Tadawul Review:

Tadawul All Share Index (TASI) rose for the fourth ‎consecutive day on Sunday, gaining 66 points (+0.6%) to close ‎at 11,981. The TASI opened the session up by approximately ‎‎4 points and gradually rose until the end of the session. ‎Overall, 17 out of 21 sectors closed in the green zone, and ‎‎174 shares rose while 49 fell. Utilities (+2.4%), Insurance ‎‎(+2.1%), and Real Estate (+1.2%) sectors contributed the ‎most to the index rise. Stockwise, ACWA Power (+2.8%), ‎Aramco (+0.4%), and Sulaiman Al Habib (+1.4%) were the ‎major contributors. Trading activity witnessed a decrease in ‎both volume and value by -17% and -13%, respectively, with ‎‎250 million shares traded and a total value of SAR 5.9 billion.‎

 

 

 

Market Wrap International: 

Over the past two weeks, U.S. markets have gained strongly, ‎with the S&P 500 and NASDAQ rising notably and the Dow ‎Jones Industrial Average increasing more modestly. This week, ‎the Federal Reserve's July FOMC meeting minutes will be ‎released on Wednesday, providing insights into future policy, ‎and economic data on Thursday, including initial jobless claims ‎and existing home sales, which will highlight the labor market ‎and housing sector.‎

In Europe, major indices showed mixed results. Some indices ‎posted moderate gains, while others lagged behind, reflecting a ‎varied performance across the region. Investors are also ‎awaiting the Eurozone Manufacturing PMI SA, scheduled for ‎release on August 22, which may provide further insight into ‎the economic outlook.‎

 

Asian markets were notably robust on a weekly average. ‎Japan saw significant improvements in its indices, and South ‎Korea also experienced solid gains. The Hang Seng improved ‎as well, whereas the Shanghai Composite remained relatively ‎flat. Looking ahead, the People's Bank of China (PBoC) is ‎scheduled to announce its interest rate decision this week.‎