Tadawul Review: 

Tadawul All Share Index (TASI) rose on Monday, gaining 48 points (+0.4%) to close at 12,380. The trading session began positively, with a 5-point increase compared to the previous close, and continued to rise until the end of the session. In general, 13 out of 21 sectors closed in the ‎green zone, and 116 shares rose while 117 fell. Utilities ‎‎(+3.5%), Insurance (+1.3%), and Real Estate (+0.9%) sectors contributed the ‎most to the index rise. Stockwise, ACWA Power ‎‎(+4.4%), Etihad Etisalat (+1.8%), and Bank AlBilad (+1.4%) ‎were the major contributors. The trading activity witnessed a decrease in volume of -25% to reach 279mn while the value increased by 19% to reach SAR6.3bn value traded.

 

 

International Market Wrap:

On Friday, U.S. stock markets posted gains ahead of the weekend. The S&P 500 climbed 1% to 4,996.66, while the Nasdaq Composite rose 1.51% to 15,630.20, buoyed by strong performances in technology stocks. The Dow Jones Industrial Average also advanced, gaining 0.78% to close at 34,487.83. Investors focused on earnings reports and upcoming Federal Reserve commentary for direction.

On Monday, European indices reached near three-month highs, driven by banking and travel stocks. The FTSE 100 edged up 0.2%, and the DAX increased 0.4%. CAC 40 gained 0.3%, and the Euro STOXX 600 ticked up 0.05%, continuing its upward momentum from last week. Attention was centered on the new U.S. administration and its potential trade and economic policies.

Asian shares showed a mix of results. The Nikkei 225 advanced 1.2%, supported by optimism surrounding U.S.-China trade relations. In China, the SHCOMP rose slightly by 0.1%. Hang Seng performed strongly, gaining 1.7%, while KOSPI slipped -0.1%. China’s central bank decision to maintain key lending rates provided stability for the region.

Investors are closely watching the inauguration of President Donald Trump, anticipating potential shifts in trade, taxes, and tariffs that could influence global markets. Additionally, the World Economic Forum in Davos this week is expected to address critical global economic concerns, offering insights into future policy direction.