Tadawul Review: 

Tadawul All Share Index (TASI) rose on Sunday, up by +295 ‎points (+2.5%) to close at 11,855 levels. TASI started ‎positively with a 9 point gain, and the index continued to rise ‎until the end of the trading day. In general, 21 out of 21 ‎sectors closed in the green zone, and 215 shares rose while ‎‎13 fell. Banks (+3.5%), Materials (+1.5%), and Food and ‎beverages (+4.7%) sectors contributed the most to the index ‎rise. Stockwise, Al Rajhi Bank (+3.7%), SNB (+3.1%), and ‎Sulaiman Al Habib (+6.6%) were the major contributors. The ‎trading activity witnessed a significant increase due to ‎Aramco trading in volume and value of 687% and 736%, ‎respectively, to reach 1963mn shares and SA53.9bn in value ‎traded.‎

 

 

 

Market Wrap International:

The U.S. after the negatve performance of global markets on ‎Friday Investors may glean more on the Federal Reserve’s ‎resolve to ease monetary policy when US policymakers ‎update their forecasts for interest rates Wednesday for the ‎first time in three months.‎

In Europe, the euro zone, industrial production data on ‎Monday is anticipated to show the smallest increase in three ‎months, suggesting that the region also began the second ‎quarter on a weak footing.‎

 

In Asian markets, the eyes are now on the BOJ meeting on ‎Friday, which is expected to hold its short-term rate steady. ‎People familiar with the matter have said officials may discuss ‎whether to reduce bond purchases. Elsewhere, China’s ‎consumer inflation is projected to accelerate a tad to 0.4% ‎year on year in May, while factory-gate deflation may slow to ‎‎1.5%, the smallest drop in prices since February 2023.‎