Tadawul Review: 

Tadawul All-Share Index (TASI) closed down on Monday by -‎‎95 points (-1%) to settle at 11,422 levels. TASI started ‎Monday’s session on a negative note (-15 points) and ‎continued its decline till it reached its intraday low of -129, ‎but TASI minimize its losses at the closing auction by adding ‎‎+34 points. In general, 18 out of 20 sectors closed in the red ‎zone, while 188 stocks fell and 31 rose. Banks (-0.6%), ‎Materials (-0.8%), and Food and beverages (-2.8%) sectors ‎were the major drags on the index and contributed a total of ‎‎-49 points. Stocks-wise, Al Rajhi Bank (-1.4%), Almarai (-‎‎5.2%), and Aramco (-0.6%) pulled the index down the most. ‎The trading volume activity decreased by -33% DoD to reach ‎‎303mn shares, while the trading value increased by 13% DoD ‎to reach SAR6.1 bn.‎

 

 

 

Market Wrap International:

The global equity markets dropped on Monday, with traded ‎volumes affected by the closure of trading in the U.S due to a ‎national holiday. The futures contracts on the U.S key equity ‎benchmarks moved in a narrow range.‎

In Europe, a strong recent performance and a lack of fresh ‎triggers led investors to book profits. The much-hyped stimulus ‎package in China to stimulate the economic recovery failed to ‎materialize. The Stoxx Europe 600 Index fell 0.7% on Monday. ‎The country level indices too followed suit and were down ‎‏0.1‏‎-‎‎0.7%. In a major highlight, the 2-year yield on the U.K bond ‎crossed the 5% mark for the first time since the Global ‎Financial Crisis. Two major updates for the U.K market are ‎the release of CPI data and the decision of the Bank of ‎England later this week.‎

 

In Asia, the conclusion of the State Council’s meeting over the ‎weekend without any major public announcement of the ‎economic stimulus package disappointed the investors. ‎However, the disappointment was contained by a positive ‎statement from a meeting of a visiting high-level US official in ‎China, which would help reduce the geopolitical tension ‎between the two countries over Taiwan. The key indices in ‎the region were down by 0.1|‎‏1.0‏‎%.‎