Reports

2026-01-29

Daily Market Monitor 29-01-2026

Tadawul Review:

Tadawul All Share Index (TASI) rose for the sixth ‎consecutive day on Wednesday, gaining 76 points ‎‎(+0.7%) to close at 11,458. The index opened 34 points ‎above its previous close. It initially showed a sharp ‎decline, then experienced some fluctuation. Before ‎closing, it increased again, remaining in the green zone ‎throughout the session. In general, 16 out of 21 sectors ‎closed in the green zone, and 117 shares rose while 139 ‎fell. Energy (+1.5%), Banks (+0.6%), and Insurance ‎‎(+2.3%) sectors contributed the most to the index rise. ‎Stockwise, Aramco (+1.5%), Alinma Bank (+3.2%), and ‎Saudi National Bank (+0.9%) were the major ‎contributors. The trading activity witnessed a decrease ‎in volume and value of -14% and -5%, respectively, to ‎reach 280mn shares and SAR6.3bn in value traded.‎

 

 

 

Market Wrap International:

U.S. equities ended mixed as cautious positioning around Federal ‎Reserve policy and stable Treasury yields kept risk appetite ‎contained. Rate expectations remained broadly unchanged, ‎limiting volatility in the yield curve and encouraging selective ‎rotation rather than broad risk-taking. Technology and growth ‎stocks provided support, while financials and defensives lagged ‎amid mixed earnings signals. The U.S. dollar was broadly steady, ‎offering limited directional input, while firmer crude prices ‎underpinned energy shares. The S&P 500 declined -0.01%, the ‎Dow Jones rose 0.02%, and the NASDAQ gained 0.2%.‎

European equities ended lower as global risk sentiment softened ‎and sector-level weakness outweighed support from energy. ‎Export-oriented sectors came under pressure as currency ‎dynamics and uneven earnings outlooks weighed on cyclicals, ‎while defensives offered only limited cushioning. Rising ‎commodity prices reflected persistent inflation sensitivity but ‎failed to lift broader equity sentiment. The FTSE 100 fell -0.5%, ‎the DAX declined -0.3%, the CAC dropped -1.1%, and the ‎EURO STOXX 600 eased -0.8%.‎

 

Asian markets are trading higher, led by strong gains in Hong ‎Kong and South Korea as technology and export-linked stocks ‎benefited from improved global tech sentiment and currency ‎stability. Semiconductor-related shares outperformed, while ‎mainland China remained more measured. Regional FX ‎conditions and firm risk appetite supported flows into equities. ‎The SHCOMP rose 0.3%, the KOSPI gained 1.7%, the Nikkei ‎‎225 advanced 0.05%, and the Hang Seng surged 2.6%.‎

 

 

Daily Market Monitor 29-01-2026