Tadawul Review:  

Tadawul All Share Index (TASI) fell on Monday, ‎dropping by -12 points (-0.1%) to close at 10,886. TASI ‎opened with little change, fluctuated until the middle ‎of the session, then stabilized in the red zone until ‎the end of the session. Overall, 16 out of 21 sectors ‎closed in the red zone, while 148 shares fell and 104 ‎roses. Utilities (-1.2%), Telecommunications (-0.7%), ‎and Insurance (-0.6%) sectors contributed the most to ‎the index fall. Stockwise, ACWA Power (-1.5%), ‎Maaden (-1.1%), and Saudi Awwal Bank (-1.6%) were ‎the major contributors. The trading activity witnessed ‎an increase in volume and value of 14% and 20%, ‎respectively, to reach 217mn shares and SAR3.8bn in ‎value traded.‎

 

 

Market Wrap International:

U.S. stocks ended mixed on Monday, with the S&P 500 easing slightly from record territory as investors stayed cautious ahead of Federal Reserve Chair Powell’s Jackson Hole speech. Gains in small-cap and defensive shares helped offset weakness in large-cap tech. The Dow Jones Industrial Average slipped by -0.1%, the S&P 500 edged lower by -0.01%, while the Nasdaq Composite added 0.03%.

European stocks closed mixed, as investor sentiment was shaped by ongoing Ukraine summit talks and caution ahead of the Fed’s meeting. The FTSE 100 gained 0.21%, the Euro STOXX 600 rose 0.1%, while the CAC 40 fell 0.50% and the DAX declined 0.18%.

Asian stocks ended mixed on Monday, as strong gains in Japan were offset by weakness in South Korea and Hong Kong. The Nikkei 225 advanced 0.8%, while the KOSPI fell 1.5% and the Hang Seng declined 0.4%. The Shanghai Composite gained 0.8%.