The Saudi Stock Exchange closes a little low despite the rise of "Aramco"

Aramco’s shares rose on Sunday thanks to better results than the giant oil company expected, but it could not support the Saudi Stock Exchange Index, which falls under the weight of the rest of the other leadership shares. After his profits to test the level of 11400 points at the conquest, Tassi closed up to 0.15% at 11346 points amid the decline in trade compared to the average last week to 3.3 billion Riyals. Among the leadership sectors, the energy sector increased by 0.6%, basic materials by 0.2%and communication by 1.4%, while the banking sector fell by 0.35%, and public facilities by 2.8%. Ahmed Al -Rasheed, the first financial analyst in the newspaper “Al -iqtisadiah”, believes that the advertisements of the results of companies may have influenced the market performance today. During an interview with “Al -Sharq”, Al -Rasheed said: “Many companies announced their financial results today, as well as after the market closed on Thursday. The market needs time to accommodate it, which has led to a reduction in the liquidity in the lowest levels in about two months, which gives an indication that there is another state of the market.” The shares of Aramco were the only winner under the leadership shares with 0.6% profits to close at 25 Riyals, while the shares of Al -Rajhi Bank with 0.5% to 96 Riyals, “National Bank” with 0.4% to 35 Riyals, Sabic by 0.2% to 58.7 Riyals, and Aqua Power with 3.8% to 288 Riyals. Aramco announced less than expected for Aramco’s profits before the start of the trading, that its profits dropped by 4.6% during the first quarter of the year to 97.25 billion rows, amid an increase in operating costs and the fall in oil prices. However, the profits achieved were higher than expectations of 94,119 billion Riyals. The company also approved the distribution of basic cash dividends of 79.3 billion rows for the first quarter of 2025, an increase of 4.2% year -on -year, and pavilions linked to the 0.8 billion Riyals performance that will be paid in the second quarter. Seed al -thaqfan, a member of the Saudi Economics Association, believes that the company could reduce the impact of low oil prices on its results thanks to the diversification of its investments and not just dependent on crude oil. During an interview with “Al -Sharq”, Al -thaqfan said: “It’s good for these distributions that are about 5.2%, which are good and better distributions than the returns of deposits, and the average shares in Tassi.” Mohamed Zidan, the first financial analyst in Al -Sharq, said that the share “is still below the level of 27 Riyale” at the medium term. A negative interaction with the results of “Jabal Omar” in the real estate sector, the share of “Jabal Omar” fell 2.8% to 24.44 Riyals, despite the fact that the company announced a jump in the quarterly profits of about 50 times after selling a 918 million riyals plot. Al -Rasheed said that the negative interaction is caused by most profits from the sale of a piece of land, and added that the results, by the exclusion of this agreement, are without the expectation of the traders. But he added that “it is important to take into account that the company’s most important activity is real estate, and it is not strange to sell countries and achieve profits. The most important thing is to look at the company’s future and its ability to fulfill its obligations, as the debt levels are high. On the other hand, the arrow of” UMM al -qura for development and reconstruction of the growing from 0.34% to 23.88 riyals increased, From the growing growing of the growing to 23.88 rijals by more than 33 times to fully generate the company. It is unlikely to lead to a comprehensive agreement at this stage. After avoiding the S&P 500 index (S&P 500), it has avoided entering a falling market and adding about $ 6 trillion, and the rate of activity has calmed down over the past few days. The index closed Friday’s transactions without change. In Asian stock markets, Chinese shares have decreased amid anticipation of continued commercial discussions with the United States, while Japan and Hong Kong have risen shares. Oil prices have improved to conclude Brent -Ru futures, 1.7% near $ 64 a barrel, while the intermediate crude of Western Texas increased by more than 1%, over $ 61.