Tadawul Review: ‎

Tadawul All Share Index (TASI) rose for the third ‎consecutive day on Monday, gaining 29 points (+0.2%) to ‎close at 11,883. The trading session began positively, ‎with a 29-point increase compared to the previous ‎close, and continued to rise until the middle of the ‎session. It then gradually declined until the end but ‎remained in the green zone. In general, 7 out of 21 ‎sectors closed in the ‎green zone, and 100 shares rose ‎while 142 fell. Banks ‎‎(+1.1%), Materials (+0.4%), and ‎Telecommunications (+0.6%) sectors contributed the ‎‎most to the index rise. Stockwise, Saudi National Bank ‎‎‎(+2.5%), Al Rajhi Bank (+0.6%), and Alinma Bank (+1.5%) ‎‎were the major contributors. The trading activity ‎witnessed an increase in volume and value of 11% and ‎‎17%, respectively, reaching 236 million shares and SAR ‎‎5.4 billion in value traded.‎

 

 

 

 

 

Market Wrap International:

U.S. stocks rose for a second consecutive session on Monday, continuing their rebound from last week’s sharp selloff. Industrial and energy shares led gains as economic data, though weaker than expected, helped ease fears of an imminent recession. The S&P 500 saw broad-based advances, with real estate up 1.65%, energy rising 1.56%, and consumer staples gaining 1.55%. The S&P 500 rose by 0.6%, and the Nasdaq gained by 0.3%, and the Dow Jones Industrial Average by 0.9%.

European stocks ended the first session of the week higher, as investors assessed ongoing trade uncertainty and monitored global market volatility. The CAC 40 rose by 0.6%, the DAX gained 0.7%, the Euro STOXX 600 advanced by 0.8%, and the FTSE 100 edged up by 0.6%.

Asian stocks climbed as a rebound in the technology sector and optimism over China’s stimulus measures lifted investor sentiment. The Hang Seng rose by 0.8%, the SHCOMP increased by 0.2%, the Nikkei 225 advanced 0.9%, and the KOSPI gained by 1.7%.