Tadawul Review: ‎

Tadawul All Share Index (TASI) rose on Sunday, ‎gaining 36 points (+0.32%) to close at 11,068.65. The ‎index opened 14 points above its previous close, but ‎before closing it faced selling pressure, yet remained in ‎the green zone. Overall, 16 out of 21 sectors closed in ‎the green zone, and 147 shares rose while 99 fell. Banks ‎‎(+0.5%), Telecommunication Services (+0.8%), and ‎Health Care Equipment & Services (+0.8%) sectors ‎contributed the most to the index rise. Stockwise, ‎Alrajhi (+0.7%), SNB (+1.1%), and Etihad Etisalat (+1.2%) ‎were the major contributors to the index rise. The ‎trading activity witnessed a decrease in volume and ‎value of -21% and -24%, respectively, to reach 161mn ‎shares and SAR 3bn in value traded.‎

 

 

Market Wrap International:  

U.S. equities ended lower as a stronger-than-expected August ‎jobs report increased expectations that the Federal Reserve ‎could raise interest rates this month, while higher Treasury yields ‎added pressure to equity valuations ahead of this week’s inflation ‎data. Technology remained mixed, with semiconductor shares ‎outperforming while software and consumer discretionary stocks ‎lagged, and the major markets closed the week with limited ‎overall change. European equities ended the week softer as ‎persistent inflation concerns linked to higher energy prices kept ‎risk appetite restrained, although Volkswagen’s turnaround ‎agreement supported the auto sector and helped offset broader ‎weakness. Asian markets are trading higher today, led by ‎technology and semiconductor shares as investors balanced ‎optimism over global growth from the U.S. jobs data against ‎higher oil prices and renewed Middle East tensions; Japan and ‎South Korea led gains, while Chinese equities were more ‎subdued following a planned capital injection into state-owned ‎insurers and banks.‎