Tadawul Review: 

Tadawul All Share Index (TASI) rose for the fourth day on Sunday, up by +41 points (+0.3%) to close at 12,619 levels. TASI started the session positively, opening with a gain of +40 points and continued to rise, reaching its intraday high within the first trading hour before paring back some of its gains. In general, 13 of 21 sectors closed in the green zone, and 150 shares rose while 65 fell. Energy (+1.4%), Real Estate (+2.7%), and Materials (+0.7%) sectors contributed the most to the index rise. Stockwise, Aramco (+1.4%), Jabal Omar (+4.1%), and Saudi Fransi (+1.9%) were the major contributors to the index’s rise. The trading activity witnessed a decline in volume and value of -29% and -22%, respectively, to reach 312mn shares and SAR7.6bn in value traded.

 

 

 

Market Wrap International:

In the U.S., the markets had a turbulent week, with New York Community Bank (NYCB) stock halted on Wednesday after a sharp decline. Investors, focused on earnings and monetary policy, are now factoring in strong job growth from a government report, which may influence the Federal Reserve's stance on interest rate cuts. Next week's data on consumer prices (CPI) and retail sales will provide further guidance for investors.

In Europe, investors are closely watching for key indicators in the upcoming week, including U.S. inflation data and GDP figures from the UK and Germany. These factors will influence investor sentiment as policymakers lean towards a potential interest rate cut in June.

In Asia, markets gearing up for the upcoming week, focusing on important developments. The potential end of negative interest rates by Bank of Japan policymakers and the rise in China's consumer prices due to Lunar New Year spending are key factors shaping investor preparations.