Tadawul Review: 

Tadawul All Share Index (TASI) rose on Wednesday’s session ‎for the fifth day by 56 points (+0.5%) to close at 11,373 ‎levels. TASI opened the session positively with a 23‎‏ ‏points ‎gain and continued to rise while facing some volatility, ‎reaching its intraday high of 62 points before experiencing a ‎slight decline at the end of the session. In general, 14 out of ‎‎20 sectors closed in the green zone, while 116 of 223 shares ‎rose and 85 fell. Banks (+0.9%), Telecommunications (+1.1%), ‎and Real Estate (+1.3%) sectors contributed the most to the ‎index's rise by 46 points. Stockwise, Saudi National Bank ‎‎(+2.3%), Saudi British Bank (+2.0%), and Jabal Omar (+3.6%) ‎were the major contributors. The trading volume activity ‎decreased by -5.2% DoD to reach 181mn shares, while the ‎trading value increased by 3.5% DoD to reach SAR6.9bn.‎

 

 

Market Wrap International:

The global equity indices showed similar trends of sideways ‎moves as depicted in the past few sessions. The wait and see ‎game over the central banks’ policy decision next week has ‎made the markets more directionless. The data from Chin and ‎the U.S too did not require any major reaction by the ‎investors. In the U.S, the equity benchmarks, S&P 500 and ‎Nasdaq Composite moved in a narrow range and closed with ‎‏0.4‏‎% and ‎‏1.3‏‎% losses. Energy and Real Estate‏ ‏were the major ‎performers on the S&P 500 Index.‎

In Europe, the Stoxx Europe 600 Index too was broadly ‎unchanged and investors discounted the positive results. The ‎country level indices too were broadly steady.‎

In Asia, the export data from China carried a negative surprise ‎for investors. However, the impact of the negative surprise on ‎the equity indices was rather muted due to expectations of ‎new stimulus measures by the government. Hang Seng (0.8%), ‎and TAIEX (+1%) were the major gainers while Topix (+1.3%) ‎dropped on the profit taking.‎