Saudi shares end the week stable after a 3 week drop

The Saudi Stock Market closed the Thursday session with a slight decrease of 0.2%, reflecting the stability of the week index, which rose only 6 points, after a 3 -week decline in a row. At the level of leadership, the shares of “Al -Rajhi”, “Al -Ahly” and Akoa Power saw that it dropped between 0.2%and 1.4%, while “Sabian” shares rose 0.5%. As for the “Aramco” share, it did not look at the optimism that the company shows about the continuation of the Asian demand, where – for the second month in a row – the price of light Arab crude transmitting to Asia for the September month of September increased the price of September 3.20 dollars over the record crude oil, which is the average expectation in the world markets. 4% and the distribution of cash gain. Investors are being concentrated again … and an upcoming momentum in advertising, Ikrami Abdullah, the chief financial analyst in the Al -iqtisadiah newspaper, he saw in an interview with Al -Sharq that the most important businesses’ announcement of their financial results for the second quarter contributed to their Portfolios in the part of the Concentrate on putting their portfolios in the rise to concentrate them. the upcoming period. After its financial results, with only three days over the end of the announcement, which could create momentum in the market next week as a result of the acceleration of the pace of revelations. Abdullah pointed out that the market is carefully monitoring the decision of the next US interest, and that the current new customs duties or the United States are on the way to implement, as it is one of the most influential factors in the movement of markets in the current stage, both at the local or global level.