Tadawul Review:

Tadawul All Share Index (TASI) fell on Monday’s session by ‎‎93 points (-0.8%) to close at 11,408 levels. TASI opened ‎the ‎session on a positive note by 28 points from the ‎previous ‎close. However, after the initial uptick, TASI started to ‎decline throught the session until the end to close at its ‎lowest point of the day. In general, 15 out of 20 sectors ‎‎closed in the red zone, while 179 of 223 shares fell and 36 ‎‎rose. Banks (-0.7%), Energy (-1.6%), and Materials (-0.5%) ‎sectors contributed the most to ‎the index's 50 point fall. ‎Stockwise, Aramco (-1.6%), Aramco (-0.8%), and Riyad Bank ‎‎(-1.6%) ‎were the major contributors. The trading activity ‎witnessed an increase in volume and value by 41% and 35%, ‎respectively, to reach 214 shares and SAR5.0bn in value ‎traded.‎

 

 

 

Market Wrap International:

The global equity markets. after three weeks of declines, US ‎stocks recovered some of their losses ahead of a closely ‎watched speech by Federal Reserve Chair Jerome Powell at ‎the Jackson Hole summit. The S&P 500 Index closed the ‎session at 0.7% with 6 out of eleven listed sectors dropped. ‎while Nasdaq closed at 1.6 % The yields on 2-10-year tenures ‎moved in range between 4.3-4.9bps. Traders are also focused ‎on a crucial earnings report due Wednesday from Nvidia Corp

In Europe, The Stoxx 600 was up 0.05%., shrugging off ‎weakness in Asian equities after Chinese banks kept a key ‎interest rate that guides mortgages on hold, a surprise move ‎that sowed confusion over the country’s approach to ‎stemming the nation’s property slump. FTSE 100 was down ‎‎(0.1%). The country-level indices were up in a range between ‎of 0.2%|0.5 %‎

In Asia, The central bank's recent interest-rate cut, part of a ‎sequence of measures aimed at stimulating lending, was more ‎modest than expected Stocks in China tumbled and the ‎currency weakened on Monday after the country’s central ‎bank announced a smaller-than-expected cut in a key interest ‎rate. SHCOMP and Hang Seng went down by -1.2% and -1.8%. ‎While the equity indices in Japan rose by TOPIX(+0.2%) | ‎NIKKEI 225 (+0.4%). major indices in the region closed on a ‎positive note in a range of 0.001% |0.4%.‎