The Saudi Stock Exchange ends 4 sessions of losses, amid an improvement in oil prices

The Saudi Stock Market Index has changed its direction with the conclusion of the trade today, Monday, to end a wave of losses that lasted 4 sessions, in collaboration with a slight improvement in oil prices and the announcement of supportive financial results of the listed companies. The “Tassi” index closed 0.1% at 11423 points, supported by the rise of the “Maaden” share with 6.5% to 51 Riyals, along with the arrow of the ‘sympathy for medical services’ with a maximum of 78.3 Riyals after the quarterly results were announced. The basic materials sectors increased by 1.8%, communication by 0.4%, while the energy sector fell 0.2%, and banks fell 0.6%. Under the leadership shares, the price of the “Aramco” shares fell 0.16% to 24.9 Riyals, “Al -Rajhi Bank” by 0.9% to 95.6 Riyals, “Aqua Power” by 0.6% to 305 Riyals, while the shares of the “National Bank” rose 0.7% to 34.65. During an interview with “Al -Sharq”, Ahmed Al -Rashid, the first financial analyst of the ‘economic’ newspaper, said that the improvement of trade values ​​today up to 5.2 billion Riyals compared to 3.5 billion in the last session, indicating that the interest of customers in the current price levels after the wave of the present could not be a long time. “The results of the business of Saudi businesses, several companies today announced their financial results for the first quarter of the year, and among the companies, the share of” Makkah for reconstruction and development “rose 1.5% to 108.2 Riyals, after the company announced in the first quarter that the net profit rose by 33% to 150 million Riyals. a surprise, as it is related to the strong demand for rent in Saudi Arabia, thanks to the increasing population numbers, a number of major projects in the field of tourism and other things related to the vision of 2030 “Majid Al -Khaldi, the first financial analyst of the newspaper” Al -Iqtisadiya “, explained that the company” has found ” The occupancy figures increased in the last days of the month, which strengthened the revenue of the available rooms by 33%, in addition to the increase in the malls’ reviews by 26%. “Al -sleeve also announced its net profit growth in the first three months of the year. In an interview with “Al -Sharq”, he told Akhotia that “the healthcare sector is one of the sectors based on strong foundations. Al -Mouwasat Arrow dropped significantly before the results were announced and therefore attractive.” Proud expectations of oil prices despite the minor improvement in oil prices during contemporary intercourse, the global investment bank “Goldman Sachs” and “Morgan Stanley” reduced their expectations for crude prices during the remaining period of the current year and next year, due to the fear of the incident to the “OPEC+” of a marked increase in the next month. The future contracts of ‘Brent’ crude oil fell 4.6% to about $ 58 a barrel, before the losses dropped to 1.24% and the global references rough returns over the $ 60 a barrel. While the price of “West Texas”, the mediator was $ 57.5 a barrel, after reducing its losses to 1.3%.