Tadawul Review:

Tadawul All Share Index (TASI) fell on Monday, falling by -54 points (-0.4%) to close at the 12,121 level. TASI started the session positively, opening with gains of 7 points, after that, it gradually decreased until the end of the session. Overall, 12 out of 21 sectors closed in the red zone, while 150 shares fell and 69 rose. Banks (-0.6%), Energy (-1.0%), and Real Estate (-1.6%) sectors contributed the most to the index fall. Stockwise, Aramco (-1.1%), Al Rajhi Bank (-0.8%), and Saudi National Bank (-0.8%) were the major contributors. The trading activity witnessed an increase in volume and value of 6% and 15%, respectively, to reach 303mn shares and SAR6.9bn in value traded.

 

 

Market Wrap International: 

U.S. stock futures rose, driven by gains in European and Asian markets, as investors anticipated key central bank decisions and major tech earnings this week. The Nasdaq 100 and S&P 500 are set to extend their rebound following a tech slump last week. Treasury yields fell to 4.16%, the dollar edged up against other currencies, and Europe’s main stock index increased by 0.5%. The S&P 500 and Nasdaq Composite each rose by 0.1%, while the Dow Jones Industrial Average fell by -0.1%.

European markets rose on Monday as investors analyzed U.S. inflation figures and looked forward to a week filled with earnings reports and central bank meetings. The CAC 40 fell by -1%, the DAX decreased by -0.5%, and the FTSE 100 rose by 0.1%.

Asian stocks also started the week with gains following a broad rally on Wall Street. As markets prepare for earnings reports and key central bank meetings, investors are focused on potential interest rate cuts from the U.S. and UK, while Japan might raise borrowing costs to normalize its monetary policy. Key indices such as the Hang Seng 1.3%, NIKKEI 225 2.1%, and TOPIX 2.2% all showed positive movements.