Tadawul Review: 

The Tadawul All Share Index (TASI) experienced a decline on the first day of trading after the Eid vacation, dropping by -39 points (-0.3%) to close at 12,667. TASI started the session negatively, opening with losses of -239 but then started to rise gradually until the end. In general, 10 of 21 sectors closed in the red zone, and 121 shares fell while 104 rose. Banks (-2.0%), Materials (-1.5%), and Real Estate (-0.9%) sectors contributed the most to the index fall. Stockwise, SNB (-3.3%), Alrajhi Bank (-1.4%), and SABIC (-2.8%) were the major contributors to the index’s fall. The trading activity witnessed a decline in volume and value of -10% and -21%, respectively, to reach 243mn shares and SAR 6.2bn in value traded.

 

 

 

Market Wrap International:

in ther U.S market, The S&P 500 fell by -1.5% and the Nasdaq composite declined -1.6%. amid investors benefiting from higher oil prices and a stronger-than-expected economy, while simultaneously seeking portfolio protection against concerns of inflation resurgence.

In Europe, EURO STOXX 600 slightly rose by 0.1% on Friday after reaching a one-week high at the start of the trading session. The escalating tensions in the Middle East dampened some of the prevailing optimism surrounding the European Central Bank's indication of potential rate cuts as FTSE 100 rose by 0.9%

In Asia, the indices SHCOMP and Hang Seng were down by -0.5% and -2.2%. While Japanese indices rose with TOPIX (+0.5%) and NIKKEl 225 (+0.2%). The major indices in the region closed on a negative note in a range of -0.1% to -0.9%.