The Saudi Stock Exchange is stable in the absence of incentives, amid the anticipation of interest

The Saudi Stock Market Index began trading today, Sunday, without a change, amid the guard of traders to new incentives that help the market to come from the deterioration wave seen in recent weeks, after the season of disappointing quarterly results for expectations. The “Tassi” index resolved at 10838 points in the first minutes of the session, as the shares of “Al -Rajhi Bank”, “Aqua Power” and “Al -Ahly Bank” have earned declines in exchange for the rise of “Aramco” and “Sabic”. The shares of some of the companies listed from the news announced before the start of the session. Financial analyst meeting Mansour is of the opinion that the highlights in the market in the last sessions are “cautious and temporary” last week, while investors are awaiting global developments affecting the market lane, especially after the end of financial results without momentum. Mansour pointed out that its expectations for continuing the sale of pressure in the market “for a temporary period, but on the other hand, clients will focus on shares trading without the book value, which increase opportunities in the market, especially in the sectors of communication, healthcare and financial technology.” Interest rates Some analysts believe that the Saudi Market is witness to the decision of the US Federal Reserve monetary policy next September amid widespread expectations to start following a downward path regarding interest rates. The activities of the annual Symposium of the Economic Policy arranged by the bank’s branch in Kansas City will be launched next night during which Central Bank’s head Jerome Powell will speak. During an intervention with ‘Al-Sharq’, Mansour said, ‘the banks acquired about 60% of the profits of companies listed in the Saudi market during the second quarter, which increases customer anticipation for interest rate development, reducing the financing and financing and investment and investment and investment and investment and investment and investment and investment and investment and investment and investment and investment and investment and investment and investment and investment and investment and investment and investment and investment and investment and investment and investment reduction will increase. Saudi Central Bank reflects the movements of the Federal Reserve as a result of the Riyal link to the dollar. News that strengthen the shares of companies, the shares of “Salama” and “O’A” for cooperative insurance, rose 1% at the beginning of the transactions, after the signing of a binding agreement was announced to integrate through the exchange of shares, in an agreement that will lead to the cancellation of the “Insa” registration. The frequency of integration and acquisitions in the Saudi insurance sector is increasing, amid expectations of the “S&B” with more transactions this year. Ghassan Al -zakir, CEO of the “Financial Standard” business, indicates that the intensification of competition in the Saudi insurance market has led to a decrease in profitable margins in light of the high requirements of the insurance authority for financial adequate enterprises. He said during an intervention with ‘Al -Sharq’: ‘I think we will see many integration and procurement agreements in this particular sector. The two companies suffered losses, so the merger was inevitable, and shareholders could get profits after the two companies merged into one entity. ‘ The arrow of the “Arabic drill” also rose by about 1% after the company announced the extension of the contracts of 11 ground borean platforms with the company “SLB”. In terms of “Umm al -qura for development and reconstruction, which developed for the” Path “project in Makkah Al -Mukarramah, her share rose 1.5% after announcing the sale of a piece of land with a value of more than 76.5 million Riyals.