Tadawul Review:

Tadawul All Share Index (TASI) closed almost unchanged at ‎‎11,256 levels on Monday amid fluctuation around its ‎previous close. The index initially rose during the first trading ‎hour, reaching its intraday high of 43 points before it began ‎declining. The rest of the session was turbulent, with ‎fluctuations in the index. In general, 10 out of 20 sectors ‎closed in the red, while 109 stocks fell and 107 rose. Health ‎care equipment and services (-1.0%), Materials (-0.2%), and ‎Food and beverages (-0.8%) sectors contributed the most to ‎the index's fall of -10 points. Stockwise, Maaden (-1.7%), ‎ACWA Power (-1.4%), and Almarai (-1.7%) contributed most ‎to the fall of the index. The trading activity witnessed an ‎increase in volume and value by 13% and 12%, respectively, ‎to reach 209mn shares and SAR5.6bn in value traded. The ‎index is likely to show similar sideways moves in the next few ‎sessions. ‎

 

 

Market Wrap International:

The global equity markets picked up from where they have ‎left off last week and recorded another session of gains on ‎Monday amid easing concerns on the U.S banking crisis, riple-‎off effects of the positive job report in the U.S and positive ‎sentiments on the reforms in state owned enterprises in ‎China. The key benchmarks in the U.S gave up most of ‎intraday gains to close with little change. Communication ‎‎(media entertainment) Financials and discretionary were the ‎three major gainers on the S&P 500 Index.‎

In Europe, the Stoxx Europe 600 Index recorded its third ‎straight session of gains despite low volumes. The U.K market ‎was closed for trading due to the national holiday. The other ‎country level indices moved in divergent directions (CAC ‎‎40: +0.1, DAX: -0.05%). Healthcare and Financials were the two ‎major gainers for the day.‎

In Asia, the major gauges in the region remained positive ‎Barring indices in Japan (TOPIX: -0.2%, financials being the ‎biggest drag) with investors overlooking concerns associated ‎with the stress in the U.S mid-sized banks and announcement ‎of new guidelines for state-owned enterprises for issuance of ‎bonds. Shanghai Composite (+1.8%), Hang Seng (+1.2%) and ‎Sensex (+1.2%) were the major gainers. Rest of the indices ‎moved higher by +0.2-0.5%.  ‎