The blurring of the global economy is pushing the shares of the Saudi Petrochemical Sector

The shares of Saudi Petrochemical Enterprises have a double blow of the low prices of products and the shrinking amounts sold with the impact of the blurring of the future of the global economy, which are clear in the decline in the performance of the two largest companies in the sector, which are ‘Sabic’ and ‘SIPKIM’, according to the financial analyst in “Al Sharq” Mohamed Zidan. He explained that the shares of the sector are experiencing pressure during the current period, and that the markets may be looking for the bottom to return to the purchase, but Zidane believes it may be a good opportunity to invest in the long term, given the major capitalist spending of the two companies. He pointed out that selling pressure is normal at the moment, but the return of the two companies to achieve good income has changed the direction of the share in the future.