Tadawul Review:

Tadawul All Share Index (TASI) fell on Monday by -6 points ‎to close at 11464 levels. TASI opened the session on a ‎positive note, up 9 points from the previous close, and ‎continued the session volatile to the end before dropping by ‎‎21 points in the closing auction. In general, 9 out of 20 ‎sectors closed in the red zone, while 113 of 223 shares fell ‎and 87 rose. Banks (-0.3%), Energy (-0.7%), and Health care ‎equipment and services (-1.5%) sectors contributed the most ‎to the index's fall 23points. Stockwise, Aramco (-0.7%), Al ‎Rajhi Bank (-0.3%), and Saudi Fransi (-1.5%) were the major ‎contributors. The trading activity witnessed an increase in ‎volume and value by +8% and +40%, respectively, to reach ‎‎177mn shares and SAR5.4bn in value traded. ‎

 

 

Market Wrap International:

The equity benchmarks in the U.S opened higher on Monday ‎ahead of key inflation and jobs data this week that offers ‎more clues on the Federal Reserve's interest rate path. The ‎announcement of new measures by China to boost its markets ‎also provided further support. S&P 500 edged up 0.6% with 10 ‎out of eleven listed sectors rose while Nasdaq Compiste rose ‎‎0.8%. Federal Reserve Chair Jerome Powell left open the ‎possibility of further rate hikes with the dollar slid from a 12-‎week peak on Monday.‎

The European stocks rose on Monday as China’s stimulus ‎measures to lift its equity market boosted risk sentiment, ‎while investors considered the outlook for interest rates after ‎cautious remarks from Federal Reserve Chair Jerome Powell. ‎The Stoxx 600 was up 0.9%. Stock markets in the UK are ‎closed for a local holiday. The country-level indices were up in ‎a range between of 1%|1.3 %.‎

All major equity benchmarks in Asia moved higher by ‎‎0.2%|1.1% on Monday as the announcement of new support ‎measures for the equity markets in China raised expectations ‎of fresh stimulus for the real economy. Meanwhile, the latest ‎statement from the BoJ Governors triggered a positive ‎response in equity indices in Japan (+1.5|+1.7%), making them ‎the best-performing benchmarks in the region.‎