Tadawul Review:

Tadawul All Share Index (TASI) rose on Sunday, increasing by ‎‎44 points (+0.4%) to close at 12,189. TASI began the session ‎positively, opening with a 17-point gain from the previous ‎close. It faced fluctuations throughout the session until the ‎end. Overall, 13 out of 21 sectors closed in the green zone, ‎and 155 shares rose while 69 fell. Banks (+1.0%), Materials ‎‎(+0.8%), and Telecommunications (+1.0%) sectors ‎contributed the most to the index rise. Stockwise, Al Rajhi ‎Bank (+0.8%), Riyad Bank (+1.9%), and Alinma Bank (+1.4%) ‎were the major contributors. The trading activity witnessed a ‎decrease in volume and value of -46% and -55%, respectively, ‎to reach 227mn shares and SAR5.5bn in value traded.‎

 

 

 

Market Wrap International: 

Over the past week, as a weekly average, US indices ‎exhibited varied performance. The S&P 500 rose slightly by ‎‎0.16%, while the Dow Jones saw a stronger gain of 0.96%. In ‎contrast, the NASDAQ fell by 0.95%. Looking ahead, an ‎important event to watch is the S&P Global US ‎Manufacturing PMI for August, which is scheduled for release ‎on September 3rd. This index will provide insights into the ‎health of the manufacturing sector and could influence market ‎sentiment.‎

In Europe, indices showed positive movement. The FTSE 100 ‎increased by 0.59%, the DAX led with a 1.67% gain, the CAC ‎‎40 rose by 1.04%, and the EURO STOXX 600 saw a 1.26% ‎uptick, reflecting a strong week across major European ‎markets.‎

 

In Asia, performance was mixed. The SHCOMP and KOSPI ‎both declined by 0.79% and 0.50%, respectively, while the ‎Nikkei 225 and TOPIX posted gains of 0.95% and 0.80%. The ‎Hang Seng led with a 1.61% increase, showing overall positive ‎performance in the region despite some declines.‎