Stockwise, Sulaiman Al Habib (+3.2%), Riyad Bank ‎‎(+2.6%), and Etihad Etisalat (+2.0%) were the major ‎contributors. The trading activity witnessed a decrease ‎in volume and value of -38% and -48%, respectively, to ‎reach 128mn shares and SAR2.3bn in value traded.

 

 

 

Market Wrap International:

U.S. equities eked out modest gains amid renewed investor focus ‎on a likely Federal Reserve rate cut, as softer inflation and ‎economic data helped underpin expectations for easier monetary ‎policy, while technology and industrial sectors helped offset ‎weakness in defensive names. European shares finished the week ‎roughly flat as the broader market weighed mixed global signals ‎and cautious sentiment ahead of key U.S. data, with gains in ‎autos and parts partially offsetting weakness in defensives and ‎interest-rate sensitive sectors. Asian markets traded cautiously as ‎investors weighed the Bank of Japan’s signals on a potential rate ‎increase, with a weaker yen pressuring exporter. Chinese export ‎data offered some support, but overall risk appetite remained ‎muted amid regional policy uncertainty and global demand ‎concerns.‎‎