Tadawul Review:

Tadawul All Share Index (TASI) rose on Thursday, gaining 37 ‎points (+0.3%) to close at 12,131. TASI began the session ‎positively, opening with a gain of 33 points, but then ‎fluctuated until the end of the session. In general, 10 out of ‎‎21 sectors closed in the green zone, and 113 shares rose ‎while 111 fell. Banks (+1.3%), Energy (+1.6%), and Insurance ‎‎(+0.5%) sectors contributed the most to the index rise. ‎Stockwise, Al Rajhi Bank (+2.0%), Aramco (+1.6%), and Riyad ‎Bank (+1.7%) were the major contributors. The trading ‎activity witnessed an increase in volume by 26% to reach ‎‎1.2bn shares, while the value decreased by -1% to reach ‎SAR7.5bn in value traded.‎

 

 

Market Wrap International: 

U.S. stocks surged to record highs, and the dollar posted its largest gain in eight years following Donald Trump's landmark re-election victory. The Dow Jones Industrial Average gained 0.6%, the S&P 500 rose by 0.4%, and the NASDAQ climbed by 0.1%.

Investors in European markets saw a decline on Friday as they absorbed corporate earnings reports and the quarter-point rate cuts from both the U.S. Federal Reserve and the Bank of England. The CAC 40 dropped by -1.2%, while the DAX and FTSE 100 both declined by -0.8%.

Asia's markets, which had started the day on a positive note, stumbled on Friday as traders tried to keep pace with Wall Street’s record-setting performance post-Federal Reserve rate cut, while also factoring in the potential impact of a second Trump administration. Key indices, including the Hang Seng, SHCOMP, and KOSPI, saw declines of -1.1%, -0.5%, and -0.1%, respectively. In contrast, the NIKKEI 225 rose by 0.3%.