Tadawul Review:

The Tadawul All Share Index (TASI) rose on Sunday, gaining 75 points (+0.63%) to close at the 12,069.21 level. The index opened strong and steadily climbed as the day progressed. In general, 18 out of 21 sectors closed in the green zone, with 189 shares rising while 35 fell. The Banks (+0.6%), Materials (+0.6%), and Insurance (+1.9%) sectors contributed the most to the index's rise. Stockwise, Al Rajhi Bank (+1.2%), Aramco (+0.6%), and Alinma (+1.2%) were the major contributors. Trading activity saw an increase in volume by 26%, while the value traded decreased by 2%, reaching 691 million shares and SAR 5.7 billion.

 

 

Market Wrap International: 

As a weekly average, U.S. indices saw gains, with the S&P 500 ‎rising 0.71%, the Dow Jones up 0.39%, and the NASDAQ ‎leading at 1.09%. The upcoming Retail Sales report on ‎October 17 will be a crucial indicator for stock markets, ‎reflecting consumer spending trends and offering insights into ‎economic growth and inflationary pressures.‎

As a weekly average, European indices showed mixed results. ‎The FTSE 100 declined slightly by -0.33%, while the DAX ‎gained 0.18% and the CAC fall with a -0.08% decrease. The ‎EURO STOXX 600 also saw a slight decline of -0.10%, ‎reflecting overall mixed sentiment. On Tuesday, October 15th, ‎Europe will release the Euro area Bank Lending Survey will be ‎released.

As a weekly average, Asian indices posted mixed resulrsts, led ‎by the Hang Seng at -2.18% and the SHCOMP at -0.47%. The ‎Nikkei 225 rose by 2.59%, while the TOPIX increased by 1.48% ‎and the KOSPI gained 0.90%. ‎