Tadawul Review:

Tadawul All Share Index (TASI) fell on Sunday, down by -67 points (-0.5%) to close at 12,217 levels. TASI started the session Negatively, opening with fell of 6 points but then started to decline gradually until the end. In general, 16 of 21 sectors closed in the red zone, and 147 shares fell while 78 rose. Utilities (-3.5%), Banks (-0.4%), and Insurance (-3.4%) sectors contributed the most to the index fall. Stockwise, ACWA Power (-4.7%), Al Rajhi Bank (-0.6%), and Elm Co. (-3.7%) were the major contributors to the index’s fall. The trading activity witnessed a decline in volume and value of -22% and -27%, respectively, to reach 231mn shares and SAR5.3bn in value traded.

 

 

 

Market Wrap International:

In the U.S, inflation likely experienced a moderation in April, marking the first decline in six months. This brings a glimmer of hope that price pressures will begin to ease once more, potentially impacting investor sentiment next week especially after a string of upside surprise

In Europe, after the main stock index reached a new all-time high on Friday, poised for its largest weekly increase since late January. The risk appetite was fueled by increasing expectations of interest rate cuts on friday within the region and a robust earnings season.

 

In Asia, investors will closely monitor key economic indicators, such as China and Japan's economic performance, wage data from the UK, and the latest forecasts from the European Union as China's consumer prices increased for the third consecutive month in April, indicating improved domestic demand, while producer prices continued to decline.