Tadawul Review:

The Tadawul All Share Index (TASI) rose on Sunday, gaining 90 points (0.8%) to close at 11,593. The index opened 63 points higher than the previous close and, despite some profit-taking, continued to post gains throughout the session. It ended on a positive note, with 17 out of 21 sectors closing in the green zone. A total of 215 stocks advanced, while only 34 declined. The Banks (+0.9%), Materials (+1.0%), and Telecom (+1.7%) sectors were the key drivers of the index’s performance. Among individual stocks, Riyad Bank (+3.9%), Al Rajhi Bank (+0.4%), and Maaden (+2.3%) were major contributors to the gains. However, trading activity slowed, with share volume dropping -36% and trading value declining -43%, reaching 277 million shares and SAR 4.8 billion.

 

Market Wrap International:

Fed Chair Powell will speak on April 16, 2025, at the SABEW Annual Conference, with markets watching for insights on the U.S. economic outlook and potential future Fed policy actions.

On Wednesday, April 16, 2025, the UK and Eurozone will release their March CPI data. The following day, Thursday, April 17, the ECB is widely expected to cut its deposit rate by 25 basis points to 2.25% amid easing inflation and continued economic weakness.

China is set to release its Q1 GDP (YoY) figures on Tuesday, April 15, 2025, offering critical insight into the country’s economic performance amid ongoing global trade tensions. Economists anticipate Beijing may respond with fresh stimulus, including rate cuts and fiscal support, to stabilize growth.