Tadawul Review: 

Tadawul All Share Index (TASI) rose on Sunday, gaining 76 points (+0.6%) to close at 12,332. The trading session began positively, with an 8-point increase compared to the previous close, and this positive trend continued gradually until the end of the session. In general, 14 out of 21 sectors closed in the ‎green zone, and 148 shares rose while 78 fell. Utilities ‎‎(+3.7%), Materials (+1.0%), and Banks (+0.3%) sectors contributed the ‎most to the index rise. Stockwise, ACWA Power ‎‎(+4.6%), Saudi National Bank (+1.3%), and Elm Co. (+4.4%) ‎were the major contributors. The trading activity witnessed an increase in volume of 13% to reach 371mn while the value decreased by -12% to reach SAR5.3bn value traded.

 

 

Market Wrap International:  

On Thursday, January 23, 2025, the Bank of Japan’s interest rate decision will draw significant attention from global investors. Markets will be watching closely for any signals about the central bank’s future monetary policy direction.

Looking ahead to Friday, January 24, 2025, the release of the S&P Global Manufacturing PMI is expected to provide critical insights into the health of the global manufacturing sector.

Also on Friday, January 24, 2025, the HCOB Manufacturing PMI for France and Germany will shed light on the performance of Europe’s two largest economies.