Tadawul Review: 

Tadawul All Share Index (TASI) ended the week with a ‎nominal drop of 17points on Thursday (-0.1%) and settled at ‎‎11,516 levels. TASI opened the session positively, by 8 points, ‎and reached its intraday high in the first hour of trading. ‎However, TASI gradually declined during the remainder hours ‎of the session. In general, 10 out of 20 sectors closed in the ‎red zone, while 115 stocks fell and 90 rose. Banks (-0.3%), ‎Energy (-0.4%), and Materials (-0.2%) sectors contributed the ‎most to the index's -19 point fall. Stockwise, Aramco (-0.5%), ‎Riyad Bank (-1.8%), and Saudi Awwal Bank (-2.0%) were the ‎major contributors. The trading activity witnessed an increase ‎in volume and value of 108% and 31%, respectively, to reach ‎‎587mn shares and SAR9.3bn in value traded.‎

 

 

Market Wrap International:

The global equity markets broadly moved higher on Friday with ‎a slew of policy decisions announced this week by the central ‎banks failing to give no major surprise. The optimism remained ‎high on the announcement of fresh economic stimulus in China ‎after the council due this weekend. In the U.S, the S&P 500 ‎index sustained above crucial 4400 levels for the second ‎straight session though the index trimmed gains by 0.4% due to ‎drags from communication and tech names.

In Europe, the Stoxx Europe 600 Index rose by 0.5% on Friday, ‎adding to its weekly gains. Luxury goods were the major driver ‎for the session. European mining and energy names also ‎benefited from gains from positive sentiment in commodity ‎prices due to expected stimulus in China. The country level ‎indices sin the region were up 0.2-1.‎‏3‏‎%.‎

‎ In Asia, all major indices moved higher on Friday on China ‎story and policy decisions. A level body in China, State Council, ‎is due to discuss a stimulus package which as per Bloomberg ‎may include as many as 12 measures targeting ailing real ‎estate sector and increase in infrastructure spending. Hang ‎Seng and Shanghai Composite were up 1.‎‏1‏‎% and 0.6%. All ‎other major indices were up 0.3-0.7% barring TAIEX which ‎was down by 0.3%.‎