Reports

2025-02-12

Daily Market Monitor 12-02-2025

Tadawul Review:

Tadawul All Share Index (TASI) fell on Tuesday, ‎dropping by 47 points (-0.4%) to close at 12,424. The ‎index opened with little change from the previous close, ‎then declined significantly during the first few hours of ‎trading. It rose slightly around the middle of the ‎session but then fell again towards the end. Overall, 12 ‎out of 21 sectors closed in the red zone, while 155 ‎shares fell and 69 rose. Banks (-1.1%), Utilities (-0.7%), ‎and Telecommunications (-0.5%) sectors contributed the ‎most to the index fall. Stockwise, Al Rajhi Bank (-1.5%), ‎ACWA Power (-0.9%), and Riyad Bank (-1.7%) were the ‎major contributors. The trading activity witnessed an ‎increase in volume and value of 14% and 7%, ‎respectively, to reach 315mn shares and SAR6.3bn in ‎value traded.‎

 

 

Market Wrap International:

U.S. stocks struggled for direction Tuesday as traders weighed fresh tariff moves from the White House and upcoming economic reports. Consumer staples led gains in the S&P 500, rising 0.91%, followed by energy at 0.76% and real estate at 0.56%. The S&P 500 and Dow jones Industrial rose by 0.03% & 0.3%, respectively. In contrast, the NASDAQ declined by -0.4%.

Despite trade uncertainty, European stocks closed at record levels, with investors weighing the EU’s potential response to U.S. tariffs. The CAC 40 rose by 0.3%, the DAX gained by 0.6%, the Euro STOXX 600 advanced by 0.2%, and the FTSE 100 edged up by 0.1%.

Asian markets were mixed on Tuesday as investors reacted to President Trump’s approval of 25% tariffs on steel and aluminum imports, with concerns over potential further measures. The Hang Seng dropped by -1.1%, the SHCOMP declined by -0.1%, while the KOSPI increased by 0.7%.

Daily Market Monitor 12-02-2025