Tadawul Review:

Tadawul All Share Index (TASI) fell on Sunday, falling ‎by -28 points (-0.2%) to close at the 12,103 level. TASI ‎opened modestly higher, edging up by one point from ‎the previous close. After a brief dip in the first 15 ‎minutes of trading, the index regained momentum and ‎rose steadily. However, about an hour before the close, ‎it reversed course, drifting lower until the session's end. ‎Overall, 15 out of 21 sectors closed in the red zone, ‎while 144 shares fell and 82 rose. Utilities (-3.6%), ‎Materials (-0.7%), and Food and beverages (-1.1%) ‎sectors contributed the most to the index fall. ‎Stockwise, ACWA Power (-4.6%), Maaden (-3.3%), and ‎Almarai (-1.6%) were the major contributors. The ‎trading activity witnessed a decrease in volume and ‎value of -57% and -19%, respectively, to reach 526mn ‎shares and SAR6.1bn in value traded.‎

 

 

Market Wrap International: 

As a weekly average, U.S. indices saw solid gains, with the S&P 500 up 1.69%, the Dow Jones rising 2.32%, and the NASDAQ gaining 2.10%. These increases reflect positive investor sentiment across sectors. The US CPI YoY for October will be released on Wednesday, November 13, 2024.

European indices ended in the red, as a weekly average, with the FTSE 100 down -0.53%, the DAX falling -0.60%, and the CAC dropping -0.92%. The EURO STOXX 600 slipped -0.96%. The German CPI MoM for October, a key inflation indicator, will be released on Tuesday, November 12, 2024.

As a weekly average, Asian markets were mixed. The Shanghai Composite rose 3.51%, the Hang Seng gained 1.26%, and Japan's Nikkei 225 and TOPIX increased 0.50% and 0.94%. The KOSPI fell -0.52%. Japan's GDP QoQ for Q3 will be released on Thursday, November 14, 2024.