Tadawul Review: 

Tadawul All Share Index (TASI) advanced slightly to 11,560.39 increasing by 7 points, TASI exhibited a positive opening, with ‎an increase of 11 points and continued fluctuating throgohut the session until the end. ‎In general, 5 out of 20 sectors closed in the green zone, ‎while 70 shares rose and  155 fell. Banks (+1.2%), Health care equipment and services‎‎ (+0.8%), and Energy (+0.3%) sectors contributed the most ‎to the index rise. Stockwise, Al Rajhi Bank (+1.4%), SNB ‎‎(+1.6%), and Aramco (+0.4%) were the major contributors. The ‎trading activity witnessed a decrease in volume and value by ‎‎-13% and -20%, respectively, to reach 249mn shares and ‎SAR6.5bn in value traded.‎

 

 

 

Market Wrap International:

The U.S. stock market closed negatively, with the S&P 500 and Nasdaq Composite both falling by -0.1% and -0.2% respectively. Investors focused on analyzing employment data and monitoring interest rate trends, influenced by the recent decision of the European Central Bank (ECB).

In Europe, the Euro Stoxx 600 index fell by -0.2% on Friday, and the FTSE 100 index fell too by -0.5%. The European Central Bank (ECB) recently implemented its first interest rate cut in five years but has not disclosed its future plans due to increasing uncertainty surrounding inflation following a significant slowdown over the past year.

Asian markets had mixed performance, with China's SHCOMP index rising by 0.1%. However, in Japan, the TOPIX index declined by -0.1% and the NIKKEI 225 index slipped by -0.1% amid discussions about reducing the central bank's bond buying as part of a gradual exit from extensive monetary stimulus.