Tadawul Review:

Tadawul All Share Index (TASI) fell on Thuresday, losing 16 points (-0.1%) to close at the 11,886 level. The session opened 17 points lower than the previous closing level and started to gradually decline throughout the end of the session. In general, 13 out of 21 sectors closed in the red zone, and 161 shares fell while 59 rose. Banks (-0.2%), Real Estate (-0.9%), and Materials (-0.3%) sectors contributed the most to the index fall. Stockwise, Alinma Bank (-1.2%), Saudi National Bank (-0.6%), and Makkah Construction (-3.0%) were the major contributors. The trading activity witnessed a significant decrease in volume by -44% and slight decrease in value by -7%, to reach 768mn shares and SAR4.7bn in value traded.

 

 

Market Wrap International: 

U.S. stocks wrapped up Friday on a mixed note as Treasury yields surged, driving markets to a weekly loss. The ongoing strong earnings season was weighed down by uncertainty surrounding the Fed’s potential moves. The Nasdaq Composite increased by 0.6%, the S&P 500 fell by -0.03%, and the Dow Jones Industrial Average declined by -0.6%.

 

European markets ended Friday with minor losses, concluding a predominantly negative week for global stocks as third-quarter earnings picked up pace. The CAC 40 slipped by -0.1%, while the FTSE 100 declined by -0.2%. In contrast, the DAX managed a modest gain of 0.1%, and the Euro STOXX 600 experienced a slight dip of -0.03%.

 

On Friday, Asian stock markets were mixed. The Nikkei in Japan and key indices in China were notably influenced by deteriorating economic indicators and rising Treasury yields. Asian markets saw declines, with the Hang Seng index rising by 0.5%, the Nikkei 225 falling by -0.6%, and the KOSPI increasing by 0.1%.