Tadawul Review: 

Tadawul All Share Index (TASI) fell on Sunday, dropping -33 points (-0.3%) to close at 12,070. TASI began the session at roughly the same level as its previous close, then gradually declined until the end of the session. Overall, 11 out of 21 sectors closed in the red zone, while 106 shares fell and 119 rose. Banks (-0.8%), Materials (-0.6%), and Utilities (-0.9%) sectors contributed the most to the index fall. Stockwise, Al Rajhi Bank (-1.2%), ACWA Power (-1.0%), and Riyad Bank (-1.4%) were the major contributors. The trading activity witnessed a decrease in volume and value of -11% and -24%, respectively, to reach 255mn shares and SAR4.2bn in value traded.

 

 

Market Wrap International:

Upcoming international market events: On Wednesday, January 8, 2025, the Federal Reserve will release the minutes from its latest FOMC meeting, offering crucial insights into policymakers' views on economic conditions and the future path of interest rates.

 

On Tuesday, January 7, 2025, the Eurozone will release its Consumer Price Index (CPI) for December, providing critical insights into inflation trends and the region's economic health heading into the new year.

 

On Monday, January 6, 2025, Japan will hold its 10-year JGB auction, a key event that will provide insights into investor demand for government debt.