Tadawul Review:

Tadawul All Share Index (TASI) fell on Sunday, losing -165 ‎points (1.5%) to close at 10,825. The index opened 15 points ‎higher than the previous close, then gradually declined until ‎the end of the session. Overall, 20 out of 21 sectors closed in ‎the red zone, meanwhile 215 shares fell and 31 rose. Banks (-‎‎2.0%), Materials (-1.8%), and Real Estate (-2.3%) sectors ‎contributed the most to the index fall. Stockwise, Al Rajhi ‎Bank (-2.4%), Saudi National Bank (-2.5%), and Aramco (-‎‎0.7%) were the major contributors. The trading activity ‎witnessed a decrease in volume and value of -55% and -58%, ‎respectively, to reach 151mn shares and SAR4.2bn in value ‎traded.‎

 

Market Wrap International:

The first week of June will be a busy one for global markets, with several key economic releases and policy updates on the radar. In the U.S., investors will be watching the S&P Global Manufacturing PMI on Monday (June 2), the ADP Nonfarm Employment Change on Wednesday (June 4), and the closely followed Nonfarm Payrolls report on Friday (June 6) for fresh insight into the labor market. In Europe, attention turns to inflation data with the Eurozone CPI (YoY) out on Tuesday (June 3), followed by the ECB’s interest rate decision and press conference on Thursday (June 5).

Meanwhile, South Korea will observe two public holidays: Presidential Election Day on Tuesday (June 3) and Memorial Day on Friday (June 6), with markets closed on both days.