Tadawul Review: 

Tadawul All Share Index (TASI) rose on Sunday, gaining 33 points (+0.3%) to close at 11,893. The trading session began at the same level as the previous close, with no change. Initially, the index started to gradually decline until the middle of the session, then rebounded and continued to rise until the end of the session. In general, 10 out of 21 sectors closed in the green zone, and 140 shares rose while 86 fell. Banks (+0.5%), Real Estate (+2.2%), and Utilities (+1.5%) sectors contributed the most to the index rise. Stockwise, ACWA Power (+1.8%), Saudi National Bank (+1.5%), and Dar Al Arkan (+5.0%) were the major contributors. The trading activity witnessed a decrease in volume by -26% to reach 339mn shares, while the value increased by 26% to reach SAR3.5bn in value traded.

 

 

Market Wrap International:

On Thursday, January 2, 2025, the ISM Manufacturing PMI for December will be released, offering key insights into the health of the U.S. manufacturing sector, coming just after the U.S. New Year's Day holiday on Wednesday, January 1, 2025.  

On Wednesday, January 1, 2025, most European markets will be closed in observance of New Year's Day, 

The Manufacturing PMI for China for December will be released on Monday, December 30, 2024, providing important insights into the health of the country's manufacturing sector.