Tadawul Review: 

Tadawul All Share Index (TASI) fell on Sunday, dropping by 6 points (-0.1%) to close at the 12,410 level. TASI started the session positively, opening with a gain of 12 points, but then fluctuated throughout the session, closing at its lowest point. Overall, 11 out of 21 sectors closed in the red zone, while 118 shares fell and 108 rose. Utilities (-0.8%), Real Estate (-0.4%), and Energy (-0.2%) sectors contributed the most to the index fall. Stockwise, ACWA Power (-1.0%), Al Rajhi Bank (-0.2%), and Bank AlBilad (-1.6%) were the major contributors. The trading activity witnessed a decrease in volume and value of -13% and -21%, respectively, to reach 238mn shares and SAR5.0bn in value traded.

 

 

Market Wrap International:

On Friday, the U.S. will release its January unemployment rate, a key piece of data that could give a clearer picture of the labor market and influence Fed policy going forward.

This week, the Eurozone’s January CPI report, set for Monday, February 3, 2025, will be a key event, as markets look for inflation signals that could influence future ECB policy. The Bank of England’s interest rate decision on Thursday will be closely watched this week, with traders waiting to see if there are any changes to the central bank’s approach to managing the UK economy.

China will release its January CPI on Saturday, which will be an important indicator for inflation trends and could offer insights into the country’s economic health.