Reports

2025-02-05

Daily Market Monitor 5-02-2025

Tadawul Review: 

Tadawul All Share Index (TASI) rose on Tuesday, gaining 57 points (+0.5%) to close at 12,434. The trading session began negatively, with a 5-point decrease compared to the previous close, before gradually increasing until the end of the session. In general, 15 out of 21 sectors closed in the ‎green zone, and 155 shares rose while 70 fell. Banks ‎‎(+0.9%), Telecommunications (+1.2%), and Health care equipment and services (+0.9%) sectors contributed the ‎most to the index rise. Stockwise, Al Rajhi Bank ‎‎(+1.6%), Saudi Telecom (+1.4%), and Alinma Bank (+0.7%) ‎were the major contributors. The trading activity witnessed an increase in volume by 36% to reach 370mn shares, while the value decreased by -4% to reach SAR6.3bn in value traded.

 

 

Market Wrap International:

Wall Street rebounded on Tuesday, with the Nasdaq and S&P 500 climbing as Big Tech led gains. A surge in Palantir boosted sentiment, while investors weighed China’s swift response to President Trump’s latest tariffs. Dip buyers returned after a volatile session, helping stocks recover as markets sought stability amid ongoing trade tensions. Optimism ahead of Alphabet’s earnings also contributed to the rebound. The S&P 500 advanced by 0.7% and the NASDAQ  gained by 1.4%.

European stocks advanced as relief spread through markets following Trump’s decision to delay tariffs on key U.S. trading partners, easing trade war fears. The CAC 40 rose by 0.7%, the DAX gained by 0.4%, the Euro STOXX 600 advanced by 0.2%, while the FTSE 100 declined by 0.1%

Japanese stocks climbed, leading broad gains across Asia as investors reacted to Trump’s decision to postpone tariffs on U.S. trade partners. The Hang Seng  gained by 2.8%, the NIKKEI 225 rose by 0.7%, and the KOSPI  advanced by 1.1%. 

Daily Market Monitor 5-02-2025