Tadawul Review:

Tadawul All Share Index (TASI) rose on Sunday, up by +30 ‎points (+0.3%) to close at 11,689 levels. The trading session ‎began on a positive note, with a 13-point increase in the ‎opening, After that, it began to decrease gradually until the ‎last hour, after which it began to increase until the end of the ‎session. In general, 13 out of 21 sectors closed in the green ‎zone, and 139 shares rose while 87 fell. Media (+7.7%), ‎Utilities (+1.1%), and Banks (+0.1%) sectors contributed the ‎most to the index rise. Stockwise, ACWA Power (+1.4%), ‎Saudi Research (+9.9%), and Saudi National Bank (+0.9%) ‎were the major contributors. The trading activity witnessed ‎an increase in volume by 5% to reach 195mn while the value ‎decrease by -20% to reach SAR3.9bn value traded.‎

 

 

Market Wrap International:

U.S. markets closed slightly higher amid concerns over global trade tensions, specifically EU-China disputes on electric vehicle subsidies. The Nasdaq Composite and S&P 500 were higher than previous week as a daily average, tech stocks remained resilient despite mixed economic signals, and the Dow Jones Industrial Average also saw minor increased. Investors monitored tariff talks and potential retaliatory measures, with economic data and Federal Reserve policy cues shaping market sentiment.

European markets had a volatile week similar to the U.S., with the STOXX 600 closing slightly higher than the previous week as daily average. Investors processed varied corporate earnings and economic data. The ECB's meeting minutes hinted at a careful stance on future rate increases, offering some reassurance amid worries about sluggish economic growth in major Eurozone economies such as Germany and France.

Asian markets are optimistic about Chinese and Indian equities for the second half of the year, with investors favoring Chinese stocks for their low valuations and expected policy changes and seeing India positively due to post-election optimism and resilience to geopolitical tensions.