Tadawul Review:

Tadawul All Share Index (TASI) fell on Sunday, dropping by 40 points (-0.3%) to close at 12,060. Although the index started the day with an initial gain of 10 points and continued to rise during the first few hours, it gradually lost momentum as the session progressed. Overall, 17 out of 21 sectors closed in the red zone, while 129 shares fell and 91 rose. Banks (-0.6%), Food and beverages (-1.3%), and Health care equipment and services (-1.1%) sectors contributed the most to the index fall. Stockwise, Riyad Bank (-2.1%), Al Rajhi Bank (-0.3%), and Almarai (-2.3%) were the major contributors. The trading activity witnessed an increase in volume by 19% to reach 443mn shares, while the value decreased by -31% to reach SAR3.3bn in value traded.

 

 

Market Wrap International:

As a weekly average, the S&P 500 fell by 0.3%, while the Dow Jones dropped 1.5%. In contrast, the NASDAQ rose 1.1%, driven by gains in tech stocks. These mixed results reflect varying performances across different market sectors. The Federal Reserve's interest rate decision on Wednesday, December 18, 2024, will be closely monitored for signals on future monetary policy.

As a weekly average, the FTSE 100 fell by 0.3%, while the DAX rose by 1%, and the CAC gained 1.6%. The EURO STOXX 600, representing a broader range of European stocks, increased by 0.3%. These mixed results reflect varying performances across European markets. The CPI (YoY) for November 2024 will be released for both the Eurozone and the UK, providing key insights into inflation trends in these regions.

As a weekly average, the SHCOMP rose by 1.4%, while the KOSPI declined by 0.74%. The NIKKEI 225 gained 0.9%, and the Hang Seng saw a significant increase of 2.8%. These results highlight varied performances across Asian markets.