Tadawul Review:

Tadawul All Share Index (TASI) rose on Sunday’s session, ‎rising by 69 points (+0.6%) to close at the 11,691 level. TASI ‎opened the session positively +15 points and continued to ‎rise gradually during the session until the end. Overall, 19 out ‎of 20 sectors closed in the green zone, while 158 shares rose ‎and 52 fell. Banks (+0.9%), Materials (0.6%), and Health care ‎equipment and services (+1.1%) sectors contributed the most ‎to the index rise. Stockwise, Al Rajhi Bank (+1.3%), Saudi ‎National Bank (+0.8%), and Alinma Bank (+1.5%) were the ‎major contributors. The trading activity witnessed a decline in ‎volume and value of -14% and -12%, respectively, to reach ‎‎173mn shares and SAR4.6bn in value traded.‎

 

 

Market Wrap International:

In the U.S., as the cooler-than-expected U.S. inflation data ‎reinforced expectations of potential interest rate cuts, stocks ‎are set to rise in the final session of the week, with Wall ‎Street closed for Christmas Day. Trading is scheduled to ‎resume on Tuesday, although trading volumes are expected to ‎be weak next week.‎

In Europe, the euro experienced limited growth in November ‎and fell short of policymakers' 2% target in a six-month ‎timeframe. As a result, there is increasing optimism that the ‎central bank will undertake policy easing next year.‎

In Asia, China's economy is facing challenges in recovering from ‎the impact of COVID-19, with policymakers dealing with ‎issues such as sluggish consumer demand, declining exports, ‎reduced foreign investment, and a worsening real estate crisis. ‎Meanwhile, Japan is focused on managing the risk of escalating ‎debt following the announcement of its annual budget. ‎Speculation suggests that Japan's central bank may move ‎away from its ultra-easy monetary policy in response to these ‎concerns.‎