Tadawul Review:

Tadawul All Share Index (TASI) fell on Thursday for the ‎second‏ ‏day, dropping by -‎‏22‏‎ points (-0.‎‏2‏‎%) to close at 11,‎‏078‏‎ ‎levels. TASI started the day with a decline of -‎‏7‏‎ points and ‎continued its downward trend throughout the session until ‎the end. Overall, 11 out of 20 sectors closed in the red zone, ‎while 109 shares fell and 104 rose. Banks (-0.5%), Materials ‎‎(-0.5%), and Real Estate (-0.5%) sectors contributed the most ‎to the index fall. Stockwise, Al Rajhi Bank (-0.5%), Riyad Bank ‎‎(-2.7%), and Maaden (-2.2%) were the major contributors. ‎The trading activity witnessed a decline in volume and value ‎of -16% and -2%, respectively, to reach 168mn shares and ‎SAR4.1bn in value traded.‎

 

 

 

Market Wrap International:

In the U.S., following the Thanksgiving break, the markets resumed with the S&P 500 rose by 0.1%, with nine out of eleven listed sectors, rising. Investors closely monitored the beginning of the seasonal shopping season to gauge consumer resilience. On the other hand, the Nasdaq Composite declined by -0.1% amid the tumultuous postponement of the OPEC+ meeting scheduled for the weekend. Meanwhile, U.S. crude oil prices remained steady above $76 per barrel.

In Europe, the Stoxx Europe 600 ended the session with a positive gain of +0.3% despite the release of weak data from Germany, indicating a contraction in the economy during the third quarter. Meanwhile, the FTSE 100 index closed higher by +0.3% as the value of sterling increased to its highest level since early September. All the country-level indices concluded the day with rising by +0.2%.

In Asia, the Chinese indices fell on Friday, with the Hang Seng falling -2% and the Shanghai Composite declining by -0.7%. On the other hand, the Japanese benchmark TOPIX and NIKKEI 225 both rose by +0.5% respectively, following a modest increase in core consumer inflation for October, which fell below expectations. Furthermore, the other major indices displayed negative movements ranging from -0.04% to -0.7%.