Tadawul Review:

Tadawul All Share Index (TASI) fell on Sunday, slipping ‎‎185 points (-1.8%) to close at 10,364. The index opened ‎‎11 points below its previous close and continued a ‎gradual decline throughout the session. In general, 21 ‎out of 21 sectors closed in the red zone, while 237 ‎shares fell and 20 rose. Banks (-1.9%), Energy (-1.6%), ‎and Materials (-1.7%) sectors contributed the most to ‎the index fall. Stockwise, Al Rajhi Bank (-1.7%), Aramco ‎‎(-1.6%), and Saudi National Bank (-2.3%) were the major ‎contributors. The trading activity witnessed an increase ‎in volume and value of 80% and 60%, respectively, to ‎reach 171mn shares and SAR2.6bn in value traded.‎

 

 

Market Wrap International:

U.S. equities concluded the holiday-shortened week mixed as subdued liquidity and year-end positioning dominated trading. With no major macro releases or policy signals, investor focus remained on upcoming January inflation and labour data, while relative outperformance in industrials and financials contrasted with softer performance in technology shares.

European markets ended the week higher amid light trading volumes, supported by stable bond yields and easing energy prices. Year-end rebalancing flows underpinned selective gains across industrial and consumer sectors, while investor sentiment remained cautious in light of the European Central Bank’s continued emphasis on restrictive policy and inflation risks.

Asian markets advanced where trading was open, led by Hong Kong and South Korea, as improved global risk sentiment supported equities. Trading activity was reduced by New Year holidays in mainland China and Japan, while underlying concerns around China’s growth outlook and regional demand conditions remained present.