Tadawul Review:

Tadawul All Share Index (TASI) rose on Sunday, gaining 32 ‎points (+0.3%) to close at 12,386. The trading session began ‎positively, with a 13-point increase compared to the previous ‎close, and continued to rise until the index suddenly jumped ‎by 46 points before midday. It maintained the positive ‎upward trend until the close. In general, 17 out of 21 sectors ‎closed in the ‎green zone, and 161 shares rose while 69 fell. ‎Real Estate ‎‎(+1.3%), Utilities (+1.0%), and Banks (+0.1%) ‎sectors contributed the ‎most to the index rise. Stockwise, ‎ACWA Power ‎‎(+1.3%), Jabal Omar (+2.4%), and Aldrees ‎Petroleum (+4.8%) ‎were the major contributors. The trading ‎activity witnessed an increase in volume of 185% to reach ‎‎720mn while the value decreased by -23% to reach SAR5.1bn ‎value traded.‎

 

 

 

Market Wrap International:

The Federal Reserve’s interest rate decision on Wednesday, January 29, 2025, will be a key event, as markets eagerly await signals on the central bank’s monetary policy direction.

 

Two major events will drive European market sentiment this week: the ECB Interest Rate Decision on Thursday, January 30, 2025, and Germany’s Q4 GDP (QoQ) release on Friday, January 31, 2025, both providing key insights into monetary policy.

Both China and South Korea will observe their New Year holidays this week. Chinese New Year runs from January 28 to February 3, and Korean New Year from January 28 to 30.