Tadawul Review:

Tadawul All Share Index (TASI) fell on Sunday, dropping by ‎‎-189 points (-1.7%) to close at 11,000. The index opened 13 ‎points higher than its previous closing level but gradually ‎declined throughout the session. Overall, all 21 sectors ‎closed in the red zone, while 203 shares fell and 41 rose. ‎Banks (-2.1%), Utilities (-6.1%), and Materials    (-1.2%) sectors ‎contributed the most to the index fall. Stockwise, ACWA ‎Power (-7.8%), Al Rajhi Bank (-2.0%), and Saudi National ‎Bank (-2.8%) were the major contributors. The trading ‎activity witnessed a decrease in volume and value of -29% ‎and -22%, respectively, to reach 144mn shares and SAR3.4bn ‎in value traded.‎

 

Market Wrap International:

The upcoming week will be a mix of market closures and key economic releases. On Monday, May 26, markets in the United States will be closed for Memorial Day, and the United Kingdom will observe a Bank Holiday. In the U.S., attention will turn to economic data starting with CB Consumer Confidence (May) on Tuesday, May 27, followed by the FOMC Meeting Minutes on Wednesday, May 28. Then, on Friday, May 30, attention will be focusing on the Core PCE Price Index (YoY) for April, along with Germany’s CPI (MoM) for May and China’s Manufacturing PMI (May)—both offering fresh insights into the health of the European and Asian economies. To round out the week, Hong Kong markets will be closed on Saturday, May 31, due to a local holiday.