Tadawul Review:

Tadawul All Share Index (TASI) rose on Sunday, gaining 26 ‎points (+0.2%) to close at the 12,048 level. The monthly loss ‎was 204 points (MoM: -1.7%), while year-to-date (YTD) ‎there was a 0.5% increase. The index opened higher by 23 ‎points but faced fluctuations until the end of the session. In ‎general, 10 out of 21 sectors closed in the green zone, and ‎‎103 shares rose while 124 fell. Utilities (+2.5%), Capital goods ‎‎(+1.9%), and Energy ‎‎ (+0.3%) sectors contributed the most to ‎the index rise. Stockwise, ACWA Power (+3.2%), Aramco ‎‎(+0.4%), and Riyadh Cables Group (+10.0%) were the major ‎contributors. The trading activity witnessed a decrease in volume and value of -17% and -36%, respectively, to reach 459mn shares and SAR4.2bn in value traded.

 

 

 

Market Wrap International: 

As a weekly average, U.S. indices exhibited mixed performance. The S&P 500 fell by 0.66%, and the Dow Jones ‎declined more sharply by 1.58%. In contrast, the NASDAQ saw a slight gain of 0.22%. An important event happening this week is the US elections scheduled for ‎Tuesday.

As a weekly average, European indices experienced declines, with the FTSE 100 down 1.17% and the EURO STOXX ‎‎600 falling by 1.15%. The DAX and CAC also posted losses, dropping 0.57% and 0.90%, respectively. This trend reflects ‎ongoing market challenges across the region. The Bank of England's interest rate decision will take place this ‎Thursday, November 7.

As a weekly average, Asian indices showed a mixed performance. The SHCOMP rose by 0.34%, and the Nikkei 225 ‎gained 0.62%, indicating positive momentum in those markets. The KOSPI also edged up slightly by 0.10%. However, ‎the Hang Seng faced a decline of 0.43%, reflecting challenges in the Hong Kong market.‎