Tadawul Review:

Tadawul All Share Index (TASI) rose on Monday’s session, ‎rising by 122 points (+1.0%) to close at the 11,813 level. TASI ‎opened the session positevly by +6 points and continued to ‎rise gradually during the session until the end. Overall, 19 out ‎of 20 sectors closed in the green zone, while 125 shares rose ‎and 80 fell. Banks (+1.9%), Materials (0.6%), and Telecom ‎‎(+1.0%) sectors contributed the most to the index rise. ‎Stockwise, Al Rajhi Bank (+2.6%), Bank AlBilad (+5.2%), and ‎Saudi National Bank (+1.0%) were the major contributors. ‎The trading activity witnessed an increase in volume and ‎value by +15% and +30%, respectively, to reach 199mn ‎shares and SAR6.0bn in value traded.‎

 

 

Market Wrap International:

In the U.S., investors are counting on the so-called Santa Claus ‎rally to bring record highs and expect a strong interest in ‎stocks, with a significant inflow of $6.4 billion in U.S. equities ‎from BofA clients. the highest weekly net inflow since October ‎‎2022. However, markets were closed on Monday and will ‎resume on Tuesday.‎

In Europe, markets remained shut on Monday, while Russia's ‎central bank stated that they might need two to three months ‎to ensure a steady decline in inflation before considering any ‎interest rate cuts creating uncertainty to the investor ‎sentiment on interest rate expectations.‎

In Asia, shares were higher after Wall Street capped its eighth ‎straight winning week with a quiet finish following reports ‎showing inflation on the way down and the economy ‎potentially on the way up. In China, the Shanghai Composite ‎index saw an increase of +0.1% and the Japan's benchmarks, ‎Topix (+0.04%) and Nikkei 225 (+0.3%), showing a positive ‎performance.‎