Reports

2024-11-03

Daily Market Monitor 3-11-2024

Tadawul Review:

Tadawul All Share Index (TASI) rose on Thursday, gaining 3 ‎points (+0.03%) to close at the 12,022 level. The index ‎opened higher and continued to increase during the first hour ‎before gradually falling until the close. In general, 12 out of 21 ‎sectors closed in the green zone, and 103 shares rose while ‎‎124 fell. Utilities (+3.0%), Capital goods (+2.5%), and Real ‎Estate ‎‎ (+0.4%) sectors contributed the most to the index ‎rise. Stockwise, ACWA Power (+3.2%), Dar Al Arkan (+4.8%), ‎and Marafiq (+6.0%) were the major contributors. The ‎trading activity witnessed a decrease in volume by -5% to ‎reach 556mn while the value increased by 9% to reach ‎SAR6.6bn value traded.‎

 

 

 

Market Wrap International: 

U.S. stocks made a recovery on Friday as investors assessed a substantial miss in the jobs report and showed optimism toward Amazon (AMZN) and Intel (INTC) earnings. The S&P 500 rose 0.4%, the Nasdaq Composite gained 0.8%, and the Dow Jones Industrial Average climbed 0.7%.

European markets wrapped up Friday with gains, opening November on a strong note as traders reviewed the important U.S. jobs report. The CAC 40 and FTSE 100 each rose 0.8%, the DAX gained 0.9%, and the broader Euro STOXX 600 climbed 1.1%.

 

Asian markets kicked off November with caution, as investors held back from riskier assets in advance of major U.S. economic announcements. The Nikkei 225 dropped -2.6%, the KOSPI edged down -0.5%, while the Hang Seng managed a 0.9% gain.

 

Daily Market Monitor 3-11-2024