Tadawul Review:

Tadawul All Share Index (TASI) rose on Sunday, gaining 183 points (+1.5%) to close at the 12,069 level. The session opened 116 points higher than the previous closing level and started to incline in the first 15 minutes before it started to fluctuate throughout the end of the session. In general, 20 out of 21 sectors closed in the green zone, and 19 shares fell while 213 rose. Banks (+2.0%), Utilities (+4.3%), and Materials (+1.0%) sectors contributed the most to the index raise. Stockwise, ACWA Power (+4.8%), Al Rajhi Bank (+1.9%), and Alinma Bank (+3.6%) were the major contributors. The trading activity witnessed an increase in volume by 19% and noticeable increase in value by 25%, to reach 917mn shares and SAR5.5bn in value traded.

 

 

Market Wrap International: 

As a weekly average, US indices showed mixed results. The ‎S&P 500 was nearly flat with a 0.01% gain, while the Dow ‎Jones fell by -0.45%. In contrast, the NASDAQ rose by 0.43%. ‎The Nonfarm Payrolls report for October in the U.S. is set to ‎be released on November 1st.‎

As a weekly average, European indices displayed a generally ‎negative trend. The FTSE 100 saw a minimal gain of 0.003%, ‎while both the DAX and CAC recorded declines of -0.02% and ‎‎-0.24%, respectively. The EURO STOXX 600 also fell by -‎‎0.23%. On October 30, 2024, the release of Germany's Q3 ‎GDP data will offer crucial insights into the country's economic ‎performance, impacting both domestic and European ‎markets. ‎

As a weekly average, Asian indices had mixed results. The ‎SHCOMP rose by 2.01%, while the KOSPI and NIKKEI 225 ‎declined by -0.94% and -2.34%. The Hang Seng saw a slight ‎increase of 0.002%, and the TOPIX fell by -1.64%, reflecting ‎varied market conditions across the region. On the 30th of ‎October, the Bank of Japan will announce its interest rate ‎decision.‎