Tadawul Review:

Tadawul All Share Index (TASI) fell on Thursday, dropping by 50 points (-0.4%) to close at 12,099. Although the index began the day on a positive note, with an initial gain of 21 points, it gradually lost momentum throughout the session and ultimately closed at its lowest point. Overall, 14 out of 21 sectors closed in the red zone, while 123 shares fell and 101 rose. Banks (-0.7%), Materials (-1.0%), and Health care equipment and services (-1.1%) sectors contributed the most to the index fall. Stockwise, Al Rajhi Bank (-1.2%), Maaden (-2.2%), and Aramco (-0.4%) were the major contributors. The trading activity witnessed a decrease in volume and value of -40% and -21%, respectively, to reach 374mn shares and SAR4.8bn in value traded.

 

 

 

Market Wrap International: 

On Friday, MSCI's global equity index fell, and bond yields rose as market participants awaited this week's U.S. Federal Reserve meeting for signals on the likely path of interest rates. The Dow Jones Industrial Average recorded its seventh consecutive loss, the longest stretch of declines since 2020. The S&P 500 edged down by -0.003%, the Dow Jones Industrial Average dropped -0.2%, while the NASDAQ rose by 0.1%.

Investors in European markets sold off on Friday, driving the markets lower, in response to disappointing economic figures from two of the largest economies in the region. The EURO STOXX 600 dropped -0.5%, the CAC 40 decreased by -0.2%, while both the DAX and FTSE 100 saw a slight decline of -0.1%.

On Friday, Asian equities declined as investors became more cautious, reducing their risk exposure ahead of the Federal Reserve's policy meeting this week. Key Asian indices saw significant losses, with the Hang Seng plunging -2.1%, the SHCOMP falling -2%, and the NIKKEI 225 dropping -1%. In contrast, the KOSPI posted a modest gain of 0.5%.