Reports

2025-01-12

Daily Market Monitor 12-01-2025

Tadawul Review: 

Tadawul All Share Index (TASI) rose on Thursday, gaining 9 ‎points (+0.1%) to close at 12,098. The trading session began ‎positively, rising by 5 points compared to the previous close, ‎then started to gradually decline during the first hour. After ‎that, it rebounded and continued to increase until the end of ‎the session. In general, 10 out of 21 sectors closed in the ‎green zone, and 96 shares rose while 133 fell. Banks (+0.5%), ‎Health care equipment and services (+2.8%), and ‎Telecommunications (+0.3%) sectors contributed the most to ‎the index rise. Stockwise, Sulaiman Al Habib (+3.9%), Alinma ‎Bank (+1.7%), and Bank AlBilad (+2.5%) were the major ‎contributors. The trading activity witnessed a decrease in ‎volume by -33% to reach 359mn shares, while the value ‎increased by 7% to reach SAR7.4bn in value traded.

 

 

 

Market Wrap International:

Investors are concerned that strong job growth might exacerbate inflation, forcing the Federal Reserve to maintain a restrictive monetary policy. The NASDAQ declined by -1.6%, the S&P 500 fell by -1.5%, and the Dow Jones Industrial Average dropped by -1.6%.

 

European stock markets experienced a decline on Friday, following the release of the latest U.S. employment data. The CAC 40 decreased by -0.8%, the DAX fell -0.5%, the Euro STOXX 600 dropped -0.8%, and the FTSE 100 slipped by -0.9%.

 

Anticipation of crucial US jobs data, set to guide the Federal Reserve's monetary policy decisions, led to a downturn in Asian equities as investors exercised caution. Key indices like the NIKKEI 225 lost by -1%, the SHCOMP fell by -1.3%, the KOSPI declined by -0.2%, and the Hang Seng fell by -0.9%.‎

Daily Market Monitor 12-01-2025