Tadawul Review:

Tadawul All Share Index (TASI) rose on thuresday gaining 67 ‎points (+0.6%) to close at the 11,994.22 level. The index ‎opened strong but dipped during the first before steadily ‎climbing again as the day progressed. In general, 19 out of 21 ‎sectors closed in the green zone, and 185 shares rose while ‎‎39 fell. Banks (+0.8%), Materials (+0.8%), and Energy ‎‎(+0.4%) sectors contributed the most to the index rise. ‎Stockwise, Al Rajhi Bank (+0.4%), Maaden (+3.7%), and ‎Aramco (+0.4%) were the major contributors. The trading ‎activity witnessed a decrease in volume and value by -13% ‎and -20%, respectively, to reach 547mn shares and ‎SAR5.85bn in value traded.‎

 

 

Market Wrap International:

 Futures for equity markets indicated a slightly subdued start for Wall Street, as traders awaited crucial inflation data that could influence the Federal Reserve's stance on interest rate cuts. The S&P 500 rose by 0.6%, while the Nasdaq Composite and the Dow Jones Industrial Average rose by 0.3% and 1%, respectively.

In Europe, shares rose on Friday, primarily driven by evaluating the U.K.'s growth figures and anticipated the much-awaited fiscal stimulus from China. Investors were closely monitoring upcoming U.S. inflation data for clues about potential easing of price pressures and adjustments in Fed policy. Major indices, including the FTSE 100, Euro STOXX, and CAC 40, managed to post modest gains of 0.2%, 0.6%,0.5 %, respectively, buoyed by positive economic data and strong corporate earnings.

In the Asia-Pacific region, markets closed positively, following Wall Street's performance, where the S&P 500 and Dow Jones Industrial Average reached all-time highs, with investors largely dismissing geopolitical concerns. However, key Asian indices experienced declines, with the NIKKEI 225 rose by 0.6 %, and the KOSPI decreasing by -0.1%