2024-12-25
Daily Market Monitor 25-12-2024
Tadawul All Share Index (TASI) fell on Tuesday, dropping by -35 points (-0.3%) to close at 11,914. The index opened trading 7 points above its previous close. TASI faced fluctuations during the first half hour, then started to decline gradually until the end of the session. Overall, 17 out of 21 sectors closed in the red zone, while 168 shares fell and 64 rose. Energy (-0.9%), Materials (-0.5%), and Retailing (-1.1%) sectors contributed the most to the index fall. Stockwise, Aramco (-0.9%), Sulaiman Al Habib (-1.3%), and Sabic Agri-Nutrients (-1.8%) were the major contributors. The trading activity witnessed an increase in volume by 283% to reach 745mn shares, while the value decreased by -22% to reach SAR3.8bn in value traded.
Market Wrap International:
US stock index futures inched up on Tuesday in thin trading ahead of the Christmas holiday, recovering after the major technology stocks posted gains, bringing some stability to the market. The NASDAQ surged by 1.3%, the S&P 500 rose by 1.1%, and the Dow Jones Industrial Average climbed by 0.9%.
European markets were up on Tuesday, as trading took place in a shortened session due to Christmas Eve. The FTSE 100 increased by 0.4%, the Euro STOXX 600 gained 0.2%, and the CAC 40 saw a modest rise of 0.1%.
Asian markets were mixed on Tuesday after Wall Street overcame a shaky start to close higher the day before, marking the beginning of a holiday-shortened week. Key indices such as the SHCOMP rose by 1.3% and the Hang Seng up by 1.1%. Meanwhile, the NIKKEI 225 and KOSPI saw declines, falling by -0.3% and -0.1%, respectively.
Daily Market Monitor 25-12-2024
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