The Saudi Market ends up for the third session with the anticipation of adult results and liquidity pressure

The reluctance of participation is still the dominant feature of the Saudi stock market, which is still declining in the third consecutive session, amid waiting to announce the results of the large listed companies and a decision on US interest rates. The “Tassi” index started trading 0.15% at 10807 points to exceed 3% during the current month with the shares of “Aramco” and “Al -Rajhi Bank”, the two largest shares on the index, and “Aqua Power” in exchange for a slight increase in the shares of “Sabic” and “National Bank”. Ashraf Jarrar, the International Asset Management Mediator at the United Securities, believes that the poor participation in the market is due to the recent orientation of many investors in the US markets, which remove the liquidity from the market. But he added during an intervention with ‘Al -Sharq’ that ‘we are supposed to see the return of investors in medium and long term, especially with the improvement of oil prices, which we expect to be more than $ 70.’ The market traders were announced on the third and fifth August for the results of “Sabic” and “Aramco”, and with the continuation of the financial results season, market traders await the third and fifth August. But disappointing results have led some shares to fall, including ‘specialized medical’, ‘Halawani brothers’ and ‘Al -nahdi Medical’, which today announced a slight decline in its quarterly profits with a modest growth of income, which came without expectation. Majid Al -khaldi, the first financial analyst of the “Economist” newspaper, says that the company’s results were influenced by seasonal factors during the second quarter, in addition to its expansion policy focusing on strengthening the market share that includes the opening of 29 new pharmacies during the quarter. During an intervention with “Al -Sharq”, Al -khalidi added that the company had a good financial center with a guide to raising cash distributions about 4% in the first half. It is a continuation of the companies’ tendency to increase the division to maintain the share of the share in exchange for higher returns in other financial instruments. “Rates, which increase the state of anticipation in the market for the Federal Reserve decision on interest later today. It is widely expected that the US Federal Reserve will maintain interest rates tomorrow without change, while investors will look at the comments of its president, Jerome Powell, looking for indicators on the way of the monetary policy in the future, which will have an influence on the seed. policy to its counterpart in the United States. The subscription door opened yesterday. Increasing property companies in the market will increase the diversity of the sector. “