Tadawul Review:

Tadawul All Share Index (TASI) rose on Sunday, up by +149 points (+1.2%) to close at 12,175 levels. The trading session began on a positive note, with a 21-point increase in the opening, and continued to increase gradually until the end of the session. In general, 15 out of 21 sectors closed in the green zone, and 143 shares rose while 84 fell. Banks (+2.2%), Materials (+1.4%), and Utilities (+1.6%) sectors contributed the most to the index rise. Stockwise, Al Rajhi Bank (+2.8%), ACWA Power (+1.8%), and Aramco (+0.7%) were the major contributors. The trading activity witnessed an increase in volume by 3% to reach 285mn while the value decreased by -6% to reach SAR6.0bn value traded.

 

 

Market Wrap International:

U.S. Stock Indices faced notable declines over the past two weeks. The S&P 500 dropped 1.9%, the NASDAQ fell -2.97%, and the Dow Jones decreased by -1.06%. Last week, the U.S. stock indices exhibited notable volatility. The S&P 500 saw a weekly gain of 1.08%, despite a significant 2.31% drop midweek. The Dow Jones ended up 1.64% for the week after experiencing fluctuating performance. The NASDAQ, displaying the most volatility, faced a sharp 3.64% decline in the middle of the week but managed to close with a modest 1.03% gain.

 

European stock indices were mixed over the past two weeks. The FTSE 100 rose 0.23% on strong corporate earnings, while the DAX was flat at 0.00%, showing consolidation. The CAC 40 fell 0.6% due to economic and political concerns, and the EURO STOXX 600 dropped 0.42%, reflecting ongoing volatility. Overall, markets reacted variably to economic and geopolitical factors.

 

Asian markets showed broad declines over the past two weeks. The Shanghai Composite fell by -2.11%, while the KOSPI dropped -3.18%. The Nikkei 225 saw a significant -4.84% decrease, and the Hang Seng fell by -2.52%. The TOPIX also declined by -4.02%. Last week, these indices varied slightly in their movements but continued to reflect a negative trend, driven by economic uncertainties and regional concerns.