Tadawul Review: 

Tadawul All Share Index (TASI) fell on Sunday, down by -23 points (-0.2%) to close at 12,232 levels. TASI began the session with a positive start, opening with a 9-point gain. However, it subsequently declined gradually throughout the session until the end. In general, 14 of 21 sectors closed in the red zone, and 145 shares fell while 77 rose. Utilities (-3.2%), Telecommunications (-0.9%), and Insurance (-1.4%) sectors contributed the most to the index fall. Stockwise, ACWA Power  (-3.7%), Alinma Bank (-1.7%), and Jabal Omar (-1.9%) were the major contributors to the index’s fall. The trading activity witnessed a decrease in volume and value of -30% and -29%, respectively, to reach 189mn shares and SAR4.9 bn in value traded.

 

Market Wrap International:

In the U.S., the market is optimistic about continued bullish momentum in tech and AI stocks and sectors like healthcare and financials as investors are watching key events like the Federal Reserve's meeting (which is expected to keep the interest rate unchanged), unemployment rate, and earnings from major companies such as Amazon and Apple.

In Europe, stock markets are set for a positive start next week, supported by recent performance trends and investor optimism. Key events, such as the Federal Reserve's meeting and the release of inflation data, will be critical in shaping market expectations and movements.

 

In Asia, doubts grew regarding the strength of the world's second-largest economy's recovery, as China's industrial profits declined in March and showed slower gains for the quarter compared to the preceding two months. Investors are now awaiting the upcoming meeting of the Federal Reserve, which could provide insights into the future direction of the markets.