Tadawul All Share Index (TASI) fell on Sunday, dropping by 8 points (-0.1%) to close at 11,756. The index opened positively, up 26 points from the previous close, but then declined throughout the session, reaching its lowest point by the end. Overall, 9 out of 21 sectors closed in the red zone, while 154 shares fell and 86 rose. Banks (-0.3%), Telecommunications (-0.6%), and Utilities (-0.6%) sectors contributed the most to the index fall. Stockwise, Saudi National Bank (-1.4%), ACWA Power (-0.7%), and Etihad Etisalat (-1.9%) were the major contributors. The trading activity witnessed a decrease in volume of -25% to reach 298mn and fell in value by 39% to reach SAR4.2bn value traded.
Market Wrap International:
Major corporate earnings from tech and consumer giants Apple, Amazon, Microsoft, Meta Platforms, ExxonMobil, Coca-Cola, and McDonald’s will headline the week, making it a key period for market sentiment. In addition, the U.S. will release its Q1 GDP figures and Core PCE Price Index (YoY) for March on Wednesday, April 30, providing fresh insights into economic growth and inflation trends. Investors will also keep a close eye on ongoing trade policy developments and potential Fed rate moves, which continue to shape broader market expectations.
In Europe, corporate earnings remain in focus, with investors closely watching the effects of U.S.-China trade tensions. Key economic releases this week include Germany’s Q1 GDP and April CPI figures on Wednesday, April 30, while Eurozone CPI (YoY) for April will be released on Friday, May 2.
In Asia, the Bank of Japan’s interest rate decision on Wednesday, April 30, 2025, will be the main event, with markets closely monitoring for any monetary policy shifts. Japan will also release key data including industrial production, retail sales, and inflation figures, while China reports on industrial profits and other economic indicators.