Tadawul Review: 

Tadawul All Share Index (TASI) rose for the eighth day of the session on Monday, up by +66 points (+0.6%) to close at 11,948 levels. The trading session began on a positive note, with a 15-point increase in the opening. It began to decline during the first hour, after which it gradually rose until it closed at its highest point at the end of the session. In general, 16 out of 21 sectors closed in the green zone, and 105 shares rose while 116 fell. Banks (+1.3%), Real Estate (+0.9%), and Utilities (+0.6%) sectors contributed the most to the index rise. Stockwise, Al Rajhi Bank (+1.7%), Alinma Bank (+1.4%), and Saudi National Bank (+0.7%) were the major contributors. The trading activity witnessed an increase in volume and value of 13% and 13%, respectively, to reach 243mn shares and SAR7.2bn in value traded.

 

 

 

Market Wrap International:

 U.S. stock futures rose as investors evaluated the impact of an ‎attempted assassination on former President Donald Trump ‎and awaited a crucial week of corporate earnings. Market ‎sentiment was mixed, with speculation swirling that the ‎incident could potentially bolster support for Trump and the ‎Republican party ahead of the November elections.‎ the S&P500 and NASDAQ indices closed positively by 0.3% and 0.4% respectively.

European stocks began the week with declines as international markets assessed the consequences of an attempted assassination on former U.S. President Donald Trump during a weekend rally. The DAX in Germany was down by -0.8% and the FTSE 100 in the UK saw a decline of -0.8%.

China announced that its economy grew at a slower-than-expected annual rate of 4.7% in the last quarter, coinciding with the Communist Party's commencement of a crucial policy-setting conference held once every decade. The SHCOMP index closed up by 0.1%, while the Hang Seng index ended the day down by -1.5%.