Tadawul Review:

Tadawul All Share Index (TASI) fell on Monday, falling by -19 points (-0.2%) to close at the 11,963 level. TASI started the session negatively, opening with a fall of 1 point, then displayed gradually throughout the session until it closed. Overall, 11 out of 21 sectors closed in the red zone, while 109 shares fell and 113 rose. Insurance (-1.0%), Banks (-0.1%), and Health care equipment and services (-0.8%) sectors contributed the most to the index fall. Stockwise, Riyad Bank (- 2.1%), Saudi Awwal Bank (-2.0%), and ACWA Power (-0.5%) were the major contributors. The trading activity witnessed an increase in volume and value of 54% and 15%, respectively, to reach 618mn shares and SAR5.7bn in value traded.

 

 

 

Market Wrap International:

U.S. stock indices edged higher on Monday as Wall Street sought to recover from last week's steep losses. The rebound came amid ongoing debate over the scale and timing of potential Federal Reserve interest rate cuts, following a weaker-than-expected jobs report. The Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite all increased by 1.2%. European equities saw a modest rebound on Monday after a recent selloff. London's FTSE 100 gained, driven by travel and leisure stocks following a positive forecast from Entain. Broader European indices also rose as investors awaited key labour market data later in the week. The CAC 40 rose by 1%, the DAX climbed by 0.8%, and the FTSE 100 increased by 1.1%. Asian markets experienced a drop, after Wall Street suffered another significant decline. The release of a crucial U.S. job market report intensified economic concerns. Asian markets experienced downturns, with the Hang Seng index falling by -1.4%, the Nikkei 225 decreasing by -0.5%, and the KOSPI dropping by - 0.3%.