### Summary
Saudi Arabia's stock market ended higher on Sunday due to the rise in oil prices, although gains were limited as investors awaited further interest rate insight from the U.S. Federal Reserve.
### Facts
- 📈 Saudi Arabia's benchmark index gained 0.4%.
- 🚀 Petrochemical maker Saudi Basic Industries Corp rose 1.7%.
- 💹 Riyad Bank increased by 1.8%.
- ⛽️ Oil prices rose about 1% following a slump in U.S. crude production, leading to an anticipated supply tightness.
- 👥 Qatar's index edged 0.1% higher, boosted by a 1.3% gain in Commercial Bank.
- 📰 Investors will scrutinize a speech from Fed Chair Jerome Powell on Friday for clues about the interest rate outlook.
- 💱 Gulf countries tend to follow the Fed's rate move as most regional currencies are pegged to the U.S. dollar.
- 🇰🇼 Only the Kuwaiti dinar is pegged to a currency basket that includes the dollar.
- 📈 Egypt's blue-chip index added 0.4%, with tobacco monopoly Easter Company advancing 2.9%.
### Summary
Saudi Arabia's Tadawul All Share Index rose by 0.44 percent, while the Nomu market increased by 1.77 percent. The benchmark index had a trading value of $0.99 billion with 105 stocks gaining and 111 declining. Saudi Paper Manufacturing Co. and Bahri were among the top performers, while Development Works Food Co. and Thimar Development Holding Co. were the weakest performers.
### Facts
- Saudi Arabia's Tadawul All Share Index increased by 0.44 percent, closing at 11,501.42.
- The Nomu market rose by 1.77 percent, finishing at 23,613.52.
- The MSCI Index climbed by 0.86 percent, reaching 1,494.33.
- Trade on the benchmark index totaled $0.99 billion with 105 stocks gaining and 111 declining.
- Saudi Paper Manufacturing Co. surged by 7.08 percent, National Shipping Co. of Saudi Arabia rose by 5.58 percent, and Takween Advanced Industries Co. increased by 4.98 percent.
- Development Works Food Co. faced a drop of 9.89 percent, becoming the weakest performer.
- Thimar Development Holding Co. and Al Mawarid Manpower Co. saw their share prices fall by 6.89 percent and 6.25 percent, respectively.
- Sumou Real Estate Co. achieved a gain of 10.73 percent on the Nomu market.
- Bena Steel Industries Co. experienced the most significant loss on Nomu, declining by 7.95 percent.
### Summary
The Tadawul All Share Index in Saudi Arabia rose by 0.44 percent, while the Nomu market increased by 1.77 percent. Several stocks showed gains, including Saudi Paper Manufacturing Co., Bahri, and Takween Advanced Industries Co.
### Facts
- Tadawul All Share Index rose by 0.44 percent, closing at 11,501.42.
- Nomu market increased by 1.77 percent, finishing at 23,613.52.
- MSCI Index climbed by 0.86 percent, reaching 1,494.33.
- Trade on the benchmark index totaled SR3.7 billion ($0.99 billion).
- 105 stocks showed gains, while 111 experienced declines.
- Nomu registered a traded value of SR32.6 million.
- Saudi Paper Manufacturing Co. saw a 7.08 percent increase in share price.
- Development Works Food Co. faced a 9.89 percent drop in share price.
- Sumou Real Estate Co. achieved a 10.73 percent gain on Nomu.
- Bena Steel Industries Co. recorded a 7.95 percent loss on Nomu.
### Summary
The Saudi Arabian stock market experienced a modest rise, with the Tadawul All Share Index increasing by 0.44 percent. The parallel market, Nomu, saw a more significant uptick of 1.77 percent.
### Facts
- 📈 The Tadawul All Share Index rose by 0.44 percent, closing at 11,501.42.
- 📈 The Nomu market increased by 1.77 percent, finishing at 23,613.52.
- 💰 Trade on the benchmark index totaled SR3.7 billion, with 105 stocks gaining and 111 declining.
- 💰 Nomu registered a traded value of SR32.6 million.
- 📈 Saudi Paper Manufacturing Co. was the top performer, with a share price surge of 7.08 percent.
- 📉 Development Works Food Co. had the biggest decline, with a drop of 9.89 percent.
- 📈 On Nomu, Sumou Real Estate Co. achieved the most substantial gain, with its share price rising by 10.73 percent.
- 📉 Bena Steel Industries Co. faced the most substantial loss on Nomu, with its share price declining by 7.95 percent.
Stock indices finished the trading session mixed, with the Dow Jones Industrial Average (DJIA) falling while the Nasdaq 100 (NDX) and the S&P 500 (SPX) gained. Additionally, auto loan delinquencies are increasing as car prices become unsustainable, and gas prices are on the rise.
Saudi Arabia's stock market ended higher due to an increase in oil prices, but gains were limited as investors awaited further interest rate insight from the U.S. Federal Reserve.
Saudi Arabia's Tadawul All Share Index closed slightly higher, with a total trading turnover of SR5.02 billion, while a mix of stock performances saw some stocks advance and others decline.
Most stock markets in the Gulf ended lower due to a slightly hawkish outlook from the US Federal Reserve, with Abu Dhabi, Qatar, and Saudi Arabia experiencing declines.
Stock indices finished the trading session in the green, with gains seen in the Nasdaq 100, S&P 500, and Dow Jones Industrial Average. However, Texas manufacturing experienced a downturn in August, and gas prices have slipped across the country. U.S. stock futures are trending higher, and traders are awaiting key economic releases and earnings reports this week. In Asian markets, indices ended higher, but Evergrande Group's shares plunged while Xpeng's shares rallied.
Most stock markets in the Gulf ended lower due to a contraction in factory activity in China, dampening investor sentiment.
Saudi Arabia's Tadawul All Share Index dropped 35.42 points, or 0.31 percent, to close at 11,455.78, with a total trading turnover of SR4.31 billion ($1.146 billion) and 106 stocks advancing and 104 declining.
Most stock markets in the Gulf ended lower as investors grew cautious due to volatile oil prices and awaited monetary policy decisions by the US Federal Reserve.
Stock market indexes experienced losses as small caps led the selling, while oil stocks rose due to Saudi Arabia and Russia extending their oil production cuts, and other notable stock movements included PulteGroup and Airbnb surging, Blackstone being added to the S&P 500, Brady stock surging after better-than-expected earnings, and Sprinklr, Tesla, America's Car-Mart, NextGen Healthcare, Oracle, Li Auto, and Trip.com experiencing various ups and downs.
The Dow Jones Industrial Average fell, while AI stock Microsoft jumped, oil stocks rose as Saudi Arabia and Russia extended production cuts, and several Warren Buffett stocks are near entry points.
U.S. stocks slipped as worrying data out of China and a spike in oil prices following the extension of Saudi Arabian production cuts weighed on the market. The Dow Jones Industrial Average fell 0.6%, while the S&P 500 lost 0.4% and the Nasdaq dipped 0.1%.
Summary: The Nasdaq and S&P 500 closed slightly higher on Friday after a week of losses, while the Dow Jones Industrial Average rose 0.2%; however, all three major indexes ended the week lower due to rising oil prices, stronger-than-expected labor market data, and China's iPhone ban.
Most stock markets in the Gulf rose in response to a rise in oil prices, except for the Saudi index which closed lower; however, the International Monetary Fund predicts a further slowdown in Saudi Arabia's GDP growth due to the extension of oil production cuts.
Global markets ended higher as energy stocks climbed supported by Saudi Arabia and Russia's decision to extend supply cuts, while Wall Street's key indexes saw weekly declines due to investor concerns over interest rates and anticipation of upcoming U.S. inflation data. In Asian markets, Japan's Nikkei 225 ended down, Australia's S&P/ASX 200 was up, and Chinese shares rose following improved data on consumer price inflation. The Eurozone's economic growth outlook has been downgraded by the European Commission, and crude oil prices fell.
Stock indices closed in the red, with the Nasdaq 100, S&P 500, and Dow Jones Industrial Average all experiencing declines, while the technology sector underperformed and the energy sector led the session. The U.S. 10-Year Treasury yield dropped, while the Two-Year Treasury yield increased. The Small Business Optimism Index for August decreased, with inflation cited as a major concern among small business owners. Stocks opened lower on Tuesday, and U.S. futures trended lower as well. This week's focus will be on the Consumer Price Index and Producer Price Index data, which could impact the Federal Reserve's decision on rate hikes. Oracle's stock fell after missing sales estimates, while Casey's General and Tesla saw gains. JPMorgan's CEO criticized new Basel III regulations, and European indices traded in the green. In Asia-Pacific, markets ended mixed as traders await U.S. inflation data.
Stock indices closed lower today, with the Nasdaq 100, S&P 500, and Dow Jones Industrial Average all experiencing declines, while the technology sector was the session's laggard and the real estate sector was the leader but still lost ground. Additionally, the U.S. 10-Year Treasury yield and Two-Year Treasury yield both increased.
The major indexes, including the Dow Jones, S&P 500, and Nasdaq, finished lower on Friday ahead of the Federal Reserve meeting next week, with tech stocks dragging the Nasdaq lower and the S&P 500 and Nasdaq both falling below their 50-day moving average.
Most Middle Eastern stock markets had a mixed performance following the Federal Reserve's indication of another rate hike, while Egypt's main equity index reached a record high due to strong gains in fertilizer and chemical shares.
Asia-Pacific markets fell ahead of China's industrial data and Australia's inflation figures, while the US experienced a sell-off after disappointing economic data, causing the Dow Jones Industrial Average to fall below its 200-day moving average for the first time since May. Additionally, oil prices continue to rise, putting crude on track for its best quarter in over a year, and Tesla shares dropped after reports of an EU investigation into whether the company and other European carmakers are receiving unfair subsidies for exporting from China.
The US stock markets broke a four-day losing streak with gains in energy and materials sectors, while the Asian markets saw losses with technology stocks declining and concerns about China's property market stability. European markets opened in the red, awaiting economic data and earnings reports. Crude oil and natural gas prices decreased, while gold, silver, and copper prices fell. US futures and the US dollar index were down.
Stocks ended the day higher as the surge in oil, the dollar, and Treasury yields slowed down, with the Nasdaq rising 0.8%, the S&P 500 gaining 0.6%, and the Dow Jones Industrial Average rising 0.4%.
Stocks mostly fell in the U.S. on Friday, with the S&P 500 and Dow Jones Industrial Average declining, while the Nasdaq Composite inched up; all three indexes ended the month of September in the red, with the S&P and Nasdaq experiencing their worst monthly performance since December, and the Dow having its worst showing since February.
Stock markets ended mixed as investors processed the effects of the U.S. inflation report on the Federal Reserve's interest rate policy, with the S&P 500 declining by 0.27% and the Nasdaq Composite gaining 0.14%; in Asian markets, Japan's Nikkei 225 settled lower by 0.31% while Australia's S&P/ASX 200 slid 0.22%; in Europe, the STOXX 600 index was down 0.42% with Germany's DAX declining 0.25%, France's CAC 40 sliding 0.36%, and the U.K.'s FTSE 100 trading lower by 0.45%; and in commodities, Crude Oil WTI and Brent gained 0.82% and 0.89% respectively, while Gold traded lower by 0.88%.
The U.S. stock market ended mixed, with the S&P 500 remaining unchanged, while the Nasdaq saw gains due to Nvidia's shares jumping following Goldman Sachs' endorsement, and global markets experienced losses, including Japan's Nikkei 225, Australia's S&P/ASX 200, and Hong Kong's Hang Seng index.
Stock indices finished in positive territory, with the Nasdaq 100, S&P 500, and Dow Jones Industrial Average all posting gains, while the energy sector experienced losses; meanwhile, the U.S. 10-Year Treasury yield decreased and the Two-Year Treasury yield also saw a decline. The Factory Orders report showed an increase in new purchase orders placed with manufacturers, beating expectations. The ISM Non-Manufacturing Purchasing Managers' Index indicated a slight contraction in the non-manufacturing sector, and the ADP jobs growth data showed a slowdown in job growth and wages. U.S. Futures opened lower following higher-than-anticipated JOLTs jobs opening data. Asian markets ended mixed, while European indices traded in the red.
Stocks on Wall Street opened lower after the US jobs report exceeded expectations, raising concerns that the Federal Reserve may raise interest rates; the Dow Jones was down 0.3%, the S&P 500 lost 0.4%, and the Nasdaq Composite dropped 0.5%.
Stock markets in Israel and the Middle-East opened with significant losses following an unexpected assault by Hamas on Israel, indicating a potentially unstable week ahead.
Stocks opened lower on Monday due to the Middle East conflict and concerns about interest rates and inflation, with the Dow Jones Industrial Average down 0.2%, the S&P 500 down 0.5%, and the Nasdaq Composite down almost 1%.
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