Tadawul Review: 

Tadawul All Share Index (TASI) fell on Thursday, dropping by -33 points (-0.3%) to close at 11,859. The index opened one point higher than its previous close, continued to rise slightly, then stabilized for a while. After that, it gradually declined until the end of the session, closing at its lowest point. Overall, 16 out of 21 sectors closed in the red zone, while 143 shares fell and 78 rose. Banks (-0.3%), Media (-3.0%), and Energy (-0.4%) sectors contributed the most to the index fall. Stockwise, Aramco (-0.4%), Al Rajhi Bank (-0.3%), and Saudi Research (-3.9%) were the major contributors. The trading activity witnessed a decrease in volume by -52% to reach 457mn shares, while the value increased by 0.3% to reach SAR2.8bn in value traded.

 

 

Market Wrap International: 

Stocks broadly declined on Friday, led by a selloff in the world’s largest technology companies, marking a dip in the final stretch of an otherwise stellar year. The NASDAQ dropped significantly by -1.5%, the S&P 500 fell by -1.1%, and the Dow Jones Industrial Average declined by -0.8%.

 

European stocks closed higher on Friday as regional markets reopened after a holiday break for Christmas. Financial sector gains led the session, contributing to positive performances across major indices. The CAC 40 rose by 1%, while the Euro STOXX 600 and DAX both gained 0.7%. The FTSE 100 saw a smaller increase, climbing by 0.2%.

 

Friday saw most Asian stocks rise, with Japanese shares jumping after a stronger-than-anticipated Tokyo inflation reading, while South Korean stocks declined due to ongoing political turmoil. Asian markets showed mixed results, with key indices like the Nikkei 225 rising 1.8% and the Shanghai Composite (SHCOMP) gaining 0.1%. In contrast, the KOSPI and Hang Seng saw declines, falling -1% and -0.04%, respectively.