The internal factors pave the way for the stability of the Saudi stock market by the end of the week

The Saudi stock market is expected to see the stability in the performance during the contemporary session after another performance of the shares listed in the last session, which indicates that investors focus more on companies and local factors than being influenced by the movement of global markets. The “Tassi” index returned yesterday to the decline with a slight rate of 0.2% to close at 12414 points under the pressure of banks, basic materials and public facilities, with the trade value of 7 billion Riyals, but it is still lower than the levels registered last week. “Trading values ​​saw last week due to the results of the banking sector, but they have now calmed down after all banks have announced their results and we will see that the outcome of the petrochemical and energy companies is strong to concentrate the results,” says Mary Salem, the financial analyst of “Al Sharq”. She added that it is striking that there are fluctuations in the sectors and a variation in the performance of the shares, which indicates that investors are starting to accommodate the results and install their positions accordingly. A strong growth for bank profits listed in the market has achieved a strong growth in the profits of 20% near last year, but the sector index recorded a slight decrease in yesterday’s session as a result of the “Al -Rajhi Bank” arrow with a heavy, relative weight that loses 0.6% in the midst of limited profits after is. Also read: Why did the annual profits “Al -Rajhi Bank” exceed expectations? “The financial performance at the moment (for bank shares) does not currently seem sufficient to raise the market, especially due to the bonds of some banks in the market that produce higher returns than the returns delivered by the shares of these banks,” according to Ahmed Al -Rashid, the financial analyst in the newspaper “Al -iqtisadiah”. He added that “the margins of profits at many banks have dropped, and in light of the ongoing interest rates at high levels of banks falling as a result of the high cost in return, deposits are no more than loans, so it does not allow further growth in the loan portfolio.” Mohamed Farraj, head of the first asset management at “Financial Profits”, said the decline in the awards in the banks’ results was striking, but “some investors may prefer banks that are reserved to avoid allocations such as Al -Rajhi, and this has led to the stock exceeding the level of 100 Rijal.” Global developments are currently focusing on the Saudi Market, it is more focused on internal factors, specifically the results of companies, according to Al -Brashid, with the anticipation of the results of large companies such as “Saudi Aramco”, the results of which will announce the fourth of the next March and “Aqua Power”. Also read: The shares of ship companies are rising after Trump promised to arrest the screws on Iran, but he said that “there is recently an effort to set up the maximum sanctions on Iran, and this will affect oil prices. In the event that there is a significant rise in oil prices, it will lead to an improvement in the market.” Oil prices have stabilized near their lowest levels this year, as the geopolitical attitudes of US President Donald Trump, and threats to impose customs duties in the energy sector affect expectations. The prices of ‘Brent’ crude oil were traded below $ 75 following a 2.1% fall on Wednesday, which has delivered all the profits since the beginning of the year, while the prices of the Western Texas mediator were nearly $ 71.