Tadawul Review:

Tadawul All Share Index (TASI) fell on Sunday, decreasing by ‎‎103 points (-0.8%) to close at the 12,272 level. TASI started ‎the session negatively, opening with a decline of 21 points ‎and continued to decrease gradually until the end of the ‎session. Overall, 13 out of 21 sectors closed in the red zone, ‎while 142 shares fell and 81 rose. Banks (-1.7%), Energy (-‎‎1.2%), and Food and beverages (-2.0%) sectors contributed ‎the most to the index fall. Stockwise, Al Rajhi Bank (-1.7%), ‎Aramco (-1.3%), and Saudi National Bank (-1.8%) were the ‎major contributors. The trading activity witnessed a decline in ‎volume and value of -12% and -25%, respectively, to reach ‎‎504mn shares and SAR6.2bn in value traded.‎

 

 

 

Market Wrap International:

 As a weekly average, U.S. indices saw gains, with the S&P 500 rising 1.25%, the Dow Jones up 0.92%, and the NASDAQ leading at 1.90%. This week, the release of Initial Jobless Claims on Thursday, October 3rd, will provide key insights into the health of the US labor market.

As a weekly average, European indices showed mixed results. The FTSE 100 rose slightly by 0.04%, while the DAX gained 1.79% and the CAC led with a 1.90% increase. The EURO STOXX 600 also saw a solid rise of 1.01%, reflecting overall positive sentiment. On Tuesday, October 1st, Europe will release the Year-over-Year Consumer Price Index (CPI) for September.

 

As a weekly average, Asian indices posted strong gains, led by the Hang Seng at 8.90% and the SHCOMP at 7.34%. The Nikkei 225 rose by 4.48%, while the TOPIX increased by 3.55% and the KOSPI gained 1.95%.