Reports

2023-11-19

Daily Market Monitor 19-11-2023

Tadawul Review:

Tadawul All Share Index (TASI) rose for the third day, rising ‎by +59 points (+0.5%) to close at the 11,082 levels. TASI ‎began the trading session on a negative note by 8 points and ‎continued to rise  throughout the session to close at intraday ‎high. Overall, 17 out of 20 sectors closed in the green zone, ‎while 143 shares rose and 70 fell. Materials (+0.8%), Real ‎Estate (+3.2%), and Banks (+0.3%) sectors contributed the ‎most to the index rising. Stockwise, Al Rajhi Bank (+0.7%), ‎Aramco (+0.5%), and Saudi Awwal Bank (+2.5%) were the ‎major contributors. The trading activity witnessed an increase ‎in volume by +2% to reach 247mn shares, while the value ‎decreased by -7% to reach SAR6.5bn in value traded.‎

 

 

 

Market Wrap International:

In the U.S., the S&P 500 surged higher on Friday by +0.1%, ‎with six of the eleven listed sectors rising, extending its winning ‎streak for the third consecutive week, and the Nasdaq ‎Composite rose by +0.1% as part of an impressive rally in ‎November. The yields of U.S. two-year Treasury bonds fell ‎below 4.80%, marking the first time since September 1st. Oil ‎prices rebounded from a four-month low, with U.S. crude and ‎Brent jumping 4% on the day ‎

In Europe, the Stoxx Europe 600 was up by +1.0% as ‎confidence grew that the easing of inflationary pressures ‎would pave the way for central banks to adopt more ‎accommodative monetary measures in the coming year. The ‎FTSE-100 index rose by +1.3% as UK retail sales unexpectedly ‎fell in October, raising economic concerns.‎

In Asia, markets rose, with Chinese index Shanghai Composite: ‎‎+0.1% while Hang Seng: -2.1%. as the central bank and ‎financial regulators vowed to support the property sector and ‎tackle local government debt risks. The benchmarks in Japan ‎showed a positive performance (Topix: 0.4%9 and Nikkei 225: ‎‎0.5%), aided by the Bank of Japan's affirmation of its loose ‎policy.‎

 

 

 

 

 

Daily Market Monitor 19-11-2023