Tadawul Review: 

Tadawul All Share Index (TASI) declined on Thursday, falling by 27 points (-0.2%) to settle at 11,841. The index opened slightly lower, down by 4 points from the previous close, and continued to fluctuate throughout the day. Despite a brief rebound and some gains in the end of the session, TASI ultimately closed in the negative. Overall, 12 out of 21 sectors closed in the red zone, while 131 shares fell and 98 rose. Utilities (-1.6%), Materials (-0.5%), and Food and beverages  (-0.7%) sectors contributed the most to the index fall. Stockwise, ACWA Power (-1.9%), Saudi National Bank (-0.6%), and Aramco (-0.2%) were the major contributors. The trading activity witnessed an increase in volume and value of 64% and 13%, respectively, to reach 691mn shares and SAR5.4bn in value traded.

 

 

Market Wrap International: 

On Friday, U.S. stocks closed near their session highs, with investors monitoring President-elect Donald Trump's efforts to form his team and Bitcoin's (BTC-USD) progress toward a major milestone. The S&P 500 and Nasdaq Composite climbed by 0.3% and 0.2%, respectively, while the Dow Jones Industrial Average saw a notable increase of 1%.

European equities rose on Friday as investors focused on the region's poor economic numbers, raising expectations of central bank rate cuts. The FTSE 100 rose by 1.4%, the broader Euro STOXX 600 advanced 1.2%, the DAX gained 0.9%, and the CAC 40 was up by 0.6%.

Asian markets mostly climbed on Friday, with Wall Street's rally, led by Nvidia’s strong earnings and Bitcoin's brief rise above $99,000, providing the boost. Major Asian indices, including the SHCOMP and Hang Seng, dropped by -3.1% and -1.9%, respectively. In contrast, the KOSPI and NIKKEI 225 saw gains of 0.8% and 0.7%.