Tadawul Review:

Tadawul All Share Index (TASI) fell on Thursday, dropping 69 points (-0.6%) to close at 11,892. TASI started the session negatively, opening 71 points lower than the previous close, then faced fluctuation until the end of the session. Overall, 16 out of 21 sectors closed in the red zone, while 185 shares fell and 51 rose. Banks (-1.6%), Materials (-1.0%), and Utilities (-2.0%) sectors contributed the most to the index fall. Stockwise, Al Rajhi Bank (-2.6%), ACWA Power (-2.1%), and Saudi National Bank (-1.4%) were the major contributors. The trading activity witnessed an increase in volume and value of 33% and 139%, respectively, to reach 477mn shares and SAR10.9bn in value traded.

 

 

 

Market Wrap International:

US stocks bounced back on Friday, driven by inflation data showing a deceleration in price increases for November. This provided relief after a tough week, during which the Dow Jones Industrial Average plunged by 1,100 points in a single day and endured its longest losing streak since the 1970s. The unexpected slowdown in inflation was a key factor in the market’s recovery. The Dow Jones Industrial Average gained 1.2%, the S&P 500 rose 1.1%, and the NASDAQ advanced 1%.

European stock markets dropped on Friday as investors were spooked by the prospect of a trade war with the US following President-elect Donald Trump's comments, while also keeping an eye on significant economic data. The Euro STOXX 600 dropped -0.9%, the DAX declined -0.4%, and both the FTSE 100 and CAC 40 fell by -0.3% each.

 

Investors in the Asia-Pacific region pulled back on Friday, as they absorbed Japan's inflation data and China's decision on interest rates, leading to a mostly downbeat market performance. Major Asian indices saw significant declines, with the KOSPI dropping -1.3%, the NIKKEI 225 falling -0.3%, the Hang Seng slipping -0.2%, and the SHCOMP edging down -0.1%.