Tadawul Review:

Tadawul All Share Index (TASI) fell on Monday, dropping by -‎‎31 points (-0.3%) to close at 11,741. TASI started the session ‎negatively, opening with a 2-point decline. Although it ‎gradually rose during the session, at auction close, the index began to decline until the last point, continuing until the end. Overall, 15 out of ‎‎21 sectors closed in the red zone, while 154 shares fell and 69 ‎rose. Banks (-0.7%), Materials (-0.5%), and Food and ‎beverages (-0.8%) sectors contributed the most to the index ‎fall. Stockwise, Al Rajhi Bank (-0.6%), Sulaiman Al Habib (-‎‎1.9%), and Maaden (-2.0%) were the major contributors. The ‎trading activity witnessed an increase in volume and value of ‎‎5% and 20%, respectively, to reach 252mn shares and ‎SAR6.1bn in value traded.‎

 

 

 

Market Wrap International: 

U.S. equity futures were largely steady on Monday as investors awaited key inflation data, recovering almost entirely from last week’s dramatic market plunge. The Nasdaq Composite gained 0.2%, the Dow Jones Industrial Average saw a slight decrease of -0.4%, and the S&P 500 remained unchanged.

European stocks opened the week higher, tracking the gains in the Asia-Pacific region, as they continued to recover from recent volatility, with the focus now on upcoming US and UK inflation. The CAC 40 edged down by -0.3%, and the FTSE 100 climbed by 0.5%, and DAX remained unchanged.

 

Most Asian stocks rose on Monday, extending a rebound from last week, amid growing hopes that concerns over a U.S. recession were overblown, with focus turning squarely to a string of key inflation readings this week. Asian markets saw gains, with key indices such as the Hang Seng rising by 0.1%, and KOSPI up by 1.2%.