Tadawul Review:

Tadawul All Share Index (TASI) rose on Sunday, up by +105 ‎points (+0.9%) to close at 11,772 levels. TASI began the ‎session positively, opening with a 68-point rise, it declined ‎during the first hours of the session, then gradually rose until ‎the end. In general, 19 out of 21 sectors closed in the green ‎zone, and 162 shares rose while 61 fell. Banks (+1.0%), ‎Materials (+1.2%), and Insurance (+2.2%) sectors contributed ‎the most to the index rise. Stockwise, Saudi National Bank ‎‎(+2.3%), Aramco (+0.7%), and Maaden (+5.3%) were the ‎major contributors. The trading activity witnessed a decrease ‎in volume and value of -15% and -24%, respectively, to reach ‎‎241mn shares and SAR5.1bn in value traded.‎

 

 

 

Market Wrap International: 

U.S. indices saw a decline as a weekly average, with the S&P 500 down -3.40%, the Dow Jones dropping -3.36%, and the NASDAQ falling -4.55%. This broad-based retreat highlights a period of increased market volatility. Last week, U.S. indices showed varied performance. The S&P 500 ended down 3.00%, with fluctuations including a 1.04% rise and a 2.30% gain. The Dow Jones decreased by -2.60%, with slight recoveries such as 0.76% and 1.76%. The NASDAQ fell by -3.43%, featuring a 2.87% uptick amidst its losses.

As a weekly average, European indices experienced a notable downturn, with the FTSE 100 declining by -2.12%, the DAX dropping -3.60%, the CAC 40 falling -2.73%, and the EURO STOXX 600 decreasing by -3.40%. This broad decline reflects a challenging week for European markets. Last week, European indices showed mixed results. The FTSE 100 fell by -2.04%, with a notable 1.75% gain amidst its losses. The DAX decreased by -1.82%, featuring a 1.50% rise. The CAC 40 was down -1.42%, despite a 1.91% uptick. The EURO STOXX 600 ended the week down -2.17%, with a 1.54% increase.

As a weekly average, Asian indices faced substantial declines, with the SHCOMP down -1.50%, the KOSPI falling -7.66%, and the NIKKEI 225 dropping -10.02%. The Hang Seng Index decreased by -1.90%, while the TOPIX saw the most significant drop at -10.73%. Last week, Asian indices displayed a mix of performance. The SHCOMP fell by -1.54%, with a modest 0.23% gain. The KOSPI dropped -8.77%, despite a 3.30% rise. The NIKKEI 225 was down -12.40%, featuring a notable 10.23% increase. The Hang Seng decreased by -1.46%, with a 1.38% uptick. The TOPIX declined -12.23% but saw a 9.30% gain.