The Saudi Stock Market is on its way to scoring the fifth monthly loss this year

The Saudi stock market returned this morning, Thursday, on their way to bring about its fifth monthly loss this year, amid the continued weakness of trade values despite the season of positive business results. The “Tassi” index fell 0.5% at the beginning of the transactions to turn to the record losses of about 3% this month, under the weight of the shares of “Al -Rajhi Bank”, “Aqua Power”, “Sabic” and the “Saudi Telecom” Company (STC), despite the slight rise in the “National Bank”. Poor liquidity increases the impact of the major stocks, Mary Salem, the financial analyst of “Al Sharq”, says that poor liquidity is still the biggest challenge of the market amid the recycling of investors to shares in financial portfolios, which exacerbates and drops. Poor liquidity in the stock market leads to an extensive impact of the movement of the leadership shares on the general index of the market in both directions, according to ‘Bloomberg Intertgency’, whose data has a decrease in the daily average of the value of transactions by more than $ 30% to $ 1.5 billion in a second quarter. The average trading size shows a decline from the second quarter this year, the average daily trading volume (million shares), the first quarter 2024 326.543, the second quarter 2024 320.45, the third quarter 2024 314.897, the fourth quarter 2024, 549.89, the first term 2025 331.134, the second quarter 2025 251.584 273.1.1.2, the second term 2025 251.584 July. And Salem added that “the results alone cannot be a market driver, especially since the Saudi Stock Exchange is now linked to external factors and has weights for global indicators and it is not possible to give a blind eye to the impact of these on foreign investors and institutions. Initial proposals and the performance of the new stock is also reduced by the new stock. Year. Reconstruction Company “Path” 55 % Arabic Agricultural and Industrial Investment Enterprise “Production” The most important support point that the market can restore for the rising direction, but Mohamed Zidane, the first financial analyst in “Al Sharq”, says that the market has turned a few times at the level of 11 thousand points. Accent of the US federal is supposed to be supportive factors, and it would be positive to close on an average of 50 days at 11050 points today. Some of the interest reduction was one of the factors affecting the Saudi market during the first half of the year in which it lost more than 7%. Up to 34 million Riyale in the second quarter of the year, while the quarterly results of the “Yamama Cement” business supported the performance of the share after the growth of net profits 43% during three months to the end of June. After the International Monetary Fund raised the expectations of the growth of the Saudi economy for the current and next two years to a series of consecutive discounts, based on an expected improvement in oil revenue and wealth of non -oil activities.