Tadawul Review:

Tadawul All Share Index (TASI) rose for the third day on ‎Monday, up by +30 points (+0.3%) to close at 11,718 levels. ‎TASI started the session negatively, opening with a fall of -9 ‎points,, but then displayed fluctuations throughout the session ‎until it closed. In general, 8 out of 21 sectors closed in the ‎green zone, and 79 shares rose while 147 fell. Banks (+0.9%), ‎Telecommunications (+1.7%), and Energy (+0.3%) sectors ‎contributed the most to the index rise. Stockwise, Al Rajhi ‎Bank (+0.6%), Saudi Awwal Bank (+3.2%), and Aramco ‎‎(+0.4%) were the major contributors. The trading activity ‎witnessed an increase in volume and value of 9% and 42%, ‎respectively, to reach 213mn shares and SAR5.6bn in value ‎traded.‎

 

 

Market Wrap International:

in the global markets the Dow Jones Industrial Average down -0.1%, driven by strength in financials and industrials. S&P 500 increased by 0.1%, with technology and healthcare sectors leading the gains. Nasdaq Composite advanced 0.3%, as major tech firms showed positive performance.

In Europe, the stocks weighed down as initial worries over the results of France’s election gave way to optimism that politicians might not form a more moderate coalition to prevent significant influence from the far right. The euro also rebounded from earlier losses. FTSE 100 was down -0.1%, dragged by mining and energy stocks despite rising commodity prices, and France’s CAC 40 fell by -0.6%, weighed down by disappointing earnings reports from key companies.

Asian markets saw a decline, while Hong Kong is preparing for its most active IPO week of 2024 with six new listings. Japan’s Nikkei 225 declined by -0.3%, pressured by losses in technology and export-oriented companies. China’s Shanghai Composite decreased by -0.9%, affected by weaker performances in consumer goods and healthcare sectors. Hong Kong’s Hang Seng Index dropped by -1.5%, driven by declines in real estate and financial stocks. South Korea’s KOSPI fell by -0.2%, with semiconductor and automotive shares facing significant declines.