The Saudi Stock Exchange still ends up before a long holiday and amid the reluctance of investors

The Saudi Stock Market Index continued today, Sunday, amid multiple printing factors, especially the approach of the Eid al -Aadha holiday and the aggravation of the uncertainty over the World Trade War, and the impact of oil prices in the abundance of the markets. After a short increase in the conquest, the “Tassi” index fell by 0.25% to 10963 points, minutes after the start of the session, with the price of “Aqua Power”, “Al -Ahly Bank” and “Jabal Omar Development”, he dropped despite the rise of “Aramco” share. The ‘United Cartoon Industries’ arrow has continued with the ongoing decline since the start of the first time last Tuesday to lose 6.2% at the beginning of trading to 42.3 Riyals, compared to the price of the offer of 50 Riyals. The absence of incentives was that poor trade was the prevailing function in the Saudi market in May, during which Tassi entered into its fourth monthly loss by 5.8%, and recorded the longest monthly loss range since the end of 2014. “Many investors would prefer to stay beyond the markets to avoid any risks through global factors during the holidays,” she added. The Federal Appeal Court granted a temporary deadline on Thursday in a legal development for a judicial decision that would cancel most of its customs agenda, celebrated by the US administration as a support of its position to stop the decision of the international trade court to stop large parts of the duties. These provisions would exacerbate the uncertainty between investors worldwide amid the US administration and the judiciary, which will postpone any breakthrough in the case of customs duties. Ahmed Al -Rasheed, the first financial analyst of the newspaper ‘Al -iqtisadiah’, said in an intervention with ‘Al -sharq’ that the resumption of the Trump administration ‘makes it difficult to achieve trade agreements between the United States and the countries involved in the issue of fees, because these countries will wait to see the outcome of the rash.’ There was no significant change in the main index of the US stock market in the last sessions last week, while most Asian markets fell in the midst of the aggravation of uncertainty. The oil markets also saw an important development, as the OPEC+Alliance agreed to increase oil production 411 thousand barrels per day from next July, accelerating the resumption of stop production, in a move that can aggravate the drop in crude prices, playing a major role in Saudi shares. Brent ruol closed below $ 64 a barrel last weekend, while the intermediate crude from Western Texas was down 61 before the announcement of the coalition decision.