Reports

2024-11-04

Daily Market Monitor 4-11-2024

Tadawul Review:

Tadawul All Share Index (TASI) rose on Sunday, gaining 26 points (+0.2%) to close at the 12,048 level. The monthly loss was 204 points (MoM: -1.7%), while year-to-date (YTD) there was a 0.5% increase. The index opened higher by 23 points but faced fluctuations until the end of the session. In general, 10 out of 21 sectors closed in the green zone, and ‎‎103 shares rose while 124 fell. Utilities (+2.5%), Capital goods ‎‎(+1.9%), and Energy ‎‎ (+0.3%) sectors contributed the most to the index rise. Stockwise, ACWA Power (+3.2%), Aramco ‎‎(+0.4%), and Riyadh Cables Group (+10.0%) were the major contributors. The trading activity witnessed a decrease in volume and value of -17% and -36%, respectively, to reach 459mn shares and SAR4.2bn in value traded.

 

 

 

Market Wrap International: 

As a weekly average, U.S. indices exhibited mixed performance. The S&P 500 fell by 0.66%, and the Dow Jones declined more sharply by 1.58%. In contrast, the NASDAQ saw a slight gain of 0.22%. An important event happening this week is the US elections scheduled for Tuesday.

As a weekly average, European indices experienced declines, with the FTSE 100 down 1.17% and the EURO STOXX ‎‎600 falling by 1.15%. The DAX and CAC also posted losses, dropping 0.57% and 0.90%, respectively. This trend reflects ongoing market challenges across the region. The Bank of England's interest rate decision will take place this Thursday, November 7.

As a weekly average, Asian indices showed a mixed performance. The SHCOMP rose by 0.34%, and the Nikkei 225 gained 0.62%, indicating positive momentum in those markets. The KOSPI also edged up slightly by 0.10%. However, the Hang Seng faced a decline of 0.43%, reflecting challenges in the Hong Kong market.

 

Daily Market Monitor 4-11-2024