Tadawul Opens the Week with Slight Gains

The Saudi Tadawul Index (TASI) opened the Sunday session with a slight rise of 0.18%, reaching 10,645.33 points, with gains of 19.18 points, in the first session of the week amid trading valued at 1.03 billion SAR and a volume of 61.88 million shares by 11:35 AM. This performance follows last Thursday's close at 10,626.15 points, continuing a gradual improvement from November's lows. Mid and small-cap stocks led the gainers, with Abu Moati's shares jumping 8.47% to 46.64 SAR, followed by Jahez (+4.19%), Azm (+4.13%), Yusr (+3.38%), and Al-Dawaa (+3.29%). Conversely, some large-cap stocks faced selling pressure, notably SEDCO Holding (-9.17%), Cisco Holding (-3.88%), and Rasan (-2.11%). Key announcements today from Tadawul and EDA include the listing of Greenfelder Saadi Holding's shares in the main market, deposit of shares for Saudi Industrial Development and Greenfelder Saadi for subscribers, execution of a procedure for Marble Design shares, and setting price fluctuation limits for Mohammed Hadi Al-Rashid & Partners' shares at 77.60 SAR.

Quick technical analysis:
The index is currently trading above the psychological support level of 10,630 points, with nearby resistance at 10,660-10,680 points. Continued trading above 10,630 keeps the short-term outlook positive, while any decline below 10,600 may bring back selling pressure.

Factors Influencing This Week:
Anticipation of the US Federal Reserve's decision on December 10-11 (90% chance of a 25 basis point cut).
Upcoming OPEC+ meeting and production stabilization until 2026.
Continued inflows from foreign portfolios following Morgan Stanley's upgrade of the Saudi market.

Summary:
The market is witnessing clear selective activity in mid-cap stocks with caution on large-cap stocks, awaiting strong external catalysts. The session so far is positive but with trading volume below average, reflecting traders' anticipation of major events this week.