Reports

2025-03-23

Daily Market Monitor 23-03-2025

Tadawul Review:

Tadawul All Share Index (TASI) rose on Thursday, ‎gaining 51 points (+0.4%) to close at 11,760. The trading ‎session began positively, with a 10-point increase ‎compared to the previous close, then fluctuated until ‎the end of the session. In general, 14 out of 21 sectors ‎closed in the ‎green zone, and 123 shares rose while 109 ‎fell. Energy ‎‎(+2.6%), Insurance (+1.3%), and Utilities ‎‎(+0.8%) sectors contributed the ‎most to the index rise. ‎Stockwise, Aramco ‎‎(+2.6%), ACWA Power (+1.0%), and ‎Jabal Omar (+2.7%) ‎were the major contributors. The ‎trading activity witnessed an increase in volume and ‎value of 14% and 29%, respectively, to reach 229mn ‎shares and SAR5.8bn in value traded.‎

Market Wrap International:

U.S. stocks edged higher on Friday, reversing earlier losses after President Donald ‎Trump suggested that upcoming tariffs might be less severe than initially feared. The ‎S&P 500 and Dow Jones posted modest gains as investors weighed mixed signals ‎from the Federal Reserve. In the S&P 500, communication services led with a 1% gain, ‎followed by consumer discretionary at 0.63% and information technology at 0.49%. The ‎S&P 500 rose by 0.1%, the Nasdaq increased by 0.5%, and the Dow Jones Industrial ‎Average advanced by 0.1%.‎

European markets ended lower on Friday, dragged down by the travel sector following ‎the temporary closure of Heathrow Airport due to a fire at a nearby substation. The ‎incident weighed on travel and leisure stocks, contributing to the broader market ‎decline. The CAC 40 fell by -0.6%, the Euro STOXX 600 declined by -0.6%, the FTSE 100 ‎dropped by -0.6%, and the DAX slipped by -0.5%.‎

Japanese stocks closed lower on Friday, dragged down by losses in the shipbuilding, ‎manufacturing, and services sectors. The Hang Seng fell by -2.2%, the SHCOMP decreased by -1.3%, the Nikkei 225 declined by -0.2%, and the KOSPI gained by 0.2%.‎

Daily Market Monitor 23-03-2025