Al -Ahmar overwhelms the Saudi Market to the results of "Sabic" and "Aqua Power"

The Saudi stock market screen was performed today, Sunday, Sunday, after ‘Aqua Power’ and ‘Sabic’ announced results without the expectations of analysts for the second quarter of the year, while ‘Aramco’ share forms the greatest pressure on the general index with a 1.2%drop, amid anti -quarter results of the Energy Tuesday, Tuesday. The “OPEC+” coalition has terminated the voluntary discount that eight countries have met since 2023, announcing today, Sunday, a new increase in production with 547 thousand barrels per day from next September, which represents the last phase of a gradual reduction plan for a 2.2 million barrels per day, Saudi Arabia has as. The “Tassi” index fell 0.8% at 10833 points, at the highest daily pace in 8 sessions, with major sectors, the most important of which is, and under the burden of the five leadership shares in the market, amid a poor liquidity of about 3.4 billion Riyal, compared to 4.4 billion Riyale. Ahmed Al -Rasheed, the first financial analyst of the newspaper “Al -iqtisadiah”, expected the exchange values of the stock exchange to improve during the week in light of the intensity of businesses announcing their results, indicating that the market today is considered “coherent in the view of the past three sessions, with the rise of an artistic activity, which is indication is. ‘ ‘Sabic’ announced before the session opening that it had a loss of more than 4 billion Riyals in the second quarter of the year, compared to the expectations of analysts to achieve 1.1 billion rows profits. A giant of petrochemical giant closed, fell by 1.2%. Mary Salem, the financial analyst of “Al Sharq”, believes that the company’s evaluation in the current stage is not based on its performance in the past period, but “the engine is the future expectations, and the strategy that Sabic follows to reduce the risk.” She added that “investors who go out of the arrow are currently traders are short -term, but the basic principles of the company and the view that the CEO announced to manage costs in the future can make the image different with the investor focusing on the long expensive.” Abdel Aziz Bin Saif, the founding partner of the ‘seventy Investment Company’, pointed out that the company’s results include extraordinary losses; “By excluding it, the profits of the company are about half a billion Riyals, which fall within the expected.” He added during a meeting with “Al -Sharq” that the results also matched what most petrochemical companies recently announced. Aqua Power shares have dropped a package of results without expected in the same context by the end of the contemporary trading in the first trading session after the company announced the decline in net profits 23.6%last weekend, which also violated the expectations of analysts. The price of the share of the ‘Saudi National Transportation Company’ (maritime) also fell 1.7% by the end of the transactions, after the losses reached about 5% during the session, representing the highest daily fall in more than 20 weeks. The company recorded a year -on -year profits in the second quarter profits, by 44%. Despite the increase in the profits of “Al -Arkan” real estate development during the second quarter by 44%, the share closed today, low 4.2% at 18.3 Riyals. Muhammad Zaidan, the first financial analyst at Al -Sharq, attributed the arrow to the sales of profits reaping, indicating the continued pressure in the short term amid good horizon for the long -term share. Zidane pointed out that “the average of analysts, money houses and expertise for the price of Dar Al -Arkan is at 15 Riyale, which means the market sees that the current levels are higher than the fair value of the share in 2025, and that negative pressure and profit can continue to pay the arrow to the level of 15 rijal.” Among the shares that rose in the market, the share of “sports clubs” – the latest expatriates in the market – jumped to the maximum, as well as the share of “Umm al -qura for development and reconstruction”, which announced the growth of profits by more than 26% in the second quarter.