Aqaba can deprive Saudi shares of the end of the year rally

The Saudi Market is expected to continue during the remaining few days of the year with its accidental movements, with the session of today to see by foreign investors before the Christmas holidays. Mary Salem, the financial analyst of “Al Sharq”, believes that the Saudi market will remain under pressure of liquidity during the remaining sessions of the year, with a recovery of short -term speculation over stocks. Under the pressure of liquidity deficit, which has dropped by about 35% of the average of the average over the past three months, the recycling of the governor appears to be a popular stock market trade. The last meter race, “Saudi shares cannot rise more than two or three sessions, and then the profits reappear.” According to Salem, who made it clear that this behavior often coincides with the decline in the liquidity and the absence of institutional investments. The “Tassi” index for the second consecutive session decreased at the beginning of the week’s sessions, mainly influenced by the decline in the “Aramco” share. This comes, although the markets await what is known as the ‘Christmas rally’, as the last sessions of each year are usually seen on all categories of assets, powered by the concentration operations by the portfolio management enterprises and the morality of the optimistic investors in the new year. Seed al -thaqfan, a member of the Saudi Economics Association Board of Directors, expects the market to return to the levels of 12,000 points by the end of the year. Note that “major projects, spending plans and the expansion of the non -oil sector next year are all positive factors that will appear in the short term on shares.” Positive signals from “Sabic” will monitor the market “Sabic” and “Sabic Agricultural Questionive” today, after the two companies revealed their plans for generous cash distributions, despite the decline in profits. The Saudi Basic Industries Company (Sabic) has decided to distribute 5.1 billion Riyals for the second half of the year 2024. While the board of directors of the Sabic agricultural feeding company agreed to distribute about 1.43 billion Riyals. The two companies have changed the distribution policy as the board will announce its decision on profit distribution after the quarterly and fourth results. Within the context of the distributions, the qualification of the investor will end today in the extraordinary profit distributions by the company “extra” with 5 Riyals per share for the fourth quarter of 2024. SAPOLA will continue to pay the debt, traders will follow the arrow of “SAVOLA”, which is close to the highest price since 2015 after four consecutive sessions to the end point of the annual sessions of the year only. The company “SAVOLA” decided in 2019 to pay a new segment of 81 million Riyals from its export instruments, which brought the percentage of costs to the dedicated to 94%. Al -Mousa’s health subscription is the Saudi Market on a date with the fifteenth public subscription during the current year, as the shares of the “Al -Mousa Health Company” will start today at the individual segment at 2.66 million shares, which are offered 20% of the total shares for subscription, which amounts to 12,29 million shares. While the subscription door will be closed with ‘Al -Mousa’ tomorrow, Tuesday, the subscription door will be open to the segment of individual investors at Nice One.