Tadawul Review:

Tadawul All Share Index (TASI) rose on Monday, with a ‎slight gain of 3 points (+0.03%) to close at 12,106. TASI ‎started the session positively, opening with a rise of 4 ‎points, but then displayed fluctuations throughout the ‎session until the close. In general, 7 out of 21 sectors ‎closed in the green zone, and 92 shares rose while 133 ‎fell. Banks (+1.0%), Real Estate (+0.7%), and Retailing ‎‎(+0.5%) sectors contributed the most to the index rise. ‎Stockwise, Saudi National Bank (+2.4%), Al Rajhi Bank ‎‎(+0.6%), and Alinma Bank (+1.6%) were the major ‎contributors. The trading activity witnessed an increase ‎in volume and value by 79% and 23%, respectively, to ‎reach 939mn shares and SAR7.5bn in value traded.‎

 

 

 

 

 

Market Wrap International: 

Following Donald Trump’s win in the U.S. presidential election, investors showed a strong appetite for U.S. assets, positioning U.S. stocks to build on their recent rise to new highs. The S&P 500 and the NASDAQ both climbed by 0.1%, and the Dow Jones Industrial Average gained 0.7%.

European stocks started the week in positive territory on Monday, as a full schedule of data releases began and investors examined what Donald Trump’s presidency might mean for the markets. The CAC 40 and DAX rose by 1.2%, and the FTSE 100 increased by 0.7%.

 

Most Asian stocks were mixed on Monday, as China’s recent fiscal stimulus measures were seen as underwhelming, and weekend data pointed to continued deflation. Key indices such as the SHCOMP and the Nikkei 225 saw modest gains, rising by 0.5% and 0.1%, respectively. In contrast, the Hang Seng and KOSPI experienced declines, falling by -1.5% and -1.2%, respectively.